1) **$MBOT Decent PR this morning nice volume former runner (2.40)
Stock Gapping up +$2 like to see rush at open towards $5 area or more then let it sell off to $4.00 and under, if this yanks hard at open and dumps to $4 and under, its ok watch the bottom curl around $3.50-$3.75 area if it holds this should run through $5-$5.50+++++
2) *****$PCG Looming BK coming in 2 weeks (17.59)
Stock Gapping down -50% OK…….Listen IMO this should pop at open through $10+ before a sell off begins, this is a little tricky because PCG has a shit ton of assets so thinking this is going to 0 or pink sheets because of the “Q” coming it’s NOT going to happen, I think this news is a stance to get help from the government. This is a tricky trade, but in the end I like this to move up towards $11 spot today, if this yanks at $$7.50-$8 at the open I am a BUYER!!!! and I will hold the stock on a swing
3) $TLRD Earnings Miss (14.68)
Stock Gapping down -$2 I like to see this pull a little more at the open towards $11.50-$11.75 if it comes then long it on short covering to $13+ then top it off then look for a nice fader on it, if this pops at open expect a solid push to $13.75-$13.95 area then it should top it off then look to fade the stock back to lows
4) $YETI Earnings Beat raises guidance (16.72)
Stock Gapping up +$2 like to see solid pop at the open and squeeze this towards $19.50-$20 if it comes then look for a nice profit taking sell off to $17.25 and under, if this sells off and pulls at the open to $17.25 and under then watch for bottom curl on it then look to go long
5) ****$CVNA OMG!!!!!! Morgan Stanley out with a $23PT Damn (36.80)
Stock Gapping down -$2 took a starter short at $34.75 will add on gap fill pop like to see $36+ on it then I want to fade this all day long to lows, if this pulls at the open to $32 and under I will cover what I have and bounce it, this is a very significant call from MS so I want to short this today
6) ******$WDC Evercore out with a nice PT downgrade to $30 from $35 (40.03)
Stock Gapping down -$2 I would prefer to wait on this to pop at open through $39 area then start building a short position on it then look for a nice fade all day long, if this pulls at open to $36 and under would long it and bounce it for 2+ points I want this to short today but will have to wait for this to set up for us
7) $SQ goes with the market (66.23)
Stock Gapping down -$1.23 I ike to see small pop followed by a nice dump around $62.50-$63 area an under then should bounce back to $65+ then grind most of the day. Like to see this make quick money at the open and flush it, bottom curl then long.
8) $ATHM China weakness today stock is down (78.31)
Stock Gapping down -$5 I like to see small pop at open then decent sell off on it to $70 and under then bottom curl on it, if you buy it here at $73 I think it pulls on you first then we go long, Lots of negative China news, so today I think it gets hurt a little more before buyers come in like Friday
9) $LULU Raises Guidance (132.16) This should catch shorts off guard today
Stock Gapping up +$4 I like to see pop more at the open towards $137.50-$139.50 area then top it off then look for a nice slow gap fill fade back to $134 and under, if this yanks right at the open to $134 area I would be a buyer on the stock
10) ******$NTES Barclays out with $300PT from $270 (243.42)
Stock Gapping up flat I like to see a nice pop at open to $247-$250+ area then SHORT it and taking it down with market pulling this should have a nice sell off to $235 area and under. More it pulls better the bounce. If market continues to slide this will just sell off all day long even with the upgrade
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Notable Calls:
$BA gaping down (352.90) gaping down -$5 I like to see small pop at the open towards $350 then decent pullback to $340-$345 and under then bottom curl on it then slow move to the upside
$NFLX Everyone Buying this into Earnings (337.59) Gaping down $5 think this will pop and run to $339-$341 at the open then watch for a decent sell off pullback to $332-$334 area bottom curl it then slow move back to highs (Let it set up)
