1) $BBBY Earnings Disaster (14.85) Kramer on CNBC pumping the stock to BUY at $11
Stock Gapping down -$4 would nibble some at the $10.90 are if it goes most you would see is push to $12-$12.50 tops then look for an all-day bleeder on it, if this yanks at the open to $10 and Under I would be a buyer and even consider holding for a few weeks on the weakness
2) $CPSI Earnings Beat (27.88) Up thin NO MM’s on it yet
Stock Gapping up +2.60 if this pops an maintains $30-$31+ scale in short and look to gap fill this back down to $28-$28.50 and under, more it pops if it does better the range for us to the downside if this yanks at the open and gap fills to $28.50 and under then look to bottom curl it then go long on it
3) $NMIH Gapping down on Earnings Miss (35.57)
Stock Gapping down -2.60 like to see small pull at the open to $30 and under then bottom curl it then slow all day move towards $32-$33+ then scale in short on it if this pops at all at the open towards $34 scale in short and look for an all-day fader on it
4) $NSP Earnings Miss (89.08) I want to play this today ST is out $112 PT Baird out with $70
Stock Gapping down -19 I like the $70 area as a nibble long think the stock will come down a little more to $65-$67 then bounce there to $72-$75 on it. If you want to wait for the open and it pulls to those areas then long it on the bottom bounce, if you take now at $70 we need a quick push at the open and we get the $72-$75 areas.
5) $CYBR Earnings Miss no #Analyst Comments (138.60)
Stock Gapping down -$12 do NOT BUY this unless you see a push at open to $130 then quickly move to $133-$135 then all day fader on it, I would prefer a nice pull at the open towards $117-$119 area then look for shorts to cover this and push it back 4-6 points on short-covering on it. The more it pulls (if it does) the better the range for us to the upside
6) $ROKU Gapping up on NO NEWS again (137.00)
Stock Gapping up +4 like to see a little more pop at the open towards $141.50-$142.50 then lean into it short and look for a gap fill pull to $139 and under then bottom curl it then slow all day move back towards $145+ I will be playing this today, I want a small pop before scaling in short like yesterday
7) $ABMD Mixed Analyst Call today MS out with $165PT and Piper out with $240 PT (175.82)
Stock Gapping down -$5.82 do not BUY this unless you get a quick $170.50-$171 pop at the open then quick push to $173+ then top it off then all day sell-off grind lower on it, if this snaps at open watch the $165 and under then scale in long and play the short-covering bounce for 4-5 points on it
8) $NVDA another upgrade or 2 into Earnings this time with $310 PT (267.89)
Stock Gapping up +4 let this rip a little more at the open towards $273 area then scale in short and look for this to pull down to $269 and under then bottom curl it then slow all day move towards $275+ More this pops at the open better the range for use on the pullback, I will be playing this today all-day
9) $SHOP Blowout quarter hit on ALL cylinders (492.75) Thick volume this morning
Stock Gapping up +60 PTS do NOT SHORT this unless you get a snap at open at $555 then you get a quick 8-11 points on the downside, this will NOT gap fill so forget it. I would prefer a nice pop at open to $560-$565+ area then scale in a few short for a nice 10-20 point profit taking sell-off if you take now at $562 give it room to pop traders. IF YOUR NEW TO TRADING DO NOT TOUCH THIS!
10) $TSLA another day another day to play for us (774.38) Stock is being held nice up here
Stock Gapping up +5 I would like to see small pop then pullback to $755-$760 at the open then a nice 10-12 point push and grind out, if this pushes at the open I don’t see more then $785-$790 before it sells off 10-20 pts so let it show you at the open I WILL BE PLAYING THIS TODAY
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Notable Calls:
$WYNN BofA out drinking the Koolaid with a BUY rating and $150 PT LOL (131.99) Gapping up 5 points You can take some now short but give it room to pop at the open. IMO now is not the time for this upgrade. However let it pop a little more at the open towards $138-$139+ area then lean into it short I like to see this gap fill back to $132-$133 and under then bottom curl it, in the end, this should simply gap fill on it
$KRNT Earnings Mixed but multiple upgrades on PT to $46-$47 (43.00) Gapping down -$2 would buy anything at the $40-$41 levels if it comes and looks for a nice 2-3 point bounce on it. should be fun More it pulls better the range for us to the upside
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