1) $CGIX Earnings Beat + Looking for to explore Strategic Alternatives (2.08)
Stock Gaping up 200% do NOT Chase or BUY this unless you get $7 at the open with 500k-1 million buyer then you can push quick to $9+ then sell if off, if this small pops at the open then snaps $5 look for slow gap fill fade back to $3.50 and under, Think this is up a little too much but let the sheep chase it
2) $I Raymond James out with a Strong BUY with $12 PT (6.09)
Stock Gaping up +1.34 stock has room to $8+ a share like to see short cover pop then look for 1 point or more gap fill sell off on profit taking then bottom curl then slow all day move back to $$7.50-$8 plus, if this at all dumps at the open imo anything $6.50 and under is a buy and hold opportunity
3) $MYOV No Offering Yet, expect another day in it for more range/volume (12.92)
Stock Gaping up +$2 Like to see this gap fill and sell off to $13-$13.25 and under then watch for bottom curl then slow move back to Pre-Market highs, the more this gap fills in Pre- Market or at the open better the range for us to the upside, we need volume for this to push traders
4) $AMRN Oppenheimer out with a SELL rating and $7 PT (22.73)
Stock Gaping down -$1.50 to me any any any pop at open trying to gap fill to $22+ I would scale in short and hold it, Opp hates this stock says its worthless they area Tier 1 firm, if you take here short at $21.60 YOU have to give it room to pop in the end I would love to see this sell off all day long to $18 and under
5) $ARAV Positive Data Phase 1b/2 Trial (6.69) Nice short call from Janni at $29.10 a share
Stock Gaping up +23 Great call to short this, I like to see this sell-off to $10 and under, this is a Phase 1/2 Traders ridiculous this was even up there, Great Trade and call from Janni Moore, I would love to see this pop at open at all again to $18-$20 then top off and look to fade it again, Great pre-market short on $ARAV truly what your suppose to do on Phase 1/2
6) $URBN Earnings Miss (28.79) imo I don’t think it was too horrible
Stock Gaping down -$4.50 would nibble small long at $24 stops at $23.50 looking for shorts to come in and cover this and pop it to $25-$26 then top it off then slow fader all day, if this snaps at open to $21-$22 I would be a buyer on the weakness and look for this to short cover pop 2-4 points off that bottom
7) $PDD Earnings Miss (40.72) Guides lower
Stock Gaping down -$10 would nibble small at $31 area stock needs to push through $32 then quick pop to $34+ then Top off then all day fader on it back down to lows, if this pulls at open to $28-$29 watch for shorts to come in and cover 2-4 points. Start small lets see if we get the short cover pop at the open
8) $MGP #Offering 30million at $31.25 (32.49)
Stock Gaping down -$1.10 like to see this anything under $30.50 as a buying opportunity to bounce it, I would nibble small at $31 when it comes, but ideally being 30 million size I would like to see this smash to $30.50 and under before picking up any stock
9) $PAGS Earnings Miss (36.76)
Stock Gaping down -$1.76 Like to see small gap fill pop at the open to $36+ then scale in short then all day slow fader back down to lows, if this pulls hard at the open to $33-$34 area bottom curl it then pop it for 1-2 quick points top it off then slow fader back down to lows
10) $KRTX Still in play today 1 more day of range (123.99)
Stock Gaping up +19 Like to see this simply sell-off to $118-$120 and under then bottom curl once this pops at open at $128-$130 chase a few for quick move to $140-$145+ then be done with it, more the gap fills off the $143 area and fills the gap to $120 and under better the range for us once this pops and opens. The more this sells off better the range for us at the open on short covering squeeze I WILL BE PLAYING THIS!!!!
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Notable Calls:
$LOW Earnings Beat Reaffirms Guidance (113.40) Gaping up +$5 like to see this pop and get thru $120-$122 then look for some topping and slow fade short 3-5 points on gap fill, if this snaps $118 at the open chase a few take it down to $116 and under then bottom curl then slow all day move to the upside
$ALC Earnings Mixed “in-line guidance” (59.09) Thin, like to see gap fill pop at the open to $58.50-$58.75+ then top it off then slow all day fade back down to pre-market lows, if this pulls or yanks right at the open towards $55 and under look for the shorts to come in quick and cover 2-3 points
