Stocks in Play - December 2nd 2025

Stocks in Play: MDB, CRDO

Welcome to today's Stocks in Play report. Below are the key stocks to watch, along with brief x-ray and analysis.

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Yesterday In Review

QTTB worked well early and then faded. MSTR short was the same while WOLF never got going and had typical bad NYSE stock volume/action at the open which had me disregarding it. I took QTTB and MSTR. Neither were super high conviction but both worked well once you were trimming. I took 1 minute ORB on both. Using MSTZ for the MSTR short.

Trimmed QTTB at $6 but not heavily enough and I reduced most on the fail at $5 with final stop at B/E. MSTR I took 10% trims on the way down and eventually closed the remainder on the reclaim of $160. MSTR was always a day trade but QTTB would have been a swing if it acted better. I have added it to delayed reactions watchlist. My general stance was cautious yesterday so I adjusted to that when I felt it was fading.

Market Awareness

Yesterday turned out to be relatively standard. So far it looks like a rest day after 5 days up in a row. VIX looks dead for now. I think the big event will still be FED decision and up until that point I’m just concentrating on individual names unless we see heavier selling and VIX spiking again.

For now it’s business as usual with a shorter timeframe unless the catalyst is truly game changing.

Today’s Picks

MDB: Very strong results. Solid Beat on Revs (+19% YoY), Very strong Beat on EPS +67% vs estimates. KPI is the growth of Atlas platform. Big beat on this it now accounts for 75% of Revs, Surging Operating Cashflow and FCF. Both up 300% YoY. Strong Enterprise growth showing positive inflection in Atlas. Raised FY2026 Guidance on Revs and EPS. Positive Management commentary. I prefer this chart overall to CRDO. We have $400 to work against today.

X-Ray MDB: Industry Group: Semiconductors, Market Cap: 525.10M, Float: 4.55M Short Interest 140.27%, Days to Cover: 1.89, Exchange: NYSE

CRDO: Absolutely blowout earnings for CRDO. Huge Beat on Revs (272% YoY) and EPS (857% YoY), Big Beat on Gross Margins and Operating Margins. GAAP Profitable. Rev Growth Accelerating. Huge Guidance Raise (37% above Street Estimates). The chart is certainly not underappreciated though and has been on a huge run. There is a base but it’s not as clean as I’d like but the results here justify it’s inclusion. I think this one might be a target for short reports and bear cases soon due to it’s extreme customer concentration and forward valuation. Right at $200 Pre Market.

X-Ray CRDO: Industry Group: Biotechnology, Market Cap: 26.95M, Float: 4.55M Short Interest 6.11%, Days to Cover: 1.26, Exchange: NASDAQ

Delayed Reaction Watchlist (click here Tradingview)

Sources & Services I Use in my Trading:

• Finviz - Short Interest, Float, Articles, Fundamentals (Free)

• Benzinga Pro - News Source + News Squawk + Earnings Data (Paid)

• Tradingview - Charting & Scanning (Paid)

• Koyfin - Fundamental Data (Paid)

• EarningsWhispers - Earnings Calendar (Free)

• Tradersync - Trade Journal (Paid)

_{PS: There are many ways to trade stocks in play. It does not have to be the one that keeps going straight up and sometimes it doesn’t even have to be day one of the catalyst. Everyone must find a setup, timeframe and method that works for them. This list is supposed to educate on the criteria I use and the methods in which I find Stocks in Play. Yours may differ and that is completely okay.}