1) $RKDA Granted Hemp License in Hawaii (1st of its kind) (7.21)
Stock Gapping up +1.70 would like to see this rock out of the gate towards $9.50-$10 then let it sell off and gap fill some to $8.5 and under then bottom curl it then look to long it for an all day move to the upside, more this pulls at the open or sells off on profit taking better the position for us to take it long JUST AS LONG as their are buyers coming in we can walk this up BUT you must get it set up first. I would prefer the dump then the curl then the long.
2) $CIFS Positive China Tariff News this is gaping up WITH VOLUME (3.25)
Stock Gapping up +$1.5 would like to see a push at open to $5.50-$6 then sell it off to $4.25 and under watch for bottom curl on it with fresh buyer to come in then slow move to the upside, Let this set up before going to crazy on it with size, I would prefer the standard sheep chasing pop at open followed by the gap fill pullback, BUT if this yanks at open hard to $4.25 area and under watch the curl on it and look to go long on it
3) $MGTX Gaping up on positive Barron’s Article over the weekend (16.65)
Stock Gapping up +2 would nibble the short at $18 area room to $19+ at the open simply gap fill this back down to $17 and under then bottom curl it then slow move back to pre-market highs, MY main idea is simply to short this gap up back down
4) $CRSP Gaping up on Friday’s news (39.97) Gaping up on AIR right now
Stock Gapping up +4 would nibble some short at $44 room to add to $46 then look to gap fill this back down to $40.50-$41 area and under then bottom curl it then look to go long on the stock back to pre-market highs, the more this pops at open with thin volume better the short for us
5) $MYOK Positive Data Update (47.75)
Stock Gapping +$3 like to see a little more push at the open prefer this to get to $54-$55 then top it off then gap fill this back down to $48.50 and under, if this pulls at the open to that same area bottom curl it then look to go long on the stock with a slow move back to highs
6) $RGNX Gaping up on Positive Barron’s Article over the weekend (53.86)
Stock Gapping up +$5 nibble some short $58 room to $60 at the open look for stock to gap fill back down to $55 and under then bottom curl it then look to go long on the bottom curl on the stock for slow move back to pre-market highs
7) $QURE Gaping up on Positive Barron’s Article over the weekend (57.31)
Stock Gapping up +$3 would nibble some short at $59.50+ level room to add on the pop at the open look for full gap fill or within .50 cents of it when it sells off look to go long on it
8) $YY Gaping up on China Positive Talks (70.88) $MOMO $BZUN $BIDU $WB $NTES $SINA
Stock Gapping up most are about $2 POINTS or more, simply get in short at $72.40 area room to add on the pop at open then look for a nice gap fill pullback to $71 and under bottom curl it then look to go long for slow all day move towards $74-$75
9) $DDS JPM Morgan out with a Underweight with $57 PT (75.21)
Stock Gapping down -$2 would nibble short at $73 area room to add on the pop at open then fade it down to $68-$69 and under, if this pulls hard at the open to same are bounce it back up on short covering then look to get in and fade it all day to the downside
10) $PLCE Horrible Guidance on Gymboree Exposure (94.60)
Stock Gaping down -$18 Pre-Market the $77-$78 was a nice buy with Janni this morning in chat stock should hit the $85 area by the open once it tops off look to fade the stock for an all day to the downside. Horrible guidance for at least 6 months, not sure investors will want to hold onto this at these prices until the Gymboree take over gets calmed down
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Notable Calls:
$ASND Primary endpoint met Phase #3 (69.31) Gaping up +$39 I like to see a little more pop at open on short squeeze to $115-$120+ area then watch for topping this should and will be a nice short for 15-20 points on the downside, its all about letting it set up, if this breaks $105 at the open on a pull and bounce I think we see more downside to $90-$95 or under area
$TSLA Gaping up on Elon Tweet (294.79) Introducing Y car Gaping up +$5 Like to see a little sell off on the stock to $296 and under then bottom curl it then look to go long the stock , if this pulls hard let it but if you see $295 and under start building a position thing the stock heads back to $304-$305 area
$BPTH (7.72) Gaping down -$1 keep an eye on this at the open with volume if volume kicks in and we see some big buys again this should have another run but this time to $9-$10 spot. watch for the pop at open if it comes to $7.25 or more, must break that to get some run
