1) $ADIL Former runner with with Univ of Virginia to commence Phase 3 (2.95) STUPID PR
Stock Gapping up +.50 let the chatrooms pump this noise at the open imo this is nothing more then a pop and fizz all the way back to $3.10 and under, nothing news worth imo but watch for chasers at the open to pop through $4-$4.25+ then watch for lower lows to set in and fade the news
2) $PTE announcement that SkinTE is now available through UH network (13.45)
Stock Gapping up +$2.65 imo this is nothing more then a pop and short to $13.75-$14 and under so watch for the pop at open then look for a nice slow gap fill fader back to $14 and under
3) $WGO Earnings Beat (19.96)
Stock Gapping up +$2.20 I like to see small pop at open towards $23+ then watch for topping look for a gap fill sell off on profit taking to $20.50 and under bottom curl it then go long. If this yanks at the open to same area look to go long on the stock for all day slow move to the upside as soon as we see it pullback and gap fill should be fun
4) $ALKS Goldman out with a sell rating and $26 PT from $49 ouch (31.82)
Stock Gapping down -$2.80 already you know how Goldman works, if you can get long at $29 area and add at $27.50 if it comes then watch for long on it to gap fill back thru $31+ at the open then watch for topping then look to short the stock for 2-3 days till it hits $26 like $ESPR to $45 did
5) $MU Disaster quarter but shorts will want to cover so watch the open (34.11)
Stock Gapping down -$3 I would like to see solid pop at open to $32.50-$33 then all day slow fader to the down side, Watch $AMD with this, $AMD should have a sell off day as well as $NVDA if this yanks to $30 and under at the open I would be a buyer at the $29 level and bounce it nice
6) $FGEN Citi out “reiterating” BUY this stock with $71 PT (39.50)
Stock Gapping up +$1.50 I would prefer this to pop and gap fill back to $40.25 and under if it comes then look for a long on it and slow all day move to the upside. Think the stock can run to $44-$45 today on this reiterate so watch for the set up
7) $TLRY continued strength on yesterday’s great news (76.50) SEE $85+ On it today
Stock Gapping up +5 I like to see small pop at open possibly to $82-$83 at the open then look for a nice gap fill pullback to $78-$79 and under bottom curl it then look to go long on it for slow move to the upside 1st play will be done in the first 10mins of the open like yesterday so be ready
8) $MLNX up on speculation that $MSFT could buy the company (88.89) reminds me of $JACK
Stock Gapping up +$4 look for a pop at open if we get $94-$95+ scale in short and fade it back down and gap fill it back to $89 and under, I think in the end this will simply pop and fade the speculation news,
9) $HSY BofA out 2 notches up from Underweight to BUY (wow) with $120 PT (104.36)
Stock Gapping up +$2 no MM’s on it so let it push at open towards $107 then look for a nice pullback sell off gap fill to $105.50 and under bottom curl then look to go long on it for slow all day move to the upside
10) $FDX Earnings Disaster Lowers guidance (185.01)
Stock Gapping down -$13 I actually like it here at $168-$169 nibble area watch for short covering at the open possibly thru $175-$177 then look for the stock to sell off rest of the day slowly, IF this yanks to $164-$166 watch that bottom curl buyer come in an play it for 5-7 points to the upside
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Notable Calls:
$TREE Bottom bounce Needham out with a $300PT says bottom is in and to BUY the stock (222.48) Gaping now, watch for pop at open to $225+ then wait for pullback to $223.50 and under bottom curl then look for a nice slow move to the upside on it
$ADSK Goldman Out with a BUY rating and $163PT (130.58) stock should pop at the open towards $132-$133+ let it come down pull back to $131.50 and under bottom curl and go long think the stock hit bottom and will come back up on this upgrade
