1) $GWPH Earnings Miss BUT Piper out screaming BUY the weakness today (134.75)
Stock Gaping up down -$16 would nibble small long at $118 area room to $115 bottom curl it like to see this get through $125+ if this shoots out of the gate sell into it for points then top it off and fade it, imo $GWPH ususally gets bought up on weakness so watch for the initial pop at the open. If this pulls at open at all to the $115 area and under…TRUST me this will be scooped up
2) $SUPN Earnings Miss + Phase 3 Miss (29.13) Jeffries cuts to $23/46
Stock Gaping down -$7 like to see small push at the open off the $21 area to $23-$25 top it off then all day fader on it, if this yanks at the open watch the $19 and under for nice 2-3 point bounce on it, more it pulls at the open better the range for us for the upside short cover squeeze
3) $ATUS Earnings Miss lower guidance (31.35)
Stock Gaping down -$5 if this pops at open through $27 take a few long let it squeeze to $29+ top it off then all day fader on it, if this yanks right at the open watch the $24-$25 area for a solid 2+ bounce on it on short covering
4) $PLT Earnings Disaster (39.44) Guidance cut over 1/2 PT out there are $35 to $44 from MS
Stock Gaping down -$10 IMO I would love to see this yank right at the open to $25 and under before we see ANY kind of short covering for 3-4 points then top it off and fade, HOWEVER if this pops at the open on short covering to $31-$33 area watch for topping then all day slow bleeder on the stock (NOTE the Morgan Stanley $44PT from $58) Stock still has value but I want it to pull!
5) $WW Earnings Miss (37.51) PT reductions to $32-40
Stock Gaping down -$6 would actually nibble small long at $31 area room to $29 at the open if it pulls like to see the stock touch $33-$34+ on short covering squeeze then slow all day fader on it, more this pulls down at the open if it does the more the range for us to the upside. in the end I would like to see this get scooped up on weakness after reading the analyst reports
6) $FIVN Earnings Beat in-line guidance (55.43) don’t see much here to get excited
Stock Gaping up +$5 would love to see this gap fill back down to $56-$57 and under then bottom curl it then slow all day move to the upside, if this at all pops again at the open to $63-$64 area top it off and all day gap fill fade imo.
7) ******$MTCH Earnings disaster Piper sees floor at $52 a share (68.77)
Stock Gaping down -$8.77 I would love to see this smash at the open and pull down to $57 and under then bottom curl it then bounce it for 3-4 points, more it pulls better the range for us for the upside short covering squeeze, if this pops at all and short covers Max I see is $63-$64+ area top it off then all day fader, imo this will be like $SHAK yesterday small pop and fade, I’m hoping for an actual great pull at the open then watch short squeeze the crap out of it
8) *****$IAC Gaping down on $MTCH Numbers This is the Parent Co (222.05)
Stock Gaping down -$22 I would nibble small long here at $200 area room to $195 at the open give this room, once this pops through $201-$202 this will gap fill to $210+ and be bought up on weakness. More it pulls OMG!!!! better the range to the upside, imo this will push and we should see $210+ (REMEMBER A MONTH BACK $IAC WANTED TO DISTANCE THEMSELVES FROM $MTCH)
9) $NXTC THIS HAS NOT SOLD OFF ACTUALLY HIT $100 IN PRE-MARKET (92.22) Think 1 more Stock Gaping down -$7 at the moment, would not be a buyer unless we get to $90-$95 pop at th the open then quick chase to $100-$110 then pullback on it, if this pulls at the open watch the $75 area for bottom curl, IF YOUR A NEWBIE DO NOT PLAY THIS, THIS IS NOT FOR YOU. If we see $110+ we see $120-$125 imo so watch for it, this could get crazy, I think we have 1 more day in it imo
10) ******$VMC Earnings Mixed reaffirmed guidance (141.03) Think this is down too much imo
Stock Gaping down -$11 would nibble small long at $130 level room to $127 pull at the open stops at $127 think this gets through $132+ at the open then pushes straight to $135-$137 then tops off and slow fades, the more this pulls at the open imo this will be a nice 5-7 point bounce off the bottom. if you want to wait for the $132 confirmation then watch the opening pop when it comes and you can chase it for 3-4 points
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Notable Calls:
$INGN Earnings Beat BIG BEAT!!!! (59.32) Gaping up +8 like to see small push at the open to $72-$74 top it off then look for nice 5-7 point gap fill pullback on it this will NOT gap fill imo at all if this at all sells off on profit taking watch the $61-$63 area as bottom this did get bought into the last 20 days so keep that in mind, BUT the earnings were awsome so lets see if we get that pop at th open
$DVA Earnings Beat small upside guidance (62.44) Gaping up +$6 would love to see this pull small at open to $63-$64 and under then bottom curl it then slow move to the upside, if this pops at the open watch the $70+ area as topping then scale in short and gap fill this back down to $63-$64
