1) $PCG Judge rules that will allow for consideration of ALTERNATIVE restructure Plans (10.98)
Stock gapping down -$3 THIS IS NOT GOOD FOR SHAREHOLDERS CLOSER TO INSOLVENCY I would like to see this pop at open towards $8.50 if it doesn quick push to $9-$9.50 on short covering then slow fader, if this yanks watch the $6.50 and under area and shorts should come in and start covering, remember last time when this hit $5 spot EVERYONE WAS LOADING UP LONG AND IT BOUNCE TO $8-10 THEN TO $15+
2) $BBBY Appoints Mark Tritton as President and CEO (9.94) Sooooo???
Stock gapping up +$2.50 IMO this should slowly gap fill back to $11 and under, although a nice change for the company let the stock pop at the open would love to see $12-$12.50+ watch for topping then slow fader back to $11 and under . If this yanks hard at the open watch the $10.50-$11 spot for fresh buyers to come in and walk it back up to pre-market highs
3) $FSCT Earnings Miss Cuts guidance (39.20) OUCH!!
Stock gapping down -$12 if this pops at the open through $30 chase some to $33-$34 then all day fader wait for this to set up, if this yanks at the open watch the $23-$25 area then scale in some long and gap fill it for quick 3-4 points you must let this show you. I would love for shorts to come in and cover at the open and push it then we can fade for the day
4) $PHG Earnings Miss cuts guidance “in-line” (45.68)
Stock gapping down -$4 like to see small pop at the open towards $43.50-$44 area top it off then slow fader back to pre-market lows, if this yanks at the open watch the $39.50-$40.50 area shorts should come in and bounce it slow all day move back through $42+ More it pulls better the range for us to the upside
5) $NTAP Goldman out with a PT reduction to $45 from $61 (51.37) OUCH
Stock gapping down -$3 would like to see snap at open to $46-$47 then shorts to come in and cover and squeeze it back through $50 spot top it off then look for a nice slow fader on it back through pre-market lows, if this pops at open GOOD let it push through $50 on short covering then top it off then slow bleeder, do not think this will gap fill but if we get through $50 should give us nice range to the downside on this call
6) $QRVO Cowan out with an upgrade to $90 from $75 (73.29) NO ONE CARES SHORT IDEA!!!
Stock gapping up +$3 would nibble some short at $76 area room to $77 top it off look for this to gap fill back down to $73.50-$73.75 and under then bottom curl then slow all day move back to pre-market highs……This is Cowan, toilet cleaners on the weekend Analyst…..
7) $MTCH Oppenheimer with Outperform and $89 PT (75.96) TOP SHORT IDEA for GAP FILL
Stock gapping up +$2.20 This should gap fill back to $76.25 and under then bottom curl it then slow all day move back to Pre-Market highs, remember this is like the 4th PT upgrade in the 90’s If this pops at the open at all watch the $79-$80 as topping then slow fader back to gap fill
8) $SWKS Cowan out with Outperform with $95 PT (80.71) This is Cowan Tier 10 firm LOL
Stock gapping up +$2 like to see small pop at the open towards $83.50-$84.50 top it off then slow gap fill fade back down to $81 and under, if this pulls at the open to $81 and under bottom curl it then slow all day move to the upside back to Pre-Market highs, simply let this set up for us. I would prefer a quick pop snap then gap fill
9) $UNH gapping down on Jefferies downgrade cut to $235 from $300 PT (222.08) OUCH!!!
Stock gapping down -$4 Like to see small push back through $220-$221 at the open then all day slow fader to $215-$217 and under, if this pulls at then open hard to $215 and under watch for shorts to come in quick and cover for 4-5 points to the upside
10) $SHOP Market pulling some today (313.85)
Stock gapping down -$1 like to see this pop at open towards $316-$318 area top it off then nice 5-7 point pullback bottom curl it then slow move to the upside, if this yanks at open watch the $301-$310 area as bottom then fresh buyers to come in and push it back up to $315-$317+
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Notable Calls:
$DAL Earnings Miss (53.92) Slower Traffic gapping down -$2 like to see small po at open towards $53+ then top it off then slow fader on it, if this yanks at the open watch thr $49-$50 area Conf Call coming in 30 mins then push back up to $51-$52 then slow fader after the call
$NFLX gapping down (267.53) gapping down -$2 like to see this pop and gap fill right back through $267 then nice pullback to $262-$264 and under bottom curl it then slow move to the upside, more this pulls at the open if it does better the range for us to the upside
