For months RDBX has been one of my top three daily watches. Back in April, shorts were thinking DVDs are dead, this can't be up that much.
And that's exactly why we saw RDBX squeeze from roughly $10.50 to $18.
But it's not about DVD rentals anymore … it's all about the epic short squeeze thanks to idiot short-sellers.
I didn't get the dip and rip I wanted — but hey, having a plan keeps you safe.
RDBX just got too squeezy in premarket. A $5 per share gap up is bait for shorts to add or take a new position risking the new $18 high.
But RDBX is still holding up. We'll see if it has more juice in the tank for a squeeze over $18 later this week…
My Weekly Watchlist BIG Winner
AeroClean Technologies, Inc. (NASDAQ: AERC) was my number one watchlist pick. And it didn't disappoint…
Even though it broke above $12 on Friday afternoon, in yesterday's Pre-Market Prep I gave traders the updated plan…
Here's what I saw on the chart in premarket…
And once AERC broke above $13.50 it was off to the races.
Because once it was over that level, most of the shorts from last week and in premarket were underwater. And that created an epic squeeze.
If you traded the dip and rip, you could've made $3.50 per share on your trade! Even trading the multi-day breakout over $14.25 had the potential for great gains.
(As an Amazon Associate, we earn from qualifying purchases.)
13809 Research Boulevard, Suite 500, Austin, TX 78750
*Please note that these kinds of trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.
This is for informational purposes only as StocksToTrade is not registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund.
StocksToTrade cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing.
StocksToTrade in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, StocksToTrade accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.
No comments:
Post a Comment