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.
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