By Barrie Einarson

Hello, traders! Barrie Einarson here with today’s edition of What Makes This Trade Great. Let’s dive right into an interesting one from today – ticker symbol CRIS. To Subscribe: https://go.trade-ideas.com/SHQ
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Now, this one caught my eye early on. It wasn’t an earnings play, so I was initially curious about why it popped in the pre-market. I didn’t have all the answers right away, but that didn’t stop me from noticing something critical – the price action was getting very, very parabolic.

When I see a stock go vertical like that, alarms go off. It got all the way up to $8.30, and I knew it was time to take a step back and reassess. The price was screaming for a short. I had one of those “let’s see what happens” moments, and it paid off big time.

If you’ve been following me for a while, you know what I always say: If you miss it the first time, don’t panic. CRIS moved slightly above my initial short price of $8.05, but I stayed patient. Sure enough, it gave us another chance, and this time, the move was just beautiful.

The stock dropped from $8.05 down to $7.20 – that’s nearly a 24% move from the alert! Now, I’m not saying you would have held your entire position throughout the drop, but wow, what a ride! It’s a textbook case of catching that parabolic move and knowing when the music’s about to stop.

This trade is a prime example of why you need to stay sharp and be ready to act, especially when a stock goes into hyperdrive. Remember, it’s not about predicting the future but reacting to what the market gives you. And today, CRIS gave us a great opportunity.

That’s it for today’s edition. I’ll see you in the trading room tomorrow. Until then, trade smart and keep your eyes peeled for the next big move! Check out my homepage for more information.

Happy Trading!