Opportunity is off the chain right now, just be careful who you listen to.
For example, on Wednesday we were going over Dreamland Limited (NASDAQ: TDIC) on my Pre-Market Prep webinar.
It was a banger in the morning. Then it consolidated and ripped shorts’ faces off from midday into after-hours. By the end of the day, the hindsight heroes on X were all over it. TDIC was all they could talk about.
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The Big Picture
It drives me nuts seeing all these clowns on X and in chat rooms saying “LOOK AT $TDIC” when its at $20 plus. Where were they when it was at $3.21?
The longer you stay in the trading game, the more of these clowns you’ll see. The truth is, they’re really good at pointing out the obvious after the fact. Anyone can do that.
Most of them aren’t willing to put it on the line up front. Or they run sketchy chat rooms that pump stocks so they can sell into their followers.
Meanwhile, we had a plan:
Source StocksToTrade University
Using the Oracle algorithm, TDIC was alerted as a buy at $3.31 with a risk right below VWAP. So, a full trade plan.
On social media there will always be someone who points out the obvious after the fact. Most of these guys know just enough to be a danger to themselves and others.
Now, did I expect TDIC to go from $3 to $30? No. That was a short squeeze.
The trend continues of these China stocks baiting short sellers. In the past week we’ve seen some bangers:
- WORK Medical Technology Group LTD (NASDAQ: WOK) squeezed from 19 cents to the $11s in two days.
- Antelope Enterprise Holdings Limited (NASDAQ: AEHL) squeezed from 49 cents to $6 in four days
- And TDIC squeezed all the way to $34.86 in after-hours trading. In one day.
We made trade plans for every one of these stocks.
My Take
The stock market is raging. There’s just so much to be bullish about right now. And, thankfully, we have people shorting these stocks. They create moves like TDIC, WOK, and AEHL. The list just goes on and on and on.
All these stocks eventually fall apart, but on the front side there’s unlimited opportunity.
Watchlist
Leslie’s Inc. (NASDAQ: LESL) announced earnings after-hours on May 13. After a solid move it chopped sideways until the market opened yesterday (May 14).
Source StocksToTrade LESL 5/13-14/26 2-min candle, earnings winner
LESL squeezed higher into the afternoon and hit a 6-month high.
Source StocksToTrade LESL 6mo-1d, multi-month breakout or double-top?
If LESL holds or gets the clean breakout, it could squeeze shorts a lot further. As I write, shorts are piling in. So, we’ll see.
On My Radar
- Mythos helped researchers find Apple OS security bugs..
- “China’s door will only open wider.” Maybe we’ll get even more sketchy stocks to trade?
- More on Trump’s China trip: the US cleared 10 Chinese firms to buy H200s, Nvidia’s second-most powerful AI chip.
- Chip maker Cerebras Systems Inc (NASDAQ: CBRS) made its debut yesterday. Great timing.