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SAVA: I envision this just dying tomorrow right out of the gate, but we’ll see what we wake up to. 4.30 is the area of interest, so anything below there I’m looking to short pops, otherwise 5+ to be interested. Anything mid/high 4’s will just watch and see what they’re doing.
CANF: One of my favorite perennial shitbags. Volume kind of light so nothing I’m loving yet, but definitely watching this. Hopefully they have another day of trapping, weak open hold into 3.50 and rip 4+ on some volume, then would be interested in thinking short after reassessing up there. Definitely not shorting a weak open though.
ACOR: Perfect world here would be weak open into 2.50 and then rip 3+ for the short idea up there.
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See you out there!
– D
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