T — gap-reversal

Summary

Incredible 10% gap on this and other comms companies as SPCX starts to buy infrastructure to get into the space, since it's well positioned with its internet service. It capitulates in premarket and keeps going a bit more after market open, with volume rarely seen on this ticker. I wait for it to start bouncing off the last premarket bar to get in. Sold some as it approached the premarket support and tried to trail the rest, but I got stopped out. I didn't want to give it too much room since it didn't seem to want to keep going. Too much indecision around the marked level.