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rbswingtrader
Jul 22, 2021 4:28 AM

Buy the Rumor, Sell the news Short

Cassava Sciences, Inc.NASDAQ

Description

On July 29, 2021, the company will present new data from a phase 2 trial with simufilam, a potential first-in-class stabilizer of a structural protein called filamin A. On July 29 or before that i expect the stock to touch $150 where it would make it ATH and a new top and reverse. I would be looking to close longs take a short at that point for a reversal to below $100.
Comments
Thinus5422
Thank you for analysis.
anonymousdogehodler
didnt go well ... now whats next??
IK-Trading
Wow owesome prediction, I wish I would see that yesterday 😅
ashuji2
Would you recommend taking a long position in this stock now?
rbswingtrader
@ashuji2 i would only enter below 80. It will bleed down in a Zig Zag pattern. I@Might be able@TO short it again if it goes up to 120 in coming days.
lizwallst
you nailed it, great job!
rbswingtrader
@lizwallst thanks!
kindBoa59373
great
gustavorivas58
I will wait for those puts to go down.
Keep us updated on this one
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