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AVCO: Wild one today. Enough volume to attract attention, but ideally I’d like some more to come in. Somewhat recent IPO, this is likely a massive pile of shit, no cash no revs and dealing in Stem cells, some CAR-T Immunotherapy collab, just destined to fail in my opinion, but cautious near term. Forward looking event with CEO speaking at convention on Thursday, and they’ve also been dangling an Amended S/3 out there as more short bait most likely. They’re going to drop an offering on longs at some point soon, there are a few cheap warrants from last year as well, but definitely nothing to be early on. Somewhat long bias going into tomorrow, especially if it’s weak pre or out of the gate, definitely the type to become trappy and rip some more faces off like they did this afternoon. So again, hopes would be higher tmrw and Thursday then start to look short bias into Friday and next week. Really thin so don’t trade if new and I’m not going to put numbers out there and try to predict the range tomorrow.
MDWD: Interesting one today both ways. Probably won’t trade this tomorrow unless we get some chat rats on it and I know for a fact it’s largely artificial movement up, then I’ll be monitoring for another fade, into 6 again would be nice if that scenario plays out.
VHC: Surprised this is sticking around for as long as it is, their only claim to fame is this Apple patent case. They won, good for them, but it doesn’t solve their problems that they still really have nothing else going for them beyond that as a company. I just don’t see the future upside case here, and would think it starts to sell off again soon. 5 seems pretty important, so I’d avoid the short until sub 5, that’s the line I’m watching before any entries there. That, or if it somehow gets traction again and wants to test the mid 6 highs, I’d also be interested in a short up there 6.50+ with a defined risk once it peaks out. In no-mans land here for the moment though.
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See you out there!
– D
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