1) $TIGO withdraws their Offering Proposal (49.84) Nice short call from Janni PRE
Stock Gaping up +$5 imo this is nothing more then a slow gap fill back to $50.50-$51 and under for quick points should be fun any pop at the open look to add into it if it shoots out of the gate again towards 55+
2) $DRYS CEO puts in an offer for his own company….STUPID (3.16)
Stock Gaping up +$1.50 like to see this small pop at the open let chaser chase and look for a decent gap fill sell off once lower lows set in back down to $3.50 and under. If this breaks out to $4.40 at the open stock could run to $5+ quick before giving back so let it set up before getting in with any kind of size
3) $SHSP Little #Offering of only 2million shares at $13 (15.17)
Stock Gapping down -$2 would love to see a decent pullback at the open or flush to $13 and under, I always like to get .50 cents BELOW the actual offering price so wait for it, its a small offering so should get filled then slow all day move towards $14-$14.50 this is solid for a 1 point play or more, then more it pulls at the open better the range for us to the upside
4) $RRGB Vintage pushes for a $40 Take out of the Company (25.46)
Stock Gaping up +$7 I’d like to see a little more squeeze at the open towards $33-$34+ watch for the lower lows to set in, this MUST break $30 and under to get the decent slow fader back to $27.50 and under, I think this is nothing more then a posture move from Vintage and all noise then is should simply sell off and begin to gap fill. Let this set up at the open More it pops better the range to the downside
5) $LEN Wedbush out with a Buy and a PT of $62 from $50 (52.09)
Stock Gaping up +$1.50 look for a nice slow pop at the open towards $$53.80-$54.20 then slow gap fill back to $52.50 and under bottom curl it then slow all day move to the upside, if this pulls at the open to same area go long on it
6) $RVLV Gaping up on $CRWD pushing (36.51)
Stock Gaping up $2 like to see this push at the open a little more like to $39-$40 then look for gap fill pullback on it to $37.35 and under then bottom curl it then slow move back to highs, if this yanks at all at the open look for a nice $35-$36 base bottom curl it then long it to highs
7) $CRWD This #IPO should have range today (58.00)
Stock Gapping up +$3.5 I’d like to see this pop at the open towards $62-$65 then look for decent gap fill pullback to $59-$60 and under then watch carefully the bottom curl, with market up today this could push towards $70 so watch for a decent squeeze if it comes on this day 2 of this stock
8) $TSN Trying to be like $BYND launching fort plant based product (81.89)
Stock Gapping up +$5 this is $TSN Traders so this should simply gap fill this back to $82 and under, if anything at $82 comes in Pre-Market or the open go LONG and all day slow move to $85-$86+
9) $RH OMG!!!!!!!!!!!!!!!! Earnings Blowout. Are you kidding me (94.89)
Stock Gapping up +25 points I’d like to see this push at the open $123-$125+ if it comes, then look for a 5-10 point profit taking pullback if this starts to sell off traders no more then $105-$107 on the bottom curl. This will NOT gap fill, this will trade here on out at another level.
10) $LULU Earnings Beat (170.89)
Stock Gapping up +$12 I’d like to see small push at the open towards $184-$185 top it off then look for gap fill profit taking pullback to $175-$177 and under if this snaps hard at the open chase down and you should get 3-4 points on the downside, I know its up BUT I really feel we will see some serious profit taking on it today, it won’t gap fill but give us a nice plays for range
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Notable Calls:
$BYND another day of range (141.97) Gaping down 10 I’d like to see this pop at open towaqrds $145 area then nice pullback to $130 and under then bottom curl it then long it for quick money. This is fast and furious today, think volume will slow a little but once it pops or pulls we can get in their for quick money for fast money
$CODA Earning Play small beat (9.71) Thin Stock gaping up +$2 like to see small pop at the open towards $12-$13 tops then slow all day gap fill fade back down to $10.25 and under. This should be a simple small pop then fade all day. If you take short now here at $11.80 just give it room to add on the morning short covering pop then when it breaks $11 should give us the rest to the downside
