1) $AMRX receives abbreviated drug app approval (3.48) S T U P I D!!!
Stock Gaping up +1.20 DO NOT BE A BUYER UNLESS YOU GET $5+ WITH 500K-1 MIL BUYER, otherwise imo this should simply pop and lower lows set in then allllllllllll day gap fill fade back to $3.70 and under.
2) $LOVE Earnings Mixed (14.50)
Stock Gaping down -2.00 would nibble LONG at $12.50 area room to $11.50 if it pulls looking for the stock to rebound back to $13.50-$14 area or more then top off then slow all day fader on it, If this yanks at open be a buyer at $11 this should rebounce back to $12.50-$13 on it
3) $LMPX Pre/Ceo discloses purchase of 132k shares at $13.15 (15.38)
Stock Gaping up +4 IMO this is nothing more then a pop and slow gap fill back to $16 and under CEO bought the stock at $13.15 so why are you paying $19 today on it. S T U P I D any pops at the open towards $20 is a gift imo to more range to the downside, ENJOY
4) $FORM Earnings Beat (23.75)
Stock Gaping up -$1.25 like to see this small pop at the open towards $26+ are scale in short like to see this gap fill back to $24.25-and under bottom curl it then slow all day move to the upside, if this gap fills to $24.25 and under bottom curl it then all day move back to pre-market highs
5) $CIEN Earnings Mixed Changed sentiment on then ConfCall (35.41)
Stock Gaping down -1.5 should have covered in Pre-Market at $33.75 from our $35 short, now we play small squeeze at the open to $39-$40 scale in short, once this breaks $38 and under at the open we should see some nice profit taking back down to $36-$37 and under, let this set up, remember UBS trapped a lot of shorts that couldn’t cover in pre-market on there $31 call so this could squeeze past $40+
6) $PLCE BofA out with a UNDERPERFORM rating and $45 PT (53.41) OUCH
Stock Gaping down -$.50 would take some short at $53.75 add on any pop at the open then look to scale in short and fade this all day to $48-$50 and under, more this pop at the open watch for topping then all day fader on it.
7) $TSM Gaping up on NO NEWS! (55.90)
Stock Gaping up +2.00 would nibble small short at $57.90 room to add on any pop once this snaps $57.40 area we should get a nice 1-1.5 gap fill sell off pullback on it for quick easy money, once this gap fills or comes close, bottom curl it then slow all day move to the upside
8) $NDSN Earnings Miss, comments on guidance very negative (167.00)
Stock Gaping down -$6 NO MM’s on it yet, I would love to see this dump right at the open to $153-$155 and under then bottom curl it then quick 4-5 point short cover pop then slow all day fader on it, if this pops and gap fills to $164-$165 area the open scale in short and look for an all day fader to the downside. Lets see how it opens traders. I WILL BE PLAYING THIS
9) $LULU Earnings Mixed (233.19) Multiple increase in PT across the board to $250-$260
Stock Gaping down -$10 imo this should simply gap fill at the open and weakness should be bought up and then grind out around the $230-$233 area, if it pops through $233 yesterday’s close then we see $237 on it, IF this yanks again at the open hard I would love another shot at the $221-$223 are bottom curl it then slow move to the upside.
10) $NFLX Down cause not a lot of people want to watch a 4 hour movie (298.93) STUPID
Stock Gaping down -$3.5 imo this should simply gap fill back to $298+ area then slow fader 2-4 points, if for some stupid reason this drops to $290-$292 at the open would bottom curl it then slow all day move back to yesterday’s close
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Notable Calls:
$ADSK JP Morgan out with a Underweight with $175PT (179.64) Like to see quick gap fill pop at the open back to $177-$178+ top it off then all day fader on it, if this yanks right at the open to $170-$172 bottom curl it then slow all day move to the upside for 4-5 points
$ANSS JP Morgan out with a Underweight and $228 PT (251.63) I WILL BE SHORTING THIS TODAY NO MM’s on it yet. OK!!! Now if this opens anything at $248-$250+ area scale in short and fade it all day for nice nice nice range, if this opens at $240-$245 hard snap go long on it and bounce it on short covering for 4-5 quick points or more.
$$MDGL Yesterday’s #OFFERING at $107.50 (99.80) Told you all to over night this baby looking for some recovering back to $103-$105 area if this yanks at open I will be a buyer at the $97-$98 level for a nice rebound for several points. More it pulls more I smile for better range to the upside, but I love $99-$100 on this stock
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