1) $FOMX Phase 3 “Studies” Met Primary Endpoints (4.49) This is nothing more then a SHORT
Stock Gapping up +1.50 short short short short anything or any pop at the open look for a complete and full gap fill to $4.50 and under. There is NO LONG on the stock! Period
2) $ICHR Earnings Miss (19.28)
Stock Gapping down -3 would long it at $16.50 looking for a nice push possibly to $18+ out of the gate before it fades off, if this pulls hard at the open towards $15 go long on it stock should bounce
3) $MB Earnings Miss (32.63)
Stock Gapping down -$8 would take some LONG on the $24 level look for a push at the open towards $27-$28+ watch for topping then look to fade it, if this yanks at the open to $22.50 area go long on it shorts will cover it
4) $NBLX Earnings Beat (35.60)
Stock Gapping up +$6.4 I like to see a little more pop at the open towards $43-$44 then top it off then look to short it and gap fill it back down to $37.50 and under on profit taking, Higher it pops better the fade if this sells off cover your short look for that $37.50 area and under
5) $ETSY Earnings Beat (40.43)
Stock Gapping up +$6 I like to nibble a few short at $46 room to $48 POP at the open watch for topping on it stock will squeeze traders so if you want to simply wait for the pop let it but once it breaks $45 area I think we get a nice pullback to $42.50 and under on it
6) $MTCH Earnings Miss (51.47)
Stock Gapping down -$7 I like to see this pop at the open towards $46-$47+ then top it off then look for a nice fader on it, if this pulls at open to $42 area would look to get in there and bounce it on short covering
7) $KORS Earnings Miss (57.45)
Stock Gapping down -$9 would nibble a few long in the $48 area room to $46 at the open think shorts will want to come in and cover right away possibly to $52-$53 on it if this yanks hard look for the $45 level for buyers to come in and short to begin covering let it set up
8) $TWLO Earnings Beat (71.02)
Stock Gapping up +$13 nice short off the $84 to $80 now lets see if pos again this time thru $84-$86 if it does I will be looking to short this and fade it back down to $75 and under, if this begins to fail and pull look for the flush at the open towards $75 and under bottom curl then go long
9) $INGN Mixed Earnings not a total miss Needham reiterating BUY with $280 PT (193.30)
Stock Gapping down -$38 POINTS nibble a few at $158 area if it pulls at open to $150 would add a few keep it small stock has room to pull I’m betting shorts or fresh buyers may come in and try to squeeze this higher I like to see a $170-$175 on it before it tops off and fades, so ideally I like to get the push out of the gate, if not I will be eyeing the weakness at the open if it pulls again
10) $MED Earnings Miss (214.88)
Stock Gapping down -$41 POINTS wow…I like to see this pop slow at open to $179 then look for a 5-10 points push on short covering would love to see a $185-$190 squeeze then top it off and fade it, IF this yanks at the open to $155-$160 area I would be a buyer down here and play the 10+ point bounce on it
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Notable Calls:
$TLRY Gapping up on Market (106.86) Has range again Gapping up +$8 like to see a squeeze at the open small one to $115-$117 then look for topping short it back to $105-$107 and under on profit taking then look for a nice slow play back to $118-$120 on it
$JAZZ Misses guidance (164.41) Gapping down -$11 I like to see small pop at the open towards $158-$160 then look to top it off then look for the fader on it, If this yanks at the open $149 level and under nibble long on it and play the bounce 5+ points
$DXC Earnings Miss (72.21) Gapping down -$5 like to see small push out of the gate towards $69+ area then watch for topping on it then look for all day fader on it. if this yanks at the open hard to $65 and under nibble long on the bottom curl then look for 2-4 points off the bottom
$Z/$ZG Missed on guidance CFO leaving (41.06) Both stocks down -$8 POINTS look for a pop at open would consider taking a few at $32 on both with room to $30 to add looking for a 2-4 points push out of the gates then look for topping on it then all day fader higher it pushes out of the gate we make good money then we fade the topping
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