1) $SVRA FDA granted Breakthrough Therapy Designation for Molgradex (1.73) UP THICK
Stock Gaping up +100% at $3.50 I would love to see this head to $4.25-$4.50+ at the open the thicker it is the more range we have to the upside, I expect a lot of small cap chatrooms trading today trying to nail the short side of this which should drive it up for us, if this small pops at the open and lower lows set in then look for that slowwwww slow fade to $2.50-$3 spot and under. This is all about volume, If I see a 1 mil buyer come in at $4.50+ this will run even higher. IMO I don’t really like the news, but because so many small cap rooms have nothing to play this last week, I believe they will be picking this one today which should give us some fun on the long side
2) $NIO Beat Earnings VERY nice this morning stock heading to $3.50-$4 (2.42)
Stock Gaping up +.50 love to see this push out of the gate .15-25 cents pullback a little to $2.75-$2.85 area bottom curl then slow all day move towards $3.50-$4 today with thick volume
3) $WVE date on Phase 1b/2a comps poorly vs. $IONS (15.81)
Stock Gaping down -$6 IMO anything below $9.75-$10 is a BUYING opportunity think shorts will come in an cover this back to $12-$13+ then let it fade off back down to pre-market lows
4) $GT Nomura out with a BUY rating and $20PT (15.10)
Stock Gaping up THIN + would pick up anything under $15.50 add on ANY pullback at the open like to see this head to $16-$16.50+ today on this decent PT upgrade.
5) $MAXR to sell MDA to Private Capital group for C1Billion (14.29)
Stock Gaping up +3.10 would love to see this pullback to $15 and under area then bottom curl then slow all day move back to pre-market highs, more this pulls at the open better the range for us to the upside. If this gap fills BOOM then bottom curl it then slow all day move back to pre-market highs
6) $SLGL Phase 3 “ACNE aka FACE” Cream Traders Trial Met endpoints (9.23)
Stock Gaping up +12 let this push at open DO NOT BUY unless you see $24-$25 then chase a few to quick $28-$30 then be done with it, if small pop and lower lows set in look for this to slow fade back down to $14-$16 and under if it snaps $15 hard then we see $12-$13 and be done with it, this is tricky and this is up thin, so be careful shorting it, let it set up for us
7) $MYGN FDA approves BRAC CDx for Lynparza (26.78) Pop and gap fill imo
Stock Gaping up +2.35 IMO I would love to see this sell off at the open to $27-$27.25 and under then bottom curl it then slow all day move back to pre-market highs, more this gap fills if it does better the range to the upside. If this pops at all again at the open to $29.50-$30+ top it off and look to fade this back down all day to $27.25 and under
8) $ZLAB Interesting Yigal out at $CITI with a $84 PT (40.25) Thin NO MM’s on it yet
Stock Gaping none, would love to see small pop at open to $42-$43+ Higher it pops if it does better the range for us to the downside, then wait for the gap fill pullback to $41 and under bottom curl it then slow all day move to the upside, slow all day move, if this gap fill and pulls at the open under $41 go long and nail this for a nice all day move to the upside.
9) $AXSM announced achieved Phase 3 Primary endpoint met (101.98) Great SHORT Janni in PM
Stock Gaping up +20 Janni took this down beautiful in pre-market to $105 area I would nibble some at $105 LONG room to $103 bottom curl look for the stock to rebound back to $110-$112 then grind out, more it tries to Gap fill better the range for us to the upside .
10) $TREE Compass Point (Tier 3 Firm) put out a BUY rating with $340 PT (294.39) THIN
Stock Gaping up +$3 would actually nibble small long at $297 area room to gap fill back to $295 at the open look for the stock to bottom curl and slow all day move towards $303-$305+ on this upgrade, if this at all pulls at the open and gap fills I WILL BE BUYING 250 SHARES AND LOOKING FOR 4-5 POINTS ON IT FOR NICE EASY MONEY FOR ME!
$RAD Gaping down -.80 would like to see this push at open to $20 spot with volume then we can run it to $22-$23 for quick push and money then let it top off and grind out, if this small pops at the open and lower lows set in, then look for this to slow grind back down to $17.50-$18 today
$CRWD Needham adds $CRWD to conviction list with $92PT (48.92) Gaping up +$1.60 like to see this push at open towards $51.50-$52 then look for some gap fill pullback to $49.25 and under then bottom curl then slow all day move to the upside would be Buying 55 weekly calls on this on at the open
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