1) $AVGO Earnings Miss (281.61)
Stock Gaping down -$26 points I’d like to nibble long the $255-$256 area looking for some short covering at the open towards $262-$265+ then slow fade, if this yanks at the open like the $250 and under for fresh buyers and shorts to come in and cover for a nice 5-10 point move to the upside (If playing today keep it simple and small)
2) $ARQL Up on Positive Phase 1 ARQ531 Data (6.29)
Stock Gaping up +$3 like to see this actually pop a little more at the open, its pretty thick this morning so lets see if we can pop it to $10 if a buyer comes in this could rush to $11-$12+ fast I will keep an eye on the “BUYER” if they come in I’m looking for 500K buyer. If it pops and then lower lows set in and it snaps $8 should be a slow all day fader to the downside to $6.75 and under., This company needs cash so expect an ATM within 48 hours or sooner
3) $KURA Up on Update with tipifarnib (18.52)
Stock Gapping up +$3 would take a few short at $21 area room to add at the open if it pops imo this is nothing more then a gap fill pop and slow fade back to $18.75 and under
4) $FVRR Yesterday’s Incredible IPO from $25.75 (39.90) Stock touched $44+ Pre-Market
Stock Gaping up $2 like to see small pop at the open towards $44-$45+ then decent gap fill pullback love to see $37-$38 area would be nice, bottom curl and slow move to the upside, if this yanks at open on profit taking get that $37-$38 for a nice bounce
5) ****$ATRO Suntrust out with a SELL rating cut PT from $41 to “$36” (44.20) Thin
Stock Gaping down -$2 I’d like to see small pull at the open towards $40.50-$41 area then slow move back to $43.50-$43.90 then top it off then slow all day move to the downside, if this pops at all at the open (Wish it does) to $43.50-$43.90+ Scale in short for an all day fader on it
6) $GBT Phase 3 results on sickle cell disease mixed results (57.52)
Stock Gaping down -$4 like to see small pop at the open towards $56-$57 and gap fill this then slow fader back to lows, if this pulls hard at the open watch the $49-$50 area for buyers to come in and pick up I would prefer gap fill and slow short fader for me
7) $QCOM getting hurt on $AVGO numbers (69.93)
Stock Gapping down -$2 I’d like to see this gap fill to $69+ at the open or slightly above it then slow fader back down to $67 area and under, if this pulls hard at the open again to $67.50 and under bottom curl it then slow all day move to the upside, more it pulls better the range for us to the upside
8) $RH Yesterday’s Big win looking for $107 and under on it today (109.91)
Stock Gapping down -1 I’d like to see small pop at the open towards $110-$111 then slow all day fade back to lows looking for $105-$107 on it today with the market pushing down. If this pops at the open let it push then it will top off then short it, if this yanks at the open watch that $105 area for a decent bounce.
9) $ARGX Getting hit on GBT Data (125.94)
Stock Gapping down -$4 looking for small gap fill pop at the open towards $124-$124.75+ then top it off then slow fader back to lows, if this pulls hard at the open watch the $118-$120 bottom curl on it then slow move to the upside
10) $ASML Getting hit on $AVGO Numbers (197.93)
Stock Gapping down -$8 I’d be long some in the $190 area room to add on any pullback stock should and will gap fill back to $195+ Remember $ASML did nothing wrong, if this yanks hard at the open towards $188-$189 bottom curl it then go long on it for 4-6 point range
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Notable Calls:
$BYND another day of range (141.39) Gaping up +$1 I’d like to see small push at the open towards $144-$145 then decent gap fill snap and sell off to $135 and under bottom curl it then go long, if this yanks at the open watch the $135 area and under for buyers to come in
$NVDA Getting hit on $AVGP numbers (148.26) Gaping down -$4 would nibble long the $143.50 area room to add on ANY pullback on it the $142 and under bottom curl then slow mover back to $146-$146.80+ then top it off then slow fader, if this yanks hard at the open to $142 area I would be a buyer on weakness
$CHWY #IPO Prices 46.5mil at $22 oversubscribed I’d like to see this open $25 and under with $8 million shares or more at the open
