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MGNX: Great trade on this today, was short all day. As expected, super heavy and zero buyers stepping in yet, can keep fading down still tomorrow. Ideally we see similar action to today with some pre float up higher back into 23s for the short bias into open, we’ll see what we wake up to. If opens lower down here in 21s or 22s will be less interested, that may mean bounce day.
APOP: This stupid turd couldn’t hang on until tomorrow…I was salivating when I saw that move late this afternoon. Probably going to be a tough borrow regardless, but we’ll see what it looks like in premkt. It’ll have my attention for the short if it can somehow push back into 3, but not expecting that, and likely just an ignore. Will probably need some help from chat rats.
EOLS: Sick run today into CNBC feature a/h and then selling off now afterwards, shocker. Was hoping it’d hold up till tomorrow. Still some good meat on this though, Ideally opens higher and makes a push back into 29s and then watching for sellers to step in up there and to get short on failed follow through once a top is in with defined risk.
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See you out there!
– D
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