1) $DVAX Positive clear Data out JPM also seeing short term 30-50% upside on it also $27 PT (10.89)
Stock Gapping up +$2.5 would nibble a few LONG at $13 give it room to add on any pullback at the open then look for this to run thru $15-$16 quick then watch the pullback on it, this is really good news for $DVAX so once this sets up it should run nice today to the upside, watch the volume cause imo if they do a lot EXPECT an offering after the close or next day
2) $NETE Launches Compliant Solutions for Legal Weed Industry (4.01) Low Floater
Stock Gapping up +2.5 I like to see this push right thru $10+ or more at the open then watch for topping then look to fade this news right back to $6 and under, think every chatroom will be playing this at the open so the more it pushes better the play to the downside for all of us, if this bottom curls on the pullback and I see volume wait for the short cause this can run to $12-$15 quick
3) $CLGN announce living and commercialization deal with $UTHR (5.50)
Stock Gapping up $2.5 I like the news on the stock would love to see some sort of small pull at the open then watch for quick pop if this gets thru $9.5 again we could see quick push to $11+ on it before calming down and slow fader on it. If this yanks at open to $7 watch for bottom curl, news is good but a lot of bag holders dragging it down so lets see how it opens then we fade it
4) $MOMO Chines Names gapping (30.46)
Stock Gapping up +$2.5 would nibble a few short at $32.50 spot room to $33 at the open then look for a nice gap fill pullback on it to $30.75 and under then bottom curl then slow move back to highs should be fun
5) $BZUN Chinese Names Gapping (39.67)
Stock Gapping up +$2.5 would nibble some short at $42 area room to add at the open then look for a nice gap fill sell off to $40 spot and under then bottom curl then look to go long on it once it gap fills higher the open at the open better the short and gap fill on it
6) $EDU Gapping up on Chinese Names (61.07)
Stock Gapping up +$4 would nibble short $64 area room to $66 at the open then look for nice gap fill on it back down to $61.75 and under then look for bottom curl on it then slow move to the upside, once the gap is filled.
7) $HAS Earnings Miss (98.04) Remember last time all $HAS was gap fill on #ER miss
Stock Gapping down -$9 imo this will gap fill back to $$96+ area for whatever reason $HAS always likes to go up on good and bad earnings IF this pulls at all at the open look for the $89-$90 area and once buyers come in this will land you 4-5 points to the upside let it set up
8) $BABA Gapping up on Positive Chinese Names (142.93)
Stock Gapping up +$6 would nibble some short here at $148 room to add at the open maybe we get $150 tops then look for gap fill back down to $144 and under, if this yanks at the open then bottom curl it then look to go long on it back slowly to highs
9) $BIDU Gapping up on Chinese Names (191.92) SHORT this $197 area
Stock Gapping up +$6 would take some SHORT at $197 room to $199 at the open then look for this to gap fill back to $193 and under, Typically this gap likes to get filled more the gap better the fade for all of us.
10) $NFLX Nice added and overnight from $332-$335 Stock hit $337+ 2 Billion in senior notes (332.67)
Stock Gapping up +$5 but being sold off on the 2 Billion senior Notes, Glad I sold a big chunk at $337 would like to see this yank if we can get $330-$332 and under I would consider grabbing a few LONG on it then look for bottom push if this gets thru $336-$337 look for a push right thru $340+ at the open for quick money, more it yanks at the open if it does better the play for us all in here to the long side
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Notable Calls:
$ROKU Gapping up on Market up (54.09) I like to see small pop at open then slow fader back to $54 and possibly under then bottom curl then look to go long the stock for slow move back to highs, let this set up for quick pop and pull gap fill bottom curl then long on it
$CTRP Selected Chinese Names getting pushed this morning (32.63) Gapping up +$2 this should fade quick would nibble some SHORT here at $34.25 room to $35-$36 at the open then watch it for a nice slow fader back to gap fill or $33 and under. If it yanks at open cover and then bottom curl then look to go long the stock
$MRTX Company misses Phase 1 (40.01) Gapping down -$15 I like he $25 area as a quick buy to $30-$32 on short covering at the open, be careful with size, think shorts cover quick then we top it and fade it off but $25 and tad under seem to be the buying opportunity remember it’s only Phase 1
$PII Earning Beat (90.43) Gapping up +$4 imo this will pop and fade and gap fill back to $92 and under, I saw the report, not impressive to justify too much of a run on the stock so any pop at open towards $95-$97 imo will noting be more then a pop and fade back to gap fill
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