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HIIQ: This is ridiculous and absurd on so many levels, this should give everything back in the not too distant future. Be careful of being early and the range is a little too crazy to fight with size, but keep a close watch on it. This is an extremely troubled company with a poor business model and large shareholders should be chomping at the bit to sell into this gap up, but they’ll do their best to induce a squeeze first of course. I’d expect a premarket walk up tmrw then watch for sellers to step back in shortly after open. Into 40 again would be really nice, not sure we get there though.
ADIL: Well this ends horribly very soon. Ideally one more shove day tomorrow into high 4s but something tells me it’s already done. It’s probably not worth the chase if they walk it down pre because of that mid 3s support and SSR, but if it’s up pre and has an open rush, i’ll be salivating to short this thing, watching closely for sellers to step in, high 4s ss entry with a low 5s stop should it hold.
NBEV: Watching for open shove into 6.30s for short entries.
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See you out there!
– D
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