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ACST: Pretty tough to trade this one today. When $3.00 broke midday I thought for sure $4s were coming. Not sure what to think of it for tomorrow. Reality is anything can happen. Will be looking for a morning jam / stuff on $3.50 for an unwind. Not really interested in the long setup unless we get a gap down + SSR in the morning.
XNET: Reality is this is just a squeeze. But that doesn’t mean it can’t do $25+ … Will be looking for a morning blow off ideally $21.00-$22.00 range for the short. If it opens weak it will be an AVOID for me. This stock has a habit of trapping traders who chase weakness.
EKSO: Another day another trap in this market. Looking for a morning shove $3.20s-$3.50s for the short. SSR is on, so this will be a “nail and bail” for me. Not looking to get cute with it.
SNAP: Finally came in today. I have a swing short from a few days ago. Looking to add size short in coming days risking it all on $13.00 … I think we see single #s near term.
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