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SRNE: The end is near here I have a feeling, would watch it into high 5’s tomorrow, would love to see an open push into that and a seller to step back in, that would make me want to start in ss swing on pops with a 6 o/u risk. If it gets back over 6 and holds there, that may spell issues and a big squeeze thru 6.50+ highs. Not expecting that but never know. Ideally it stuffs any open try tmrw early and then short entries on pops from there.
AXSM: Sick rally last few days. Very interested in the short if it gaps up/open shove 17+, that’ll be one of those high risk high reward trades if it’s your type, will probably be a decent idea to fade open strength there tomorrow. We’ll see what we wake up to. If gaps down/opens weak, I’d be cautious on the short idea until 15 peaks out, don’t want to short down into it.
PCG: Pretty ugly this am, clear seller back here after weeks of waiting for most, it may have finally exhausted patient shorts and is finally ready to start a decent move lower again. Watching this name for a short idea over the next couple days on any meaningful strength.
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See you out there!
– D
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