Tough to say on SNDK, if the "former boxes" are important, then SNDK should be trading in the $58.5 to about $64. Shorting at $60 assumes that this morning move is a fake run above $58.5 (which it could very well be. I think that the $58.5/$64 box is effective, so I actually just bought it here (SNDK) at $59.50. That replaces SSTI which I just sold here at $11.65 for just the $.65 (6% which will amply cover the potential loss on SNDK if I get stopped on a swoon under $58.50...)
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