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SAEX: This one never ceases to amaze. They play on the fact they know it’s a short target at this point. Hoping for a gap up and open shove this time instead of that gap down weakness they pulled today, was just a big trap, not surprised at all. Ideal scenario it holds up/gaps up pre and a nice shove into the mid 5s and i’ll be an eager observer up there to short weakness once it peaks out. If they gap it down/open it weak again, I’ll ignore.
AXSM: Well it did what I expected it to..just a little delayed. Kudos to them for shaking out all early longs today, impressive, and nice recovery. Original plan yesterday was for 7s to hold and then squeeze it into mid 8s for short entries. I’ll take the same plan into tomorrow.
VTVT: This has hung around longer than I expected. Would try the short into an open 3.20s shove with a .50 o/u stop. Some chats on it early would be even better.
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See you out there!
– D
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