1) $PYX Citron tweet yesterday that stock should double still moving, told YOU all this was not done and to NOT to short the stock, to me this is a $TLRY in process (38.52)
Stock Gapping up +$10 I like to take a few nibble SHORT here at $48 level room to $50 at the open then look to gap fill some of this back down to at least $42-$44 level then cover then watch for bottom curl on it then look to go long on the stock for an all day slow move to the upside
2) $SEMG Goldman Sachs out with a SELL rating and $18 PT (21.90) Typical GS pop and gap fill to $21.50+ then look to short it
Stock Gapping down -$.90 we all know GS likes to fill half of there gap downs first before fading it all day, I like the call on it, so if you want to take a few short here at $21 just give it room to add on the pop at open the once it tops off look to fade the stock to $19.50-$20 and under on it
3) $KR DB out with SELL rating and $24 PT (29.35) This will be a slow mover all day long nothing fast
Stock Gapping down -.75 would take some short little here at $28.70 area room to add at the open watch for topping then basic all day slow fader to $27 on it, if this yanks hard at the open then look for $27 and under then watch buyers come in on it push it back up then look to fade the stock
4) $PZZA WSJ reports potential BUY out coming (50.42)
Stock Gapping up +5 to me this is nothing but noise, so with that said any pop at open towards $57-$59 imo is nothing more then a short to gap fill back to $52 and under, if this yanks at the open and pulls to $51.50-$52 would begin to nibble a few then look to go LONG the stock slow move back to $55 area, I think in the end this settles around $54-$55 level
5) $EBIX comments on change in auditor see FY19 significantly higher (58.10)
Stock Gapping up +3.25 I would prefer a pop at open then a full gap fill to at least $59.50 area and under, higher it pops imo more the fade on it, if this yanks right at the open and gap fills to that $59.50 and under watch for bottom curl then look to go long on the stock for an all day slow move to the upside, NOT a fan of after the fact audits.
6) $BLKB Lowers outlook horrible guidance Multiple d/g (90.01)
Stock Gapping down -$18 I would nibble a FEW long here at $71.50 give it room to $69 at the open once this gets thru $73.50-$74 think we rush quick towards $80 then we top it off then look to fade the stock, IMO after reading the report I don’t see this being down this low, However imo if this yanks to $69 and under I would be a BUYER and play the short covering bounce to $79-80 on it
7) $SQ Gapping down on Market pulling (86.06)
Stock Gapping down -$3 I would like to see a small pop at open to $85+ area let it consolidate if the market starts to turn green we will see this rebound back to $87-$89, if the market pulls red, scale in short and look for the fader towards $80 on the stock today, harder market pulls better the chances this is going to $80 today
8) $PPG issues downside Q3 guidance (109.58)
Stock Gapping down -$11 I like to see a pop at open on short covering to $104-$105 then top off then look for a nice short and all day fader on this, make no mistake this should get hurt up here, but wait for the open after initial pop, IF however this pulls hard at open to $95-$97 LONG it for a nice 4-5 points bounce for quick money this should be fun on range
9) $MHK JPM out with a SELL rating and $160 PT from $190 (169.35)
Stock Gapping down -$3 I like to see this pop just a little at open maybe thru $168 on some short covering scale in SHORT and look for an all day fader on it to $162 and under, if this yanks at the open to $164 and under, go LONG and bounce it back on short covering gap fill back to $166-$167 then look to re-short for an all day fader, this is basically wait for the set up on it
10) $TSLA Macquarie out with a $430 BUY Rating PT (250.56) Tier 4 firm imo
Stock Gapping up +$5 NICE overnight from $250 into close yesterday I would like to see this pop at open maybe thru $260+ then watch for topping then look for a nice potential sell off on the stock back to lows, HIGHER it pops better the fade fo us. If this yanks at open to $250 and under on Profit taking watch that bottom curl then look to go LONG on the stock for 5-7 points or more
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Notable Calls:
$NFLX Gaping down on the Market pull this morning (349.10) Gapping down -$7 would like to see a pop at open towards $350+ then look for a nice fade off, IF the market starts to pull this will drop pretty heavy back down to $340 and under territory, LIKE yesterday if this sells off look for that $340 and under as your base and go long off of it.
$MTBC Gapping up THIN On NO News I can find (5.10) IMO this is nothing more then a pop and all day fade, I can’t find any significant news on the stock so these $5.80 room to $6.40 at the open in case some pumpers want to chase it let it pop and simply fade off, no volume on the stock at all
$YI JP Morgan out with a BUY rating & $16 PT (11.39) this should pop at open ti $12+ then gap fill fade off then go LONG at $11.50-$11.75 stock should head to $13 on this NEW BUY rating with JPM
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$PEIX/GEVO Trumps message yesterday to EPA (BOTH gapping up) IMO any big pops at the open on both will simply just fade off, this is all just a speech and nothing more, doesn’t mean the EPA will do anything, hence why its already selling off this morning in Pre-Market so let them pop run, and then fade
