I am getting ready to go to work (yes, I work full time) as an IT professional.

 

Two stocks I am watching today:

1) BITCF

This is the exact same pattern as CNBX, NDEV, OWCP, MCIG.

 

Go back and look at those charts on the daily and weekly charts over the past two years.

You will be able to see why THIS PATTERN IS MY FAVORITE :) . I have had BITCF on my radar since May for this moment. Should have entered yesterday but was out of capital.

 

2) DRYS

 

Based on what the company reported in their last SEC filing, the company then (as of last week) was 85% done with their latest share dilution plan. I believe we could see a huge stock squeeze that could crush shorts. I have chart print outs of the last major squeeze from Nov where price whet up 21x over a few days.

The pattern right now is not exactly as favorable for a 21x times move as what the charts showed back in NOV. However, it is possible that we see a slight retracement from here the next day or so, a GAP DOWN, then it has an engulfing candle and crushes the shorts.

DRYS has a ton of bad things going for it. The CEO is fraud and has some serious lawsuits coming from conflict of interest with companies that he owns milking $ out of DRYS during this time. GOTO CNBC and see some of the articles from SeekingAlpha who has a huge short arguments there regarding very valid lawsuits outlining all of the company conflict of interests. DRYS feels like ENRON before all of this fraud was found (but unlike ENRON DRYS has TANKERS as assets).

Do not trade these unless you know what you are doing. Watch and learn that is what is important. I will be in a corporate office all day in meetings presenting and attending watching what is happening from my cellphone.

Thank you for reading.

Wishing you a great trading day and all the best that life has to offer.