Watch List for 5/3/17 from Alex

 

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Internet crapped out again today at open so missed some opportunity there. Green day today, small, but enough to give me the confidence I need. Looking forward to more action this week. Totally OK with ending the week red. I won’t try to force when the opportunity isn’t there. SLOW AND STEADY will make the gains back eventually.

 

AMD: Wanted to short this in the morning, but internet crapping out ruined it. I hope we get a BIG gap down and wash into mid $9s ill go long for the rebound there. Should be a solid play

CCCR: Nice jam to $3 today. Held pretty well though today so might push again tomorrow. Will use todays high as the guide for the short. I won’t play patience on this because it has shown that it can come back midday. Nail and bail.

MTBC: Some weird soak went on today. Looked like it was gonna test green for a moment. Really don’t know at this point. For some reason I don’t trust it on the short side yet. Wouldn’t be surprised to see another PR in the coming days and for the pump to re start. Just keeping it on side radar for now.

DRYS: R/S happening on the 11th… Earnings on the 10th. You should know my plan on it. Hopefully they find a way to spin earnings as a ++ the day before the split… fingers crossed

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