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INO: The most classic “virus” name going back years, gotta love it. Pure momo play here obviously, who’s trapped/who isn’t etc etc, and nothing more. With the size of the float, I can’t really see them keeping this volume up for long, so it’s likely going to have a good short trade in it soon. All shorts from this afternoon are still stuck, so we’ll likely need to see some sharp green candles yet before this is ripe for the “easy” short. Either open rush 6.50-7+ for a scalp fade idea in the morning, or weak open into 5.50 area that holds for a long trade back up. Not going anywhere near it short on open weakness above 5.40s.
APT: Another one in this sector, watch with INO, similar trade thesis here. These should all trade together. 7.50 pivot area of interest on this one.
AEMD: Higher the better out of gate and looking to fade it. Ideally 4.50+ for the short entry, avoid shorting any open weakness anywhere above 3.50, that’s area of interest for me – a weak open should either spring off of that, or spell the end on any fails without a reclaim there.
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See you out there!
– D
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