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ACB: Insanity. Love the a/h float up and if we gap up and open even higher tomorrow 20+, very interested in fading the open push into 21-22 ideally.
SRNE: Hoping some covering tomorrow for another chance at this one, awesome fade today. Not that it’s any secret, but there’s nothing here as we all know, and this is a crazy claim for them to sell stock into. Should remain heavy for a while. Volume still insane so nothing to fight yet, but eyes on any early strength to be a good fade idea again tmrw.
GSX: Muddy fraud piece. Usually avoid these as they are NEVER easy when you think they should be. However here I’d consider a long back above 33.50. Seems like they were accumulating there today, potentially getting ready to mess with shorts soon. Again…these things are never easy, and they never just fade off into oblivion. I’m sure Muddy is correct and I’m sure this is 50%+ lower in a month or two from now. But rather than fight it when everyone wants a short trade, I’d look for a long to set up.
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See you out there!
– D
Thanks!