A lot of opportunity out there today (ROX, BASI, HTGM) .. But I was too focused on DRYS to take advantage of it all.
DRYS: I took advantage of the early morning to push to add some bigger size to my short around $2.30s. IMO the only thing that held this up today was SSR (which will be off tomorrow). I think we gap down and continue to sell tomorrow, but in an ideal world we get a gap to $2.20s to get some more short. I know I’m beating a dead horse by mentioning this everyday, but I’m totally confident this is going to $1 near term. While everyone else looks at it weeks later saying they wish they were still short, ill be there counting the profits.
BASI: I totally missed this one today even though I had it on my screen all day I just never took the trade. Rookie mistake by me. Looking to get short into any morning rush $1.90-$2.
PBMD: Ideally some chatroom buys this POS early in the morning to get a big enough jam near $4 to get short. If not, will wait for a midday VWAP crack to get short into. Not excited to short early on low volume because its a prior runner and might have some tricks up its sleeve.
VRX: What an unwind today. I missed it. Looking for a gap up near $15 to get short into for more collapse.
JNUG: Gold is nastyyyy. Looking for a weak open near $7.50s to try and bounce it.
Recent Blogs:
Conviction + Sizing + Why 90% Of Traders Fail
Q/A Session + Trading Strategy
Thank you a lot AT09!