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JMIA: Curious to see how this reacts into 16, very important area from the July run. Did a decent amount of DD on this back then (do your own of course), and came to the conclusion this company is hot garbage. Nothing has changed materially, so I can safely conclude this run is probably pretty silly. That said, respect levels. 16 o/u is the area of interest – if it pops thru there tomorrow and holds, don’t stay short. But if 16 o/u rejects, I’m very interested in hitting pops from there with that area as the guide.
SPI: Some assholes (trying) to bring this back to life. But as history would show, the secondary attempts are almost never as good as the first one ($14 in this case) So watching this tomorrow first to see what it does around 10. If that rejects, will join short on pops. 10 is also the most likely spot for it to fail, so should it not fail there, maybe expect 11s and then thinking would die from there. We’ll see how it reacts tomorrow and if it can get up and test these levels at all. Hopeful but not expecting.
IBM: Looking for a weak open/120 flush to scoop dips long if the market is cooperating.
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