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FriscoTrades
Aug 29, 2021 4:54 AM

$SAVA Gappy  

Cassava Sciences, Inc.NASDAQ

Description

Short attack or legitimate fraud ?

We've seen these claims before go both ways , High Risk High Reward here IMO . Entered credit spread 45/40P for 10/15 given the buyers stepped in at the 200MA very strongly. Wouldn't be surprised if this was trading back in the 100s or 20s by next week :) 99% of gaps get filled, just a matter of when ...
Comments
Waeil
Good Morning, I sold my position around $130 but could not resist buying the dibs, the company is standing behind and defending all claims which is a good thing. I'm agreeing with you that it will go back up again, hopefully we are correct and see some upside soon. Good Luck all.
FriscoTrades
@Waeil, thanks for the comment !
Chitanya_Chitturi
I am betting more towards the 100$
FriscoTrades
@chaitanyagoa, I don't like to bet ;) but I think a spread at support levels would make for a good trade idea
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