Here’s a peak at what we’re doing tomorrow, looking at Palantir ($PLTR) and several other fast movers. (January 25, 2021)

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I want to show you what we did with Palantir ( NYSE: PLTR ) this morning. I am holding a live trading session tomorrow; I want to teach you some things. Here’s what we did on Palantir ( NYSE: PLTR ); we got our members into this trade on Friday, some had been in before then but I wasn’t. I was looking in other directions and this is my IPO strategy “to a T”.

The stock started moving up on Friday, the stock runs up above the high of the 15th, $28.00, so that’s where we are taking the stock; this is on Friday. Then this morning the stock gaps up and it’s up like 22 percent and then it keeps going higher than that on such a big move in such a short period of time. It is really prudent to take some profits, to take some money off the table because that’s the tempting thing to do, which means that a lot of traders are going to be doing it, which means that there is going to be excess supply, so why not take part in that? So we took some of that off today; this is a really nice trade in just a very few trading hours. It was great, give me one of these every day and I will be happy.

What I like about Palantir ( NYSE: PLTR ) is, today’s volume was even higher, The last time we have seen such high volume though, was here on this day when the stock ran up, and then the very next day it gaps and then it reversed. I could actually see a similar thing happening tomorrow. I don’t know, but after the kind of volume we have had in the last couple of days, especially since it’s on no real news, you have got to watch out for this stock to be reversing. I could see it gapping up a bit and then coming back down. That is why we decided to exit today, but we will be looking at this tomorrow.

Other stocks that we are going to be checking out are stocks with super-high short interest. We will look at GameStop ( NYSE: GME ), of course, everybody does. There may be some money even to be made on this tomorrow. But if you are holding this stock overnight don’t flatter yourself and call yourself a trader, you’re not. Seriously, don’t flatter yourself, you’re not a trader you’re a gambler. By the way, that’s okay, there are many professional gamblers who make a handsome living at gambling. But if you are holding a stock like GameStop ( NYSE: GME ) overnight you are a gambler.

Now, if you are Michael Burry you are not a gambler you are a rich as hell trader who knows exactly what you are doing. This guy literally started buying the stock, I remember because I posted this trade, we traded it and got out for a whopping 30 or 40 percent. This guy is making so much money on this stock that he could probably buy his own island or maybe the Hawaiian Islands. But the rest of us, if you are holding this stock overnight I will just say it again, I think you are gambling. If you disagree with me it is because you are making a lot of money and I would say, good for you, great.

We are going to look at other stocks like Gogo ( NASDAQ: GOGO ), this is a stock that we took today for a nice trade. The way this stock is trading after hours, this could be a big mover tomorrow as well, so we are going to be looking at that. Other stocks, Macerich ( NYSE: MAC ) is probably also going to be trade-worthy tomorrow. iRobot ( NASDAQ: IRBT ), loved this stock today, this is how it traded, like so many of them did first thing in the morning. Well, guess when we are going to be trading tomorrow? First thing in the morning. What happened back here on the 21st? The stock runs up nicely over 5 percent first thing in the morning. What happens over here, on the 19th? The stock runs up 5 percent first thing in the morning. Of course today the stock runs up 5 percent within about 20-minutes and keeps going.

We are going to be looking at this kind of stuff tomorrow. We are going to look at Ligand Pharmaceuticals ( NASDAQ: LGND ). I couldn’t touch this right now, but as a day trade, this maybe could be happening. FIZZ, National Beverage ( NASDAQ: FIZZ ), highly shorted. The first thing that happens this morning, boom, a big move up. These stocks ( NASDAQ: AMCX ) still have massive short interest and we will be looking at these tomorrow. Dillard’s ( NYSE: DDS ); Bed Bath & Beyond ( NASDAQ: BBBY ), this could be a pretty decent short tomorrow, if we can get a borrow. Seritage Health ( NYSE: SRG ), never heard of them, but this is a stock that could move. And then finally, SunPower ( NASDAQ: SPWR ) or as I call it, Spyware, just because I am lazy, is also a stock that can move really well.

BUT, if you have stuck with me this long, here’s a couple that you definitely might want to look at. The first one is kind of a random one, Norfolk Southern ( NYSE: NSC ) looks like we could get a nice bounce tomorrow, it is definitely worth looking at for a nice day trade. Also, Uber ( NYSE: UBER); this is a shakeout. This move today, a big washout right down here and then a regaining of the 50-day moving average. This is actually positive, this is a healthy move for the chart. We saw the stock up at 60.00, it comes all the way down to $50.00, that’s over 15 percent. But from the low it regained 8.5 percent. So in 1-day we have had this big move, a finish of a big move down and now I am actually looking for a move to the upside. So we have several names that we are going to be looking at tomorrow and I want you to join us.

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