Watch List for 5/16/17 from Alex

 

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DRYS: Just incredible. Didn’t even notice they had a PR out in the morning till the afternoon came along. Just goes to show that nothing will really save it until Kalani is done selling. Which should take another month or so. So sick! ALL pops for a s/s. I’m sure everyone is waiting for the bounce day, but I think they’ll all be surprised when it comes and doesn’t last. Any push is a short in my eyes. Look at how TOPS ended up. Thinking $3.50s by the end of the week.

SNAP: Started a swing short position on this @ $20.70. Ideally a morning push $21-$21.50 to get an add on day 4, then looking for more fade. Can easily gap down and continue to wash as well. Not afraid to follow weakness on this in the morning.

NVDA: Nice move. Wouldn’t be surprised to see $150 near term, but watching for a day 4 para near $140 for a quick short scalp.

ETRM: Would love a push to $7 then looking to fade it. Not interested in chasing weakness on this because it has shown that it can run in the past.

IDXG: One and done today. I held short overnight. Ideally a quick morning rip on $2.90+ to add short into before more unwind.

DDD: Keeping this on back radar for a jam on $25 magnet spot then fade back.

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