SaverOne ($SVRE) is flying high this morning, up 126.10% after signing a term sheet to enter the military drone market. On paper, calling it a defense contractor sounds incredible to retail. In reality, it's a $5M market cap company buying a stake in another small venture, and the historical data suggests the excitement is short-lived. In 19 prior gap-up days for $SVRE, the stock has closed in the red 74% of the time, with a brutal average decline of over 10% from the open. Chasing the pre-bell defense pump might just turn your portfolio into a casualty.
Let the retail crowd play hero while you stick to the numbers.