Did the reddit space decide to dump the pot stocks?

Looks like the whole group jumped out the window.

DHT   daily chart

(forgot to post in last message)

DHT 4Q financials released after close

expectations obviously not met, nice short term trade on oscillation in rising channel

Good example of the risk of holding a trade into earnings

as per advice from steve and matt sell swing trades before earnings

enron II  in the making??

Sorry but, not a good sign for company management to engage in speculation

Best use of funds for Tesla is to build manufacturing capacity and inventory raw materials

AREC  1 week surge

metallurgical coal producer announced plans to issue/manage a new SPAC with a clean energy focus

YoY price performance (+1980%)  almost 2X Tesla

SLRX news Feb 5:  selling more shares at the market so go figure>>>

Higher price means more cash for the company

LABU daily over upper BB

LABU 60min parabolic ST

OCGN  straight up nice move from $0.30

bio tech mania!????

news driven event from what I can parse

company has something like 16 employees

FNGS  potential RTM setup

Might need 1 more day to push over upper BB;   NVDA and BIDU are the strong names today

FNGS is the 1X ETN for  NYSE FANG+ Index  (Inverse -1X GNAF)

10 equal weighted big cap tech names (FB, AAPL, AMZN, NFLX, GOOGL, BABA, BIDU, NVDA, TSLA, TWTR)

HUTMF

HUT.TO

Bitcoin miner was in heavy promo before Nov 2020 ... FWIW

ACDC  50% position off

10min flag BO with soft stops

spec buy for a long hold, so much for that plan...

DHT earnings  at close today

ACDC.TO  gap and go on news

AMCI    SPAC merger to ADN

Looks like the easy money has been made already

CLOV drop on latest Hindenburg Research report, nice hair cut from recent highs.

Report Link

Short fund uncovering company problems _ shorts help keep the markets honest

If you are a WSB follower buy this sucker, ha ha...  10.5% short float in finviz

More and more IPOs (and SPACs) as markets run up ...  caution.

WSB members just made a major cash transfer to Fund Managers   

Read some of the reddit posts and it appears that some sharp operators must have taken advantage of herd mentality and probably made a killing selling into the run.

Lead in to my recent long  ECPG, the business is credit collection....

ECPG Long off support

Oscillating in wide range with 3 touches support trendline

Needs some positive money flow  and MA confirmations  so only ST trade with tight stop

Low P/E but, High debt to equity

Money Stuff by Matt Levine regarding GME, SLV etc.

Great writer for a read when the markets close.

Link to Bloomberg article

2nd lower high, lower low after topping doji so possible start of a new down trend.

Needs to break some resistance levels with the next drop. 

Key today will be the close to see if institutions are selling or buying this after noon.

New trading plan, one day up, next day down

rinse and repeat :)