1) $UUU activist letter to prevent delisting possibly chatter news to buy out (2.01)
Stock Gapping up +2.60 OK do not buy this unless pop at the open to $5 WITH a 1.5million buyer get that then we go to $6-$7 potentially more if this simply small pops at the open and cracks under $4.20- stock should pull down at least another 1-1.25 to the downside, imo this will be in play today but in order for us to size in and make bank we need solid buying on it above $5 then we have fun
2) $TPR Earnings Beat (21.31)
Stock Gapping up +2.40 do not long this unless pop at the open through $24 then look for quick move to $25-$26 on it then watch for topping then slow gap fill fader back down at least 2-3pts to the downside, higher this pops better the range to the downside for us on it, if this yanks at the open watch the $21.75- $22 and under on the pullback then bottom curl and slow all day move to the upside on it
3) $SRRK Priced ONLY 2.9million at $39 on the #Offering for quick fill hence the Gap (43.43)
Stock Gapping up +3.20 LOVE LOVE LOVE THIS STOCK for today do not long this unless pop at the open to $47 then quick move to $50-$52 area ideally I want a decent pullback at the open to $41-$42 area or under then look for that bottom curl and solid move to the upside for 4-5pts or more
4) CCXI announced MIX Data (52.24) Thin
Stock Gapping down -7 do not long this unless pop at the open to $46 area then look for quick push to $48-$51 on it then be done with it, if this snaps which I think it will watch the pull to $39-$41 and under then watch for bottom curl push for 3-4pts to the upside on it
5) $PINS Earnings Blow out (49.25)
Stock Gapping up +15 do not long unless pop at the open to $66 then look for quick push to $68-$69 then watch for topping, for me I want to play the downside this is up A LOT so I will be looking for the short ideally watch the $63 snap at the open chase it there down at 3-5pts or more, this will NOT gap fill so throw that out, most we get on the downside is $58-$59 IMO lets see how it opens
6) $OSTK Earnings Beat (71.98)
Stock Gapping up +10 do not buy unless pop at the open to $83 clear that then look for quick push to $86-$88 then watch for topping on it, if this snaps at all at the open watch the $80 pull then chase it short to $75-$77 and under then bottom curl it and slow all day move to the upside, IMO this shouldn’t gap fill but if it gets through $75 you could get a few more dollars to the downside
7) $IPHI Merger with MRVL (110.97)
Stock Gapping up +26 do not buy unless pop at the open to $140 clear that then look for solid 8-10pt move to the upside, if this snaps $130 at the open chase it down to $120-$125 area and under then bottom curl it and slow solid move back up for 10-15pts or more.
8) TDOC Earnings Miss (226.94) Multiple PT increases this morning
Stock Gapping down -10 do not buy unless pop at the open to $220 clear that then nice quick move 7-10pts to the upside then be done with it, if this snaps at the open watch the $208-$210 and under then bottom curl it and slow move to the upside for 10-12pts or more
9) $SPOT Earnings Miss (276.14) NOTE Walls Street loves to buy this weakness so be aware
Stock Gapping down -18 do not buy unless pop at the open $265 clear that then quick push to $270-$275 then watch for topping on it then grind out, if this snaps at the open hard watch the $245-$250 and under for bottom curl and slow move to the upside for 10-12 pts or more
10) $SHOP Earnings Beat (1026.71)
Stock Gapping up +50 do not buy unless pop at the open to $1075 clear that then solid move to $1100+ if this breaks $1050 at the open wait for the pullback gap fill to $1030 and under then bottom curl it and solid move to the upside for 25-30pts or more
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Notable Calls:
$ZM another day of fun (516.01) Gapping up +4 do not buy unless pop at the open to $522 clear that then take it to $530-$535 then watch for topping on it then look to short it and pull it back down, if this snaps at the open watch the $510-$513 area and under for bottom curl and solid 10-15pt move to the upside as always
$NOW Earnings Beat (484.05) Gapping up +20 do not BUY unless pop at the open to $506 clear that then look for solid push for 15-20pts then look for topping on it, if this snaps at the open watch the $490-$493 area for bottom curl and solid all day move to the upside. This will NOT gap fill but if it comes down close we can get nice all day slow move to the upside
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