1) $MDGL Prices 1.2mil at $107.85 #OFFERING (118.50)
Stock Gaping down -$14 I like the $104 area room to $102 at the open would love to see the stock rebound back to $108-$110 should be fun for range today. Offering is small and should give us 5-7 points. I will be playing this today
2) $GME The beginning of the end for $GME (6.51)
Stock Gaping down -1.25 I’d like to see small pop at the open towards $5.50-$5.70 area then alllllllllllll day fader take it below $5 and under, if this snaps at the open towards $4.50-$4.75 watch for a few shorts to come in an cover this to $5.25-$5.35 area then top it off and let it grind out, more this pulls at the open better for us for at least 1-1.25 points on short covering.
3) $UNFI Earnings Mixed (9.87) reaffirms guidance
Stock Gaping down -$1.60 like to see this rebound back to $9.50-$10 spot then all day faerm if this yanks at the open to $8 and under I WILL BE PLAYING THIS ON SHORT COVERING 1 POINT SQUEEZE
4) $XERS Phase 2 “Study” positive (9.00) S T U P I D
Stock Gaping up -$1.50 any pop inmo will simply slowly gap fill this back down to $9 an under, I would love to see newbie traders outside of #ACT buy this up to $10.50-$11+ then scale in short for an all day fader, if this snaps to $9 and under wait for bottom curl then you can play .50-$1 on it to the upside
5) $PLAY Earnings Mixed (39.99) narrows guidance….whatever that means lol
Stock Gaping up +1.10 let it rush at the open to $42-$43 area then look for 1-2 point gap fill pullback then slow move to the upside, if this simply yanks at open to $40.25 and under I would be a buyer and slow all day move to the upside
6) $PLACE The beginning of the end of $PLCE There done (70.66)
Stock Gaping down -$12 DO NOT BE A BUYER UNLESS YOU SEE $60 AT THE OPEN then quick push to $64-$66 top it off then all day fader, if this snaps at then open hard watch the $55 and under area for shorts to come in and cover, by this afternoon we should start seeing analyst coming in to downgrade the stock I didn’t need to even read this report to determine how this stock is going to play out today
7) $OLLI Earnings Mixed (60.30) Multiple PT upgrades Investors happy w/report
Stock Gaping up +6.10 I like to see this pop towards $68-$70 at the open, I will explain in secret sauce later, everything I have read tells me a squeeze is coming at the open, however if by chance we gap fill this back down to $62-$63 and under at the open scale in long for an all day slow move to the upside I WILL BE PLAYING THIS TODAY
8) $CHH Joining S&P Mid Cap (97.28) Great for Shareholders
Stock Gaping up +6 Like to see this pop a little more at the open towards $105-$107 area then we get a nice gap fill pullback I don’t see more then $99-$100 on the gap fill then fresh investors will come in and start loading, new funds will start buying slowly, if this yanks at the open to $99-$100 I would be a buyer on the stock for a nice upside move
9) $TSLA Gaping up positive comments from Baird (348.84)
Stock Gaping up +$5 Like to see this simply slowly gap fill back down to $349-$350 at the open then slow all day move back through pre-market highs, if this pops at the open to $354-$355 would scale in short and look to take this down and gap fill it to $350 on it for nice points
10) $BA Negative comments and delays from FAA Chief this morning (347.90)
Stock Gaping down -$6 OK, be careful, I like it here at $342 long give it room to pull at the open stops at $339 if tf $339 hits then we see $335 then we nail it long, if this pops at open then cash out to $344-$345 then stock should slowly sell off . This will be interesting at the open. so play small but once we get that bottom curl we are good to go for 4-5 points to the upside
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Notable Calls:
$FTV Morgan Stanley out with an $91PT Upgrade from $70 (73.84) Gaping up +1.5 like to see small pop at the open towards $76-$77 then look for gap fill pullback to $74.25 and under bottom curl it then slow all day move to the upside. More this gap fills better the range to the upside. Higher it pops better the short for us, but make no mistake this should gap fill
$AEO Earnings Mixed (15.12) Gaping down -$1.40 Like to see a little more sell-off at the open towards $12.50-$13 and under then 1-1.25 pt short cover pop then let it grind out, the more this pulls at the open better the range for the squeeze, if this pops at the open no more then $14.50-$14.75 tops then all day fader on it
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