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Lol true true. Kicking myself for some of the summer vax plays I closed early. Now it’s just trying to find some extreme oversold bouncers. $KERN looks decent for a dead cat
Completely agree. There has been something for everyone from bulls to bears, long term to short term. Now is the time to short many of these garbage small caps
No drama.. simply saying, you can see the deflation, most of these small caps are deflating, the RHers are losing those summer gains.
Nimble traders like yourself are fine, but people that don’t understand these gap and soaks are having a hard time. You can see the momentum we saw this summer is mostly gone. Think Q4 will be a tough one. Just my$.02. There are always opportunities to your point.
Market is sensing the pig stuffing is about over. Everyone smash and grabbing what they can before the pain comes
No reason it can’t. Everything is trading on air and pseudo liquidity. Traders think the Fed is somehow backstopping everything. Nope.. you can buy insurance on a Ferrari doesn’t mean you won’t get hurt driving it 200 mph
Sorry to hear that. Trading pennies 2011-2014 taught me some good
Lessons lol
Agree, I wait until after. Never hold
Through a results announcement
Added myself. Cash on hand alone is worth an add at $1.50
$TSNP looking great here. Look what $VISM just did last week..0004 to .0088...could this be next?
$CATB snagging $1.60. Risk/reward decent. Tons of cash and other trials
Channel stuffing. Non-arms length and leasing for sure. No chance they hit 500K this year even with fraud
$WWR $4.30. Hit sub $4 today from $15. Could get a small second round pop
$ALT shorted $29s this summer. So wish I hadn’t covered at $22
Yep would be nice to see the fraud go down in flames. Wonder what numbers Elon made up this quarter.
Well done
Problem is there is actually a $USD shortage and QE continues to be deflationary as no banks are lending. We see a big deflation event followed by stagflation imo
Wow missed the boat on that one myself
True but lot of bagholders made today waiting to sell anything over $1.50. LYL $1.89 now. That’s one of the crueler AH traps I’ve seen
Premarket rally to $1.40 followed by sell off under $1.00?
Sure and I’m sure it will. That’s already built into the projected revenue. So we are trading 70x that assumption on a gross basis...not to mention the flaws it has and competitors. I’ll have to look at borrow rates but over $550 sure would be hard not to take a 3-6 month short
Ya it squeezed everyone out on that insane earnings move
Trading at 70x projected revenue. Might be the single most overvalued stock in the market next to tsla and pton
Must be why they are soaking into the bid. $1.26 now
$LYL $2.00 now. Double top at the same area of resistance from June. Another big
Volume day tomorrow could possibly push it through but if not think we go round trip back.
$LYL $2.04 losing momentum
Nice call
Nice call
Pop it is $LYL
They might smack it AH here (KXIN most recently). Been doing that with a lot of the plays lately, let's see how she pops or fades here in this first hour.
It stalled at the same major resistance/sell off points as it did on 6/10 and 6/13. HOD close could potentially invalidate that though
$LYL Lower highs lower lows, needs to break $1.98 for any further movement imo
They soak the float every single run. I’ve never seen the thing hold gains
Lol well said
That always feels good. Had an amazing time shorting aapl and tsla back in September, nice uvxy trades too. But the algo gods trapped me on a WWR short and boy did that one sting a bit. Got so use to everything fading, that staying power caught me off guard.
I’m with you on just trying to take singles and doubles rest of year. It’s been such a good year, not looking to blow it in the final 10 weeks. Especially with election chaos
Yes, barely been trading small caps after a lot of the momentum died in August. Focused on bigger shorts in tech, etc.
Looks like maybe small caps are waking up a bit but wow are there a lot of traps and faders lately! Hope you’ve had happy trades.
$HGSH $1.58 forming intraday wedge. $1.65+ could send it. Trade carefully. Bag holders being made on a lot of plays today
Added $.87+.88. Hit -30% that’s about where WWR/OPTT bounced
$HYLN $28 from $50-54 on merger close. Careful on these SPAC closings. Major sell the news/share unlock
Higher highs higher lows. Still looks like a larger move is possible. Stops are crucial
$OPTT anyone feel like they drop an offering Ah?