1) $HEPA positive results of PreClinical Study of Liver Cirrhosis Treatment (2.45)
Stock Gaping up 100% Nice volume should run today. I like the $4 area to nibble some long like to see push to $5-$5.50 if it comes, if this sells off at the open at all to $3.80 and under watch for bottom curl if it snaps $3.80 and lower lows set in should be a gap fill fade back down to $2.65 and under, I like the PR/NEWS on it
2) $BPTH FDA Clears IND Application (9.80) #LOL Stupid
Stock Gaping up +3.50 was up 6 IN the end this should simply gap fill back to $10-$10.50 and under, any pop at the open if it comes again to $14-$16 area top it off and look for a nice all day slow gap fill, this news was so stupid it deserved to sell off in pre-market
3) $NUAN Earnings Mixed Guidance (16.60)
Stock Gaping up +$1.25 any pop at the open towards $18 imo is nothing more then a nice short gap fill pullback if this yanks right at the open to $16.75-$16.90 and under bottom curl it then slow all day move back to pre-market highs
4) $BJ Earnings Miss (25.93) small downside guidance
Stock Gaping down -$3.40 would nibble small long at $22.50 room to $21 at the open if it pulls then look for gap fill short covering push to $23.50-$24.50+ then slow fader back to lows, more this gap fills better the range to the downside. If this at all pulls at open to $20-$21 I would be a buyer on that weakness and play it 2-3 points on short covering
5) $BZUN Earnings Miss (43.50) downside guidance
Stock Gaping down -$5 like to see small pop at open towards $41+ top it off then all day bleeder on it, if this yanks right at the open to $35-$36 area would scale in long and bounce it for 2-3 quick points the more this yanks at the open better the range for a nice short covering bounce
6) $PLAN Earnings Beat (49.15) Not really impressed with the upside guidance
Stock Gaping up +7 would take small short at $55.75 give it room to $57 pop at the open once this snaps $55 this should give us another 2-4 points to the downside, this will NOT gap fill but at least give us a few points, If for some stupid reason this pops to $59-$60 That should be topping on it then we really nail the downside on profit taking pullback
7) $CUB Earnings Miss (73.61) JP Morgan d/g to $67 PT Needham tags a $78 PT
Stock Gaping down -$11 would nibble small long at $62 room to $60 looking for short to cover take it to $65.50-$67 top it off then slow fader back to pre-market lows, if this yanks to $60 and under I would be a buyer and short cover squeeze it for nice 3-5 quick points
8) $JACK Earnings Mixed (84.81) authorizes 100 Million share repurchase program
Stock Gaping up +$2.75 like to see this squeeze a little more to $89-$91 top it off then look to gap fill sell off to $85-$86 on it, if this dumps at the open to $85-$86 bottom curl it then go long for an all day slow move to the upside
9) $CPRT Earnings Beat (84.92)
Stock Gaping up +5.10 would like to see small pop at the open towards $90-$92 then top it off then look for gap fill to $86 and under, if this dumps right at the open to $86 and under scale in long slow all day move back to pre-market highs
10) $KRTX Priced 2.6 million $96 a share (108.95)
Stock Gaping down -$11 GREAT BUY this morning at $96 bounced to $103, I would love to see this dump to $94-$95 at the open and under then a nice quick squeeze for 5-7 points, if this pops at open to $110-$113+ I would short it back down to $96-$98 a share. I WILL BE PLAYING THIS!
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Notable Calls:
$LRCX UBS Tier 1-2 Firm downgrades to sell with a $240 PT (274.13) Gaping down -8 BIG PT CUT so I would love any short covering pop at open to $270-$272 top it off then slow all day fader for nice points, if this sells-off and dumps right at open to $260 and under go long and bounce it for 5-8 quick points on short covering. IF YOU Take now short here at $267 YOU MUST give it room to $272 in the end this should fade nice today on this call
$TIF Renewed Chatter talks with LVMUY (123.33) Gaping up +$4 IMO this should simply gap fill back down to $124 and under then bottom curl slow move to the upside, if this pushes at open $129-$131 should be topping then slow fader back down to gap fill
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