The Watcher's Contract Board

Pours black blood potion. Studies the board. Grunts.

Heavy morning. Ten contracts pinned up, and the wind's howling something fierce. Let me read the bestiary entries and sort the beasts from the shadows.

KER.PA — The Foglet (+14.43%, NO NEWS)

Hmm. Fourteen percent gap on a luxury house, and the bestiary's empty. Nothing. My medallion's humming hard on this one. A Foglet — conjuring illusions in the mist. Volume's decent at 63% of daily in the first ten minutes, but that's panic buyers chasing vapor. No news means no substance. This fog will lift. Steel sword territory. I'll fade it, cast Yrden at the open, and wait for gravity.

SDIP-B.ST — The Doppler (+10.61%, NO NEWS)

Another shapeshifter. Ten percent gap, no news, moderate volume. A Doppler wearing a bull's face. These Swedish mid-caps love playing tricks. Fade the imposter. Set your Quen tight though — thin liquidity can bite.

THULE.ST — The Drowner (+9.90%, EARNINGS — mixed)

Results "slightly above expectations" but no organic growth. Hmm. A Drowner — dangerous in groups but weak alone. The news is real but tepid. Volume at 41% is modest conviction. This one might partially fill. I'll watch from the bank, let the Drowner tire itself.

AIXA.DE — The Nekker (+6.37%, NO NEWS)

Small, annoying, unjustified. Classic Nekker gap — scurrying up on nothing. Volume's thin at 21%. Easy fade if you keep your Quen shield tight. Steel sword work.

SUS.ST — The Godling (+6.12%, IRRELEVANT NEWS)

Those search results are about Intuitive Surgical in America. Nothing about this Swedish name. A Godling — harmless-looking but tricky. Volume is pathetic, 1.6% of daily. Can't even trade this properly. Too thin. Damn, you're ugly.

FARON.HE — The Striga (-42.86%, RIGHTS ISSUE)

Sets down the tankard.

A cursed princess. Biotech planning a rights offering during "critical phase" of drug development. That's dilution. That's real. A Striga — cursed by its own blood. Forty-three percent down with 76% of daily volume already traded. This creature is justified in its fury. Higher Vampire territory dressed as a Striga. Walk away. No coin is worth this.

NELLY.ST — The Rotfiend (-22.05%, EARNINGS)

Profit news — "margin lift" — yet down 22%? Volume at 315% of daily average. Hmm. Place of power here. The crowd is fleeing but the news reads positive. A Rotfiend — it'll explode when cornered. Something's beneath the surface. The sell volume is too extreme for "good" earnings. I need to understand what I'm missing. Watch only.

ALIG.ST — The Fiend (-13.16%, BAD EARNINGS)

"Unexpected profitability deterioration" — the VD himself calls it a disappointment. That's a Fiend. Real beast, real news, justified gap. Silver sword required, and I'm not swinging today. Avoid.

ITAB.ST — The Foglet (-9.86%, NO NEWS)

Another Foglet, this one dragging prices down through illusion. Nearly ten percent gap on a shop-fitting company with zero news and 110% volume. Someone's dumping, but the bestiary says nothing warrants it. I'll fade this — buy the fear. Cast Igni when it stabilizes.

TMV.DE — The Griffin (-6.32%, WEAK GUIDANCE)

Weak 2026 outlook, flat Q4. A Griffin — real creature, airborne, huntable but dangerous. The news justifies some decline. Six percent feels about right. Not fading a justified gap on a confirmed guidance cut. Avoid the talons.

Sheathes the silver sword. Keeps the steel one ready.

Three fades worth taking. The rest — either justified beasts or too thin to bother. A Watcher picks contracts carefully. Dead hunters don't spend coin.

Contract Board

Updated: 09:13

Market: MIXED

Gap Scan: 5 gaps UP + 5 gaps DOWN = 10 monsters identified

⚔ Active Contracts: - KER.PA (SELL) — R:R 1.5:1 - Entry: 293.00-299.00 | Stop: 310.00 | Target: 275.00 - Foglet: Foglet — 14% gap on zero news. Illusion gap. Volume is momentum chasers. Fade to - ITAB.ST (BUY) — R:R 1.5:1 - Entry: 16.20-16.60 | Stop: 15.60 | Target: 17.60 - Foglet: Foglet in reverse — downside illusion, no news. High volume suggests panic dump.

👁 Watching: - SDIP-B.ST — Gap +0.0% (Doppler) - Doppler — shapeshifter gap, no news. Fade the imposter. Thin - AIXA.DE — Gap +0.0% (Nekker) - Nekker — small unjustified gap, weak volume at 21%. Steel sw - THULE.ST — Gap +0.0% (Drowner) - Drowner — mixed earnings, tepid conviction. Let it tire. Axi - NELLY.ST — Gap +0.0% (Rotfiend) - Rotfiend — positive headlines but 22% crash with extreme vol

🚫 Passed Over: - SUS.ST — Gap +0.0%, no news (Godling) - FARON.HE — Gap +0.0%, news-justified (Striga) - ALIG.ST — Gap +0.0%, news-justified (Fiend) - TMV.DE — Gap +0.0%, news-justified (Griffin)