1) $MTEM Enters Collaboration with $VRTX (7.26) Soooooooooooooo???
Stock Gaping up +1.00 THIN Lets see if this pops with volume at the open like to see a push to $8.50 for quick move to $9.50-$10 top off then gap fill slow fade back down to $7.75 and under, if this small pops at the open then lower lows set in, expect an all day slow fader back down to $7.50-$7.75

2) $DRNA announce an “agreement to discover” (19.30) OMG! You can’t make this shit up!?
Stock Gaping up +3.00 So stupid, would take anything short at $22 room to $23.50 pop at the open expect full gap fill to $19.50 and under, if this simply dumps and gap fills to $19.50 at the open then scale in long for a 1-1.5PT pop on short covering for quick money

3) $KRTX announce positive Phase 2 clinical of acute Psychosis (17.68) EXPECT grind for an ATM
Stock Gaping up +15 Nice SHORT Janni from $36 ro $30 well done sir. NOW!!! What to do. Look for a pop at the open through $35 if you want to take long some now at $32 take small but I do expect a quick pop at the open I don’t see more then $38-$40 IF this small pops at the open and lower lows set in, imo this will not come down no more then $27-$29 a share if it breaks that then we get $25 imo this will settle in an hour of the open and grind for a secondary offering. IMO Janni pulled off the easy money now for us we have to be patient for the set-up at the open

4) $WRK BofA upgrades to BUY from Neutral with $48PT (39.49)
Stock Gaping up +1.30 lookl for the stock to pop a little more at the open towards $41.25-$42 Tops lean into it short and look for nice gap fill back down to $40 and under bottom curl then slow move to the upside, higher it pops better the fade for us to the downside

5) $INMD Gaping up on NO NEWS (49.44)
Stock Gaping up +1.30 IMO would nibble some short here at $50.75 area room to $52 pop at the open look for the stock to gap fill back down to $49.50 and under bottom curl then slow move to the upside

6) $EIDX Phase 2 Open “Label” Extension “suggesting” long term tolerability (46.55)
Stock Gaping up +6.40 anything with a $52 handle on it and any push at the open to $54 imo this is nothing more then a gap fill short back down to $47.50 and under, I don’ think this will full gap fill, but at least we catch 5 points to the downside, higher this pops at the open better the range for us to the downside. Should be fun!!!

7) $ESTC Canaccord out with a $90PT LOL LOL LOL (74.25)
Stock Gaping up +$2.75 anything with a $76 handle in front of it add on any pop to $77.50-$78 top it off and look for full gap fill to $74.50 and under on profit taking gap fill, if this flushes right at the open to $74.50 and under bottom curl then slow all day move to the upside.

8) $FIVE JP Morgan out with a $143 PT added to Focus (119.64)
Stock Gaping up +2.10 Like to see a little more push at the open towards $123-$125 area top it off then gap fill it back down to $120.50 and under bottom curl it then slow all day move to the upside, more this pops better the range for us for the short, if this pulls hard at the open to $120.50 and under bottom curl it then slow all day move to the upside

9) $SPLK Morgan Stanley out with a O/W rating with $169PT from $140 (119.20) BUY 130-$135+ Calls 1 week out This is a BIG Call
Stock Gaping up +$3 would love to see this pop at the open towards $123-$125 top it off then look for some gap fill pullback to $120-$121 area then bottom curl then slow all day move to the upside, the more this pops the better the range for us to the downside. Remember to start loading on weakness this is an all week play

10) $NFLX Gordon Hasket feels something is coming big from either Ichan or Ackman (295.03)
Stock Gaping up +3.50 this is good for the stock would like to see some gap fill on in first to $293-$295 area at the open, more it pulls better the range to the upside, if this pops at the open towards $300 look for topping on it then look for nice 3-5 point gap fill pullback then bottom curl it then slow all day move to the upside, this should be fun today

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Notable Calls:

$WDAY Morgan Stanley out with a downgrade and cut to $180 from $219 (165.98) Gaping down -$3 would like to see small pop at the open to $164+ top it off then look for an all day slow bleed back down to $160 and under, if this snaps right at open hard to $158-$160 would go long and short cover this back up to $163-$164 top it off then all day fader on it.

$LK Like to see this give back some today (27.02) Gaping down -$1 point look for small pop at the open towards $27+ then watch for topping then look for nic 2-4 point pullback on it, if this yanks at all to $25 and under watch shorts to come in and cover for quick 1-2 points then top off then slow fader on it. Tricky stock here, BUT no upgrades or analyst calls simply I believe shorts added into all day friday for a decent pullback for today. Lets see how this opens 🙂

 

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