Nov. 26 at 5:36 PM
$RGTI looks to be playing out as I expected for the most part, with the secondary push to
$30 failing, and now desperately needs to hold
$25 (possible for theta burn this Friday, but should lose it next week).
Both this and
$QBTS showing notable relative weakness compared to broader indexes like
$SPY , a trend that has occurred often the past two weeks.
Volume is low, and inflow/outflow ratio consistently under general spy. The controlled demolition will continue. Past week or so when followers asked if it was still a short I said I’d wait a bit before going into rgtz or puts as I thought it could bounce. I now think they’re much safer, but give yourself a few months
