1) $KMT Earnings miss Lower Guidance (30.71) Great Call from Janni to LONG at $23 a share!
Stock Gaping down -$8 Overdone Traders Perfect to BUY at $23 a share in Pre-Market like to see a little more pop at the open now if it comes towards $29+ then to watch for topping then slow fade 2-3 points tot the downside, if this pulls hard at the open again back to $21-$23 level bottom curl it then slow move to the long side
2) $BYND Gaping down on early weakness, NOW News with $DNKN replace Sausages (109.99)
Stock Gaping down -$4 Long the $106 weakness on the news, like to see the stock push a little more at the open to $116-$118 top it off then look for 4-5 point gap fill pullback on profit taking, This is great news but imo higher the pop at then open this should come down on profit taking especially the overnighters on Friday this is great news for $BYND
3) $BIMI Joint Membership cards with pact with Chongqung Pharmaceutical (5.60)
Stock Gaping up +$2 would like to see a little more squeeze at the open wait do NOT long unless you get through $8.10 at the open then get nice push then we can run it but we need the buyer, if lower lows set in and this breaks $7 then slow move all day long for a gap fill back to $5.75 and under
4) $COTY Explore Strategic alternatives (10.12) Stupid last minute ditch imo to get interest
Stock Gaping up $1.10 like to see a little more squeeze at the open towards $11.75-$12.15 area at the open then top it off then slow gap fill fade right back to $10.50 and under, if this yanks at the open to $10.50 and under bottom curl it then slow all day move to the upside back to pre-market highs
5) $MFGP Chatter news NOT considering Acquisition with $OTEX (15.17) CO. STILL IN PLAY
Stock Gaping down -3 IMO this is nothing more then a posture move and this should be bough back up on weakness would nibble small long $13.50 room to $12.50 at the open bottom curl then slow all day move back towards $14.75-$15 imo. More it pulls better the range to the downside
6) $FSCT Corvex Management discloses 7.2 active stake with Jericho Capital 13-D (25.45)
Stock Gaping up +$4 would nibble small short at $29 area room to $30 pop at the open watch for lower lows to set in, imo this should pop and fade back to $26-$26.50 and under, if this yanks right at the open and gap fills LONG the stock off the bottom curl after you cover, imo this should pop and slow all day fader back down to Fridays close, let it set up and show you
7) $YNDX Reports government eased foreign ownership (29.76) TOP SHORT IDEA
Stock Gaping up +3 imo this should be nothing more then a small pop at the open then slow ALL day short slow fade back to $30-$30.25 if this breaks $32 at open small pop then continue downside, more it pops IF it does the better the range to the downside
8) $SGEN HER2CLIMB Met with Top Line Results (87.40) NO UPGRADES YET!!!
Stock Gaping up +$11 I would nibble very small at $98.50 room to $100 watch for the $96 break we should gap fill this back down to $90-$91 and under imo, higher it pops better the fade, if you wish to wait for the $96 touch pull then do so, once it breaks $96 we should get the rest to the downside and fill some of this gap
9) $ROKU Barrons out this weekend article to be cautious on $ROKU (129.94)
Stock Gaping down -$3.50 like to see this simply gap fill right back to Friday’s close and possibly a little more to $130-$132 area top it off then look for a nice 3-5 point pullback on it, more it pops at open and gets close to the Gap fill plus a little more then watch for a nice fader and pullback on it, I would love for this to sell-off to $125 and under then we can watch for bottom curl. Stock has range for us today.
10) $BA Disastrous going on Plus now CS out with $323 Downgrade (344.00)
Stock Gaping down -9 This should see more bloodbath HOWEVER remember the $320-$325 level will be the loading up opportunity, YES YES YES BofA UBS CS all have $370 and under PT but this will pass, for today for us, if this yanks at the open towards $$330 and under look for a nice 4-6 point short covering an fresh new buyers to pick up shares down there more this pulls better the range to the upside. If this pops at open watch the $340+ as topping then all day fader back down to lows and more!
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Notable Calls:
$NFLX Gaping down on Market (275.30) Gaping down -$4 would like to see gap fill pop at the open to $274-$276 then top it off then slow fade I would love for this to break $270 and head to $265 today, if ROKU is down imo NFLX should head lower, wait for this to show you and once it breaks to the downside nail it
$PUK Gaping up on EU strength (38.83) Gaping up +$3 would nibble short the $41.50 area and look for this to gap fill right back to $39-$39.25 and under and be done with it, if this yanks hard at the open and gap fills then look to go long on it back to pre-market highs
