1) $MRTX #OFFERING Priced 1.6 Million at $62 (62.47)
Stock Gapping up +$2.5 STUPID STUPID STUPID anything over $64.50+ at the open imo is nothing more then a SHORT to $62. I did a few myself, stock only has done 20k and its up over 2 points with 1.6million to go. Okkkkkkkk so what do we do. SHORT it, so keep an eye on any pop out of the gate on this for a topping and a solid short sell off. I will play it again!
2) $SIG horrific December Numbers Straight up Missed it (33.36) Long a Few at $26.50
Stock Gapping down -7 points imo this should bounce to $29-$30 at the open then look to fade it for an all day back to lows. If this yanks at the open to $25 level safe to assume shorts will come in and cover their for a nice 2-3 point bounce on it, Like $EFII yesterday
3) $LMFA Gaping up on 8k Filing most small cap rooms will be pushing this (1.42)
Stock Gapping up +.60 would love to see this get through $3-$3.50 at the open then look for a nice slow all day fader on it, However volume is VERY thick so stock has room to run, don’t get in to early on the short let it show you, volume is nice for this to pop and run. So let it.
4) $RVNC #OFFERING 5.8 Milllion at $17 (18.11)
Stock Gapping down -.24 cents I would take some SHORT at $17.80 room to add at the open then look for a nice sell off on the stock to $17 and under this should flush quick and hover around $17-$17.25 all day imo
5) $LPCN Achieves Meaningful Fat reduction results (1.59) SOOOOOOOOOOO????
Stock Gapping up +$2 this is stupid even being up above $3.50 this should be nothing more then a simple pop and fade for an all day sell off back to $1.65 and under. This is stupid being up
6) $CARS announce Strategic talks (23.16)
Stock Gapping up +$2.40 I like to see small pop at the open maybe we get through $26-$26.75+ area then look for a nice slow sell off gap fill to $24 and under, I would love to short it now, but think it might pop at least a point or so, but love to see this get higher highs then the lower lows set in and we fade it all day
7) $SEDG JMP Securities (Solar Guys) Put a Underperform with $31PT (37.35)
Stock Gapping down -$2 points imo this should sell off today, so watch the open down -2 already could flush easy to $33.75 area and under then bottom curl it then long it on short covering bounce to $36+ area then look to short the stock if the stock gap fills at the open to $36.50+ or more would look to short the stock all day fader
8) $FUL Earnings Miss (43.40)
Stock Gapping down -$4 I like to see a little more sell off to $35-$37 area if it comes then bounce it for 2 solid points or more, if this pops at open on short covering to $41.75-$42.50 I would lean into this short and look for an all day fader on it.
9) $CSX Earnings Miss (65.38)
Stock Gapping down -$2 I like to see this pull at open to $62 level and under then bottom curl then long for 2 points, if this pops at open to $64.50-$65 scale in short for an all day fader back to pre-market lows
10) $NFLX More range play in it with #Earnings TODAY (351.39) THIS IS THE DAY!
Stock Gapping up $2 I like to see small pop at the open to $355+ area then scale in short for a decent pullback to $345-$347 area then bottom curl on it then look to go long, Market should pull this down for fresh buyers to come in, should be fun
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Notable Calls:
$ATHM with the market gaping down on MS numbers I like to flush this to $67.50 and under then look to go long the stock for a bounce to $70 if this pops at the open through $71 area I would short it for a nice fade on it
*****$EA Jefferies cut this stock from $139 to $95 bucks WOW (89.92) Gaping down -2.5 LONG at $87.50 gap fill it back at the open over $88.50-$89 area scale in short look for an all day fader on the stock. Should be fun on the short side
$PCG Let me know simply if this sells off today anything in the 6’s let me know. Thank you
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