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SNAP: I’m going to go as far as calling this a perennial shitbag. This recent upgrade is the biggest load of crap on the planet. I am loving this move, higher the better tomorrow and looking to fade it back. Through 14.50 tomorrow would be great, and then monitoring it for lower highs and a backside move to short.
LJPC: I know this name pretty well from the past, and if this recent news is anything like every other drug they’re ever had. it’s probably not all that important. This started out as a Kevin Tang special years ago that was pumped up into the 40s all on big promises, hopes and dreams. This is the same guy responsible for Heron, HRTX. I would assume this is the same. That said, don’t underestimate the move potential, I’d love to see this catch shorts again early and maybe run into 13-14, higher the better, but I’ll be monitoring this for topping action and once we get a solid lower high & fail to risk off of, this should provide a good short opportunity, there’s a very slim chance this drug is anything important in my opinion based on Tangs past.
CIEN: Sick move today. Monitoring this for one more good shove tomorrow through 46 daily levels, and then looking to fade it back down mid morning.
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See you out there!
– D
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