1) $RKDA HC Wainwright out with $20 PT says this is a BUYING opportunity (8.16)
Stock Gapping up +.35 took some long at $8.50 will give it room, doesn’t seem much risk down here, this can run, this is Spartans favorite trade and with this PT I don’t see why we can’t hit $10+ on this upgrade today. Willing to try should be fun
2) $ASTC Milestone for 1st Detect Tracer 1000 in Europe (1.95)
Stock Gapping up +3 everyone is thinking short but the stock has legs and volume could see $7 even $8 at the open before this tires out. Everyone and their brother has been shorting this since $4 area and getting smashed, don’t be them let it set up you will see the lower lows set in then you can nail it back down to $3 and under
3) $TELL 12 million #offering at 9.90 (10.88)
Stock Gapping down -1.10 would nibble some LONG at $9.70 room to add at the open look for this to slowly move back up to $10.50 or more. I like to pick up the weakness on this today so hopefully we get a nice pull at the open if $9.25 comes…..shew I am all over this
4) $IQ Gapping down on Market down (43.93)
Stock Gapping down -$1.80 SIMPLY by the gap down at $42.25 area go long, pop it before the open then let it flush back down then buy the weakness and let it rip for fun today before getting tired
5) $HUYA Gapping down on Market down (48.57)
Stock Gapping down -$2 SIMPLY buy the gap down at $46.50 area go long, pop it before the open then let it flush back down then buy the weakness and let it rip for fun today before getting tired
6) $NEW Recent IPO getting the $AVLR look (28.80)
Stock Gapping up +1.60 look for this to pop at the open followed by a nice sell off, I would like to see $28 spot or under and go below yesterday’s close then let it rip to new highs, I would love for this to play out like $AVLR did yesterday. should be fun
7) $WB Market gapping it down plus Tariffs negative dragging it down as well (107.31)
Stock Gapping down -$4 would look for this to pull a tad more at open maybe to $101 area then look to go long and bounce it back to $105-$106 then look to fade it back down. IMO this should simply fill the gap back up before any kind of fade on it
8) $RHT Downgrade Raymond James cuts to Market Perform BUT BMO raises to $192 from $180 (176.27)
Stock Gapping down -3.5 I would BUY some here at $173 room to add at the open then look for this to have nice pop at the open then top off then fade some, IF this yanks to $170 and under….I am a BUYER this will rebound imo so enjoy let it setup
9) $BLUE Evercore out today with $230 PT from $175 (about time) (176.65) nice sell off yesterday today should be fun
Stock Gapping up +$3 took a starter this morning under $179 will give it room to pull at the open add on it then look for a nice slow move like to get $182-$185 or more on this call. Market is down -300 so for now just will take what I can get.
10) $NFLX Upgrade at Piper $420 Pt and Monness Crespi at $460 (390.40)
Stock Gapping down -2 would pick some up at $388 room to add at the open if it pulls look for this to get to $395 or more on this today. Strong PT now that Goldman set the standards
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Notable Calls:
$LRCX Lower on Market down (174.20) Gapping down -$3 would nibble some LONG at $171.15 room to $168 at the open then look to gap fill this back to $174+ then look to top it off and fade it all day back to lows,
$GEVO Nice overnight at $12 today stock hit $17+ (12.70) let this one pop some at the open then wait for the pullback on it to $13 or under watch for bottom curl then take a few long on it. should be fun today. If it just pops at lower lows set in then just fade it till it bottoms out
$CBIO Taking a starter at $9.35 room to add at the open (9.11) bounced nice off the $9 spot last night, they are going to do a presentation on the 21st at JMP Securities should be interesting to say the least to maybe address what happened
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