1) $MYGN Earnings Miss AGAIN JPMorgan out with a $17 (29.29)
Stock Gapping down -$9 simply a disaster quarter, I would prefer a mean pull at the open to $18 and under then bottom curl it then slow gap-fill to $20-$21 and be done with it, I would NOT LONG this unless you get a quick $21.50 at the open then look for this to push towards $23+ on short-covering then look to short it and fade it all day long
2) $COLL to acquire US rights to Nucynta raises FY20 guidance assertive (20.30)
Stock Gapping up +$5 love to see small pop at the open towards $25-$28+ top it off then look for nice 3-5 point short pull profit-taking on it, if this small pops and lower lows set in look for this to fade back to $21 and under, more it pops at the open better the range for us to the upside
3) $PINS Earnings Beat BIG (23.01)
Stock Gapping up +4.50 like to see small pop at the open towards $28-$30 spot then look for some pullback towards $24-$25 area and under then bottom curl it then slow all day move to the upside, if this yanks to $24-$25 at the open scale in long for all-day move towards $30, higher this pops at the open we get a nice 2-4 point sell-off on profit-taking. This is up thick so let it show you at the open, I would love for the pullback on it so we can long it all-day
4) $RAPT 2.5 million $30 secondary #OFFERING (33.61)
Stock Gapping down -$4.00 I love this at $29 would love to get it again at $29 and if we’re lucky a tad under this will gap fill back to $32-$33 today IMO what a steal down here at $29 this morning wow
5) $GOOS Earnings Miss (33.30)
Stock Gapping down -$2.20 like to see small pop at the open towards $33 if it comes then all day fader on it, if this snaps big at the open watch the $28-$29 area then bottom curl it then get 2-3 points on short-covering to the upside and be down with it
6) $ZGNX Phase 3 meets primary objective (52.62)
Stock Gapping down -$19 I like the $33-$35 areas yesterday and this morning, think the stock will push towards $40 at the open then possible grind out, I do not think full gap fill will happen, Landeburg had some negative notes with a $35PT so with that said, if this pulls at the open hard hits $32.50-$33 areas again bottom curl it and go long, I would love love love to see $30 pull let this set up again for us.
7) $SKX Earnings Beat (37.97) No notable upgrades
Stock Gapping up +$5 like to see a little more push at the open towards $44-$45 areas then look for topping then get a nice 3 point or more gap-fill sell-off on it, I don’t see this gap-filling the best we will see is probably $39 and under then bottom curl it, if this snaps at the open and hits $39 and under on profit-taking would bottom curl it then slow all day move to the upside
8) $SYNA Earnings Beat (70.10)
Stock Gapping up +12 I like to see this small pop at the open towards $84-$86 if it comes then watch for topping then we can fade this back nice for 5-8 points to the downside, if this snaps $79 at the open chase a few short to $73-$75 area then bottom curl it then slow all day move to the upside. Stock is up a little too much and JPM has a $73PT impressed but not impressed
9) $UI Earnings Miss (170.64)
Stock Gapping down -$32 would nibble small long the $140 area room to $135 if it pulls at the open look for bottom curl and gap-fill back to $150-$155 then grind out, this is like $BDX yesterday more it pulls better the range to the upside. They missed slightly on revs stock is down way too much IMO play small cause the points are there
10) $TSLA another day of fun (748.96)
Stock Gapping down -10 DO NOT BUY unless we push at the open to $745+ then quick chase for 10-20 points to the upside towards $775+ I would prefer a mean sell-off at the open to $700-$710 area and under then bottom curl it and nail it for 30-40 points to the upside, more it pulls at the open better the range for us to the upside
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Notable Calls:
$GWPH Gapping on $ZGNX data (118.24) up thin +8 like to see small pop at the open towards $128-$130 if it comes, other then that this will simply gap fill back down to $120 and under.
$WYNN Earnings Miss (134.19) gapping down -5 would prefer more pull at the open towards $125-$127 area then bottom curl it then push it 4-5 points on short-covering then let it grind out, if this pops at open I don’t see more then $132+ on it then we short it all day to the downside
$DPZ Earnings Beat Goldman out with a $320 PT (279.41) Gapping up +7 like to see more push at the open towards $290-$295+ area then look for topping on it then slow gap-fill profit-taking fade to $282-$284 and under bottom curl it then slow all day move to the upside
$TTWO Earnings Miss (128.05) Gapping down -$14 would take some long at the $114-$115 level look for quick short cover pop at the open towards $120-$122 area then top it off then all day fader on it, if this yanks and we get lucky and see $112 area and undergo long and bounce it, this is like the TWLO we did yesterday more it pulls better the range for us to the upside for some fun
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