$NBR came on my radar on Wednesday. I set up the trade to trigger while I was away for the day.
Here is the trade when price touched my entry.
$NBR -- ok, no complaints. made some $. But was making a decision with my hands tied behind my back. When dealing with non-blue chip or unfamous companies, I always a make a point to look at their short-interest, just to see if there's something to help a long trade. I didn't do that here because I wasn't fully focusing. If you go to shortsqueeze.com you'd discover that it has a big # as % of its float, meaning that if the price spikes, a certain amount of short sellers are going to either run to take profits, or if they're underwater, will head towards their puke-point if they're not fully committed to the short. Had I known this, I'd have likely given this some more time today (but still wouldn't swing it long)
Below is where the trade ended up ! I didn't get all of it but like I said I am happy.
Check out this video I recorded.
I review the market and build out some trades for the next few days.
Weekend update. Here's what happened last week
Monday: Dow surges 580 points thanks to Boeing and record home sales
Tuesday: Best quarter since 1987?!?!
Wednesday: Stocks close slightly higher on vaccine hopes and better than expected economic data
Thursday: Biggest Jobs Report ever: 4.8MM jobs added in
Friday: Markets closed in observance of 4th July