Grading the books: our $TKNO short-bias call yesterday was a miss. It closed up 14% ($6.53). We record the data point and move on.
Let's look at $CPOP. It is gapping up 35.97% this morning on absolutely zero news. In 14 historical gap-up days like this, the stock has faded to red 86% of the time. That is not a guess; that is a base rate. Retail sees a cheap low-float name escaping gravity, but history sees a door about to slam shut.
On the other side of the tape, actual earnings are driving $DOCS up 74.73% while $TTD drops 29.09% on weak guidance.
We expect $CPOP to close red by Monday's bell. Let's see if the 86% historical fade rate holds.