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PRVB: Whacky out there lately. This “broke down” today..but not really. Could easily see another crazy move out of it tomorrow. Anything over 10 where the big move started on Monday – this is far from dead. Today gave me the vibe of one big short trap, so if it holds double digits tomorrow – weak open down into the 11s and finds a bid again, heads up. Going into day with an open mind – if gap up/open jam, I like the short into the 15s area, but weak open and 11s hold, I like the long idea. .
LJPC: Nice fades last two days as expected. The fade seemed to stall at 10 though, I could see this rallying tomorrow as well. The company & drug are nothing material but that doesn’t stop the price action as we know. So if weak open hold, look for this as a decent long idea tomorrow. If it opens strong, I wouldn’t chase it, and not overly excited about the short again just yet, so probably an ignore in that scenario.
NBY: What a crazy move. It’s obviously a worthless perennial shitbag, but probably not a straight run back down to sub 1. Looking for a push into 3 tomorrow and like the short around there, weak open would not chase it.
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See you out there!
– D
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