1) $RH Earnings Disaster BAML cut this to $85 WOW (131.93)
Stock Gapping down -$21 Janni nailed the $111 long this morning to $115 at this point all I care to see is if this can short cover at the open towards $120, if it can then top it off and look to short the stock and BUY 100 weekly PUTS on it, if this pulls hard and huge at the open under $100 I would look to bounce it and chase it you should be able to catch 4-6 points on short covering. IMO I would love either way to nail it. But in the end I would love nothing more then to short this to $100 and under
2) $SEEL providing Update on pipeline (2.86) aka stupid
Stock Gapping up +$1.25 imo any pop at the open this is nothing more then a slow all da fader back to $3 and under. More it pops at the open better the play for us
3) $MRKR positive phase 2 “study” some upgrades from Janney out their (6.03)
Stock Gapping up +$1.10 if this rips at open towards $8+ look for topping on it then look to short this for an all day slow move back to $6.35 and under, IMO this is nothing but noise on a stock that probably wants to do an ATM if this pulls hard at open to $6.35 and under then go long on the bottom curl on it
4) $BB Earnings Beat (8.88)
Stock Gapping up +$1.10 typically $BB sells off their gap ups on Earnings so wait for slow push maybe we get through $10-$10.50 then look for topping and then slow slow fade back to $9.25 and under, I would simply prefer pop at open top it then take size on the slow gap fill fade.
5) $SGH Earnings Disaster (23.87)
Stock Gapping down -$5 I would nibble LONG here at $18.85 area room to $17.80 at the open if it comes I like to see short cover this back through $20-$21 then look to top it off and fade, I will be playing this on the short covering bounce to make up my -2 point loss last night. I would love to see shorts cover right at the open to $20+ More it pulls at open better the short covering bounce
6) $PRGS Nice Beat (38.32)
Stock Gapping up +$10 I like to see a little more pop at the open towards $50+ then scale in soome short and look for a nice 4-6 point gap fill pullback, higher it pops better the short let it set up for us, if this at all yanks at the open towards $42-$43 I would be a buyer on that and it should rip right back up through $45-$46+
7) $KMX Earnings Beat (63.68) Like I said yesterday Don’t bet against $KMX
Stock Gapping up +$5 I like to see small pop at open towards $69-$70 then top it off then look for a nice 3-4 point gap fill pullback to $65 area then look for bottom curl on it then look to go long for a slow all day move to the upside, more this pulls better the play for us at the open for a long
8) $OXM Earnings Miss (78.28)
Stock Gapping down -$10 like to see this gap fill to $74-$75 at the open on some short covering then look for topping and all day fader on it, if this pulls at open hard to $65-$66 go LONG and bounce it for 5-6 points on short covering
9) $SAIC Earnings Beat Increased dividend and repurchase 4.6Million shares (73.55)
Stock Gapping up +$10 like to see small pop at open towards $85+ if it comes then look to short this and gap fill it back down to $75-$76 and under, $SAIC has a lot of bag holders and tends to sell off their gaps, Ideally small pop at open then a nice solid pull towards $76 then a little more then bottom curl it then look to go long on it
10) $GLPG Met Phase 3 Primary enpoints (96.13)
Stock Gaping up +$14 I like to see this pop more at the open towards $115+ then watch for topping on it look for a nice 4-6 point pullback then bottom curl then slow all day move or grind. GLPG normally squeezes at the open on positive news and its a VERY thin stock so wait for your short entries, don’t get in too soon
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Notable Calls:
$BA I like $BA today to head towards $380+ (374.44) Gaping up +$1 let it rip at the open again to $377-$378 then wait for the nice pullback on it towards $373 and under bottom curl it then look to go long back to pre-market highs
$NVDA Gaping up nice with $AMD on market up ($177.25) gaping up +$2 would scale in some short at $179.90 room to $181 if it comes look for nice gap fill to $178 an under then slow all day move back to highs towards $180-$181
$LYFT IPO Over subscribed #IPO imo this is for a 1 day Day Trade only nothing more. If this opens under $75 and under you can play it with a few hundred shares maybe get through $80+ quick and fast, over $75 it opens, IMO I would not touch it or hold it, IMO this is a $GRPN $SNAP $FIT in the end 1 year from now this will be below $25 a share
