Pretty spot on with my plans this week. $IPI worked exactly like I wanted, got filled at $4.53 but didn't hold long enough. Tried to trade $HEAR but got a quick whooping on that insane spread. All-in-all I think I did ok, but still overtraded.
Hope you guys killed it! Here's my watch list for tomorrow:
LONGS:
$IPI: Still main watch for multiple reasons, but my plans remain the same. Morning washout and rally towards 52 weeks high 5.15ish. Love the way this trades, no funny business so I hope it continues tomorrow.
$NBEV: Nothing crazy but closed near the HOD and the daily shows a double bottom. Who knows, if this gets decent volume we might see a gap fil. Since it closed near HOD I'm looking for a washout and 2.50 push. Not a chase for me, just intrigued to see how this goes.
$MBOT: Not a lot of range on this but again, same plan as two above. $0.90 is key, we might have a gap fill. Stock has been worthless for a long ass time so expect it to be heavy/lots of profit taking at the bell.
SHORTS:
$EYPT: Para and unwind. I'm thinking it stuffs under 3.
$I: This has squeezed the proverbial nutsack of early shorts, myself included, but I think the backside is finally here. Push then unwind. Careful shorting this though, highly speculative and manipulated stock. Algos are in play here and lots of spoofing.
There you have it, hope this helps some. As always feel free to DM on twitter @mickdostie. Trade smart and be safe, I'll see you guys out there.
-Mick
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