1) $MRNS positive Phase 2 “clinical trials” Cantor out with $25 PT already (5.17)
Stock Gapping up + $2.50 Janni nailed the short already, I would nibble a few long here at $5.75 area let it fill some gap give it .50 room on it I like to see the stock pop at open through $7+ I don’t see a lot of risk down here with the sell off already to $5.50 if this gets some serious volume stock has room to $8.50 to $9 I will be on this today
2) $AXSM Positive news on Alzheimer Therapy (2.95)
Stock Gapping up +$1.5 this morning from the moment I read this, all I saw was a short back to $3.10 and under, so if it pops again at the open then look for a slow all day fader on it let it set up again for us before sizing in on it
3) $KTOS Goldman out with a BUY rating and $20PT (13.64)
Stock Gapping up +$1 I like to see small pop at open then look to short this and gap fill it back down to $14 and under look for bottom curl take a few long then look for slow all day move back to $14.50-$15 on it. More it pulls better the play for us on the long side
4) $MGNX Partial Clinical hold (16.41) “Phase 1 studies” a basic slap on the wrist
Stock Gapping down -$3.41 would nibble a little long at $13 room to $11 then watch for bottom curl on this, this is a little tricky cause it could sell off more at the open but I’m banking on a bottom curl on it and shorts to cover take it back to $14+
5) $RARX announce top line results phase 2 trial. (16.46)
Stock Gapping up +8.50 I would be a buyer at $17 on this thin stock, gap fill it first or close to Friday’s close then take a few at $17 then look for a potential move to $19-$20+ on it watch for bottom curl and set up, if it doesn’t pop or move then it will trade flat all day, but I like how thin it is and how it popped nice in Pre-Market to $25
6) $NAV Goldman out with a sell rating and $23PT from $43 (28.69)
Stock Gapping down -$1 I like to see a dump at the open to $26.50 area and under then go long and bounce it back up gap fill it to $28+ then lean into it short for all day fader
7) $VC Goldman out with a sell rating and $63PT from $83 (67.59)
Stock Gapping down -$2.50 I like to see this dump at open to $63.50 area and under at the open then go long and gap fill it back to $67 area remember this is Goldman Sachs you know they like filling gaps before selling off so wait for it then lean into it
8) $FIVE Loop out with a BUY rating and $120 PT raised from $110 (95.58)
Stock Gapping up with MM’s showing $97+ at the open, this looks like a bottom play but do not buy this until you gap fill it to $96 and under again, wait for the sell off if this pops at open towards $97-$98 SHORT it and gap fill it should be an easy read
9) $NFLX I like playing this on market weakness will be scalping most of the day (265.14)
Stock Gapping down -$2 bought a few at $263.50 popped to $265 but I’m looking for a nice sell off to $255-$258 area will add into weakness and hold it for a nice bounce. I might be a little early but I like it when the market yanks this into the $250 range it tens to bounce nice
10) $TSLA Gaping up on 60 min Interview on Sunday (357.96)
Stock Gapping up +$8 would simply short this back down to $360 and under watch for bottom curl on it if market holds green this should go back up to $365+ if it doesn’t then should fade to $355 and under
____________________________________________________________________________
Notable Calls:
$ADBE I play this on Market weakness love to buy the dips (238.00) Flat I like to see small pop then sell off to $230-$235 area bottom curl it then look to go long and take it to $240 stock has range just wait for the sell off if it comes
$YELP looking for board overhaul (34.59) Gaping up with no volume +1 I would prefer small pop at open followed by a full gap fill back down to $35 and under then bottom curl it then slow move to the upside
$SQ Market pulling (60.78) Gaping down -.50 I would love to see this pull at open to $58 area then bounce 2-3 points, if this pops at open towards $62+ I would lean into it short and let it set up for us send it back down to $59-$60 cover then watch for bottom bounce
$MRNA SWING $19.98 will add on weakness if it continues to sell off and build a nice position
