1) $PCG Governor of CA wants to reject BK plan (11.24)
Stock Gaping down -$3 think this is another BUYING opportunity at the $8 more it pulls at the open would consider adding on a swing idea back to $11-$12 . IMO PCG will modify and fix whats needed for the Governor to be happy, imo the governor is just posturing nothing more
2) $WVE discontinues suvodirsen with patients with DMD (37.60)
Stock Gaping down -$15 would nibble some at $14 like to see slow move to $22-$24 on it top it off then grind out, if this pulls hard at the open again towards $11.50-$12.50 I would be buyer on this bottom curl then slow short cover gap fill right back to $15+ Keep size small on this
3) $GOSS negative update from NVS (25.37) so what does that really have to do with $GOSS
Stock Gaping down -$13 I would be a buyer on weakness anything under $14-$15 would be taking long, looking for the stock to rebound right back to $20+ if this yanks at the open stupid under $12-$14 would be a buyer watch for bottom curl again and nail it long
4) $MU Positive notes from JPM Morgan and also Susq ups PT to $90 (51.20)
Stock Gaping up +1.70 would be buying weekly 55-57 calls on this upgrade would also like to see quick pop at open towards $54+ top it off then look for 2 point pullback bottom curl then slow all day move to the upside, if this pulls at open would be a buyer at $51.50 and under for all day slow move to the upside
5) $WDC Susq analyst out with a $90 PT from $55 (54.30)
Stock Gaping up +2.30 would like to see small pop at the open towards $57-$58 top it off then gap fill this back down to $54.75-$55 and under bottom curl then slow all day move to the upside. more this gap fills better the range for an all day slow move would be buying 58-60 weekly calls on this upgrade
6) $BMRN Update on Phase 3 “Study” (80.17)
Stock Gaping up $6.50 would nibble small short around $86 area room to $88 pop at the open once this snaps $84-$85 we should get the gap fill right back to $81-$82 and under. IMO this is nothing more then a pop and gap fill fade
7) $AXSM Primary endpoint met in Phase 3 trial (46.79)
Stock Gaping up +41 like to see small pop at the open towards $90-$92+ top it off then look for a 5-8 point pullback on it, NOW IF THIS PULLS AT OPEN TO $78-$80 WOULD SHORT IT REAL QUICK FAST FOR 5-10 POINTS AND THAT’S IT…..THIS WILL NOT GAP FILL SO GET THAT OUT OF YOUR HEAD. We have range but at this point now you wait for the set-up then we nail it for nice money. Like to see this come down to $70-$72 and grind out for an ATM in 48-72 hours
8) $SRPT another day for range on this stock for MORE upside (132.05)
Stock Gaping up +$5 would nibble small short at $137 area room to $139+ at the open look for this to gap fill right back to $130-$132 and under bottom curl then slow all day move back towards $140+ More it pops at open better the range on the gap fill pullback should be fun today
9) $ARGX SunTRust out with a BUY rating and $192PT from $160 (157.11)
Stock Gaping up THIN +7 would nibble small short at $164 area room to $167 at the open more it pops better for us, this should gap fill right back to $158-$160 and under then bottom curl then slow all day move to the upside. $ARGX tends to gap fill on upgrades so look-out for it
10) $BA stating they may scratch the 737 (341.67) THIS IS GOING TO HURT HARD TODAY
Stock Gaping down -$15 imo this should dump hard to $325 and under then small pop for 4-5 points on short covering then look for more downside on this, IMO if this is true what they want we should see $300-$310 on the stock before coming a buyer on the name. If this pops at open to $330 you can take a few for quick 2-4 point short covering squeeze but after that the stock should simply fade allllllllllllllllll day long
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Notable Calls:
$ADBE Gaping up on Market up and Semi’s getting upgraded (317.94) Gaping up 2.5 would love to see more push at the open towards $322+ top it off then gap fill this back down to $318-$319 bottom curl it then slow all day move to the upside if this gap fills back to $318-$319 bottom curl and go long for all day move upside
$$NVDA Gaping up market and Semi’s getting upgraded (223.99) a repeat from friday Gaping up +2.5 would like to see squeeze at the open to $228-$229 then gap fill it back down to $224.50 and under if this snaps at the open to $224.50 and under simply bottom curl it then slow all day move to the upside
$LMPX remember this hit $44 on Friday so NO gaping right now (28.45) NO gap but if this pushes at open to $30 chase it to $33-$35 then gap fill it back to $29 and under, let this show you, we may have 1 more day in this one for range
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