1) $SLGL Multiple upgrade PT BMO $18 JMP $33 (14.60) Thin stock
Stock Gaping up +3 like to see this stupid thing push to $19.50-$20.50+ at the open then look for 1-3 point gap fill profit taking sell off then bottom curl off the $15.50-.50 area then slow all day move back to pre-market highs, MORE this pops at the open better the range for us on the pullback, don’t be surprised if you see $21+ on it
2) $NIO Another possible day in it to run towards $5 (3.72)
Stock Gaping up +.50 like to see continuation on this, BUT look for small pop at the open then overnight profit taking to kick in and look for gap fill to $3.75-$4 area watch for bottom curl then slow move back to $4.50 possible $4.75 then $5 we will know as it opens how it will trade out but the fact its gaping up is a good sign we are in play today for another fun day
3) $SVRA Nice HUGE run into close touched $6 after hours and again this AM (4.91)
Stock Gaping flat now DO NOT BE A BUYER UNLESS the stock pushes at open to $5.50 with volume then quick move to $6-$6.50 then look for nice 1-1.5 point snap pullback. This stock really ran after hours with size, so don’t be surprised if it breaks out. If small pop and lower lows set in and volume is light look for a fade back down to $4 and under
4) $NVCN Submit a “Premarket Approval application” (3.93) OMG!!!! S T U P I D
Stock Gaping up +5 THICK would NOT be a buyer unless it pops $10 at the open with some serious volume of 500,000+ block then look for quick push towards $11.50-$12 then watch for topping, IMO this is really really stupid being up, but rooms need something to play and short so look for this to be in play for range, If small pop at the open can’t break $10 spot then look for the stock to sell off to $5.50-$6 and under on it.
5) $MTOR Joining the S&P 600 (23.32) Thin
Stock Gaping up +2.00 like to see small pop at the open towards $26-$26.50+ top it off then look for a nice 1-2 point gap fill pullback then bottom curl it then slow all day move to the upside. If this snaps at open to $24 and under bottom curl it then slow all day move to the upside
6) $CLB issues downside guidance and reduce dividend (47.86)
Stock Gaping down -$10 would nibble long the $37 area room to $35 like to see the stock rebound back to $42+ at the open then top it off then all day fader back to pre-market lows
7) $SINA announces 500 Million repurchase (37.19)
Stock Gaping up +1.25 like to see small pop at the open towards $39.50-$40 then look to gap fill this back down to $37.50 and under bottom curl it then slow all day move back to pre-market highs, more this pops better the range for us to the downside on the gap fill
8) $NXRT to join the S&P 600 (42.38)
Stock Gaping up +$2 like to see small pop at the open towards $45+ then lean into it short and pullback 1-1.5 points then bottom curl then slow move back to highs. If this gap fills or pulls to $43 and under I would be a buyer down there, bottom curl it then go long back to pre-market highs
9) $ROKU Gaping down this morning on NO NEWS (131.60)
Stock Gaping down -$4 would nibble some LONG at $127 area room to $125 like to see the stock gap fill push at the open to $130+ then top it off then look for another 2-3 point pullback on it
10) $TSLA Gaping down at end of the year Profit taking (414.70)
Stock Gaping down -$7 would nibble small long at $406 area room to $404 pull at the open like to see the stock bounce back on short coveing to $408-$410 area then top it off then grind slow lower, More it pulls at the open more shorts will come in and cover and squeeze it for quick money for us
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Notable Calls:
$RAD Gaping down as it continues to head to $10 (15.99) Gaping down -$1.20 like to see small pop at the open towards $15-$15.25+ top it off then more continued sell-off, if this snaps at the open to $14 and under would scale in a few long and bounce it with short covering squeeze for 1 point or more.
$FCEL Gaping up on continuation (1.68) Gaping up +.60 would actually nibble some short at $2.25 area room to $2.40 pop at the open like to see some SERIOUS profit taking back down to $1.85 and under, $FCEL tends to sell off there gaps so look for this to give back some at the open, higher the pop IF it does better the range for the downside
