1) $SPI Crazy news imo to say they “Completed the Greece Transaction” (2.61)
Stock Gapping up +200% imo this can push at the open towards $7.50-$8 spot before coming down. This is a supernova type of stock meaning once it gets going it will go, shorts hard to find so let it rip at the open then look for the lower lows to set in, once they set in this will fade to $4 and under with an ATM to follow.
2) $LQDA Prices 3million Offering at $11.50 (13.69)
Stock Gapping down -$2.30 I would grab some LONG here at $11.20 room to $10.50 at the open and this should deliver 1-1.5 points quick for you, the more it pulls ta the open if it does better the play for us on the LONG side. this should be a solid winner for us
3) $PTE Evercore out with a $26PT BUY rating (12.08) SWING IDEA to $15+
Stock Gapping up +.80 I would nibble just a few here at $12.85 room to add at the open on the pullback gap fill then look for a solid move to $14+ on this if you wish to wait for the gap fill look for $12.50 and under, this is a solid PT with room on it
4) $GES Earnings Miss (22.07)
Stock Gapping down -$3 I would nibble a few long at $19 here room to $18 at the open look for a 1-1.5 point push at the open towards $20+ then top it off and look to fade it all day long
5) $CSIQ Earnings Miss (23.62)
Stock Gapping down -$3 would long a few here at $21 room to $20 at the open look for this to gap fill back up to $22+ then top it off and fade it , if this pulls at the open hard t o $19-$20 long it and bounce it the ER were not that bad
6) $CAG Earnings Beat this was an Overnight at $22.89 (22.91)
Stock Gapping up +$2 would like a little more pop at th eopen towards $25 then watch for topping on it then look for this to pullback 1-1.5 points on profit taking then look for bottom curl then slow all day move to the upside, if you o/n with me make sure you cash out today
7) $GIII Earnings Beat (35.16)
Stock Gapping up +$3 would like a little more push at the open towards $39-$40 then top it off then look to gap fill this back down to $36 and under then bottom curl then slow all day move to the upside, if this pulls at the open watch the $36-$36.50 area and go long
8) $MU I am NOT impressed with the Earnings report (40.13)
Stock Gapping up +$1.50 imo any pop at the open this should simply gap fill back down to $40.50 and under then bottom curl, higher it pops (if it does) better the short, if this breaks $41.20 at the open should gap fill
9) $WSM Earnings Beat issues slight upside guidance (56.85)
Stock Gapping up +.50 would be a buyer here LONG at $57.50 and under if it pulls and gap fills then add to your position then look for a nice slow all day move to the upside towards $60+
10) $BIIB Discontinue Research on Phase 3 Alzheimer disease (320.59) This is VER VERY BAD
Make note on this traders, these people have mislead a lot of investors and analyst making them believe they were getting closer to the cure, this will hurt many other companies for they did today, but most of all this will hurt $BIIB the most, be aware of that. Multiple PT $240 & Under
Stock Gaping down -$88 imo so far they are holding the $230 line Biggest drop since October 2008 My gut tells me this will come down to $220 levels and possibly lower then bounce nice, so be patient and wait for my call to let you know, this morning it was easy to read the $230 line to go long for 8 points but I will need to see the open to see if we can get it to $250 then all day fader.
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$ANET Goldman out BIG with a $360 BUY rating (298.45) Gaping up +7 I would short small with room to $307 at the open, gap fill this back down to $299 and under bottom curl it then look to go long on it would buy $310-$315 weekly calls
$DRI Earnings Beat (108.65) +5 I would let this pop at open towards $114-$115 then look to short it and gap fill it back down to $110 and under, if this pulls at the open to $110 and under on profit taking look to long the stock on it
$LEVI #IPO 10 times oversubscribed (17.00) Priced, IMO anything under $20 is a buy and hold in your portfolio, this is an exciting IPO that is way oversubscribed, MY gut tells me it opens between $25-$30 in which case I will have to wait for pullback on it, anything under $20 is a BUY
