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Not touching $CAR, learned my lesson already a couple of days ago🤣 But watching it and the price action is completely crazy.
Remember, it's completely optional to trade it, and there are many other stocks in the market you can choose from.
$CAR is impressive, but what's more impressive is how this type of thing causes traders to style drift.
I've seen traders that don't typically short stocks, especially ones that never do it on parabolic moves falling over themselves to short this stock since $300.
Would be a bit careful with new longs here, $SPY and $QQQ vertical up and stretched to the upside short term. Sure could rotate a bit more towards MDY/IWM, but.
Would prefer a bit of sideways, but as we know from previous rallies, it's not always that easy haha
This stock is so damn dirty, scared the shit out of all shorts again, everyone thinking it will do the same thing as the last 5 days, low floating green up the rest of the day 🤣 Then it nukes.
I'm still short shit, but it's definitely going on the banlist after 😆
Another huge up day on super low volume. There is no volume what so ever to their entire rally off the lows. I don't know who is propping up this market, but it looks like a clear bull trap.
The market is holding up the bad news quite well so far in the premarket imo.
Let's see where it closes, but I believe this is a good place to add new longs