Some recent IPO’s are hot this morning, and @RaginCajun is putting on a 12631 clinic with a massive win in WIX, and a quick strike in GOMO. Of course, Twitter is the main IPO on the radar these days, off to a fine start as well.
However, small cap stocks in the Russell 2000 are notable laggards, as are solars. This type of action, at a minimum, indicates that hot money traders are congregating towards narrow pockets of momentum in lieu of all boats rising.
Some long ideas to watch, provided morning gains hold: BIDU over $170, DMND HAIN for specialty food short squeezes.
My top position right now is long WYNN, as casinos stay hot. I want to see $173 now hold as support in order to add.
What are you trading this morning?
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Still short $F