1) $ZGNX up on resubmit NDA (39.41) So stupid stupid stupid stupid
Stock Gaping up +$13 imo this is nothing more then a sell off to $45 and under, if this pops again at the open towards $50 watch for topping on it then slow all day fader again on it, more it I just don’t see anything more then $42-$43 on this but would settle for a fade to $45 and under
2) $VRCA positive Phase 2 “study” results (9.48)
Stock Gaping up +1.5 imo this is nothing more then a pop and fade back to $10 and under, more it pushes out of the gate imo this should slow fade back to $10 and under this is a study not primary endpoint met
3) $AAOI Interesting Rosenblatt issues $10PT to Neutral (9.49)
Stock Gapping up +1.60 IMO this is nothing more then a short would nibble some here at $11.15 give it too pop at the open top it off then slow all day fader back to $10 and under this is stupid
4) $DOVA FDA approves supplement New Drug application (10.59) Sooooooo
Stock Gaping up +$4 decent volume, like to see this push at the open a little more towards $15 possible $17 move on stupidity, then look for topping would love for this to set up for a slow all day fader to $12 and under, if lower lows set in right at the open should fade to $12 and under
5) $KBH Nice strong Earnings Beat (23.53)
Stock Gaping up +$2 like to see this pop a little more at the open towards $26-$27 if it comes then look for slow gap fil fade back down to $24.50 and under, if this yanks right at the open to $24-$24.50 bottom curl it then look to go long on it for all day slow move to the upside.
6) $APOG Reaffirms guidance 5 cents better on #Earnings NOT impressed (39.40)
Stock Gaping up +$2.60 like to see this pop a little more at the open towards $43-$44 if it comes then look for gap fill pull back to $40-$40.50 and under, if this pulls at the open to $40 spot or under bottom curl it slow all day move to the upside should set up nice
7) $MLHR Earnings NOT impressive BUT they increase dividend (37.83)
Stock Gaping up +5 like to see a little more push at the open would love to get $43-$44+ then top it off then look for a 2-3 point pullback on it or more, if this pulls at the open to $39 and under watch for bottom curl on it then slow all day move to the upside should be fun once this settles down
8) $ZM VZ joined forces with $ZM (86.33)
Stock Gaping +$2 like to see this push at the open towards $90-$92 then look for some gap fill pullback I don’t think we see more then $87-$87.25 and under then bottom curl it and watch this thing rip, I would love to get $87 on it onr under once buyer comes in this has range and should be fun this $VZ news will give this stock some life today
9) $BYND Chanticleer Holdings announce $BYND meat they will offer July 1 (160.48)
Stock Gaping up +$4 look for this to sell off would prefer to $150-$153 pull at the open on profit taking, if this pops again at the open watch for $160-$162 as topping it will be quick then look for a nice pull on it and pull it below $150 if this yanks that $150 area or under watch for buyers to come in. Everything $BYND says in an over reaction and creates volatility they issues headline almost everyday, I believe when they stop this is below $100
10) $BA FAA delaying 737’s also negative news $BA knew with held info (374.94)
Stock Gaping down -$25 OMG anything under $350 is a BUY I don’t know what else to tell you, This is just another small hiccup but in the end all this does is create BUYING opportunities for investors, I think these headlines truly create investor opportunities more then anything, If this pops at open towards $370 then look for a nice fader if this pulls at open I don’t see more then $355-$360 on the bottom curl
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Notable Calls:
$ROST Goldman cuts to sell rating puts a $91PT from $102 (102.40) Gaping down -$3 like to see this pull at the open a little more like $97-$98 area then watch for shorts to come in and cover some should push it back through $100-$101 then top it off then look to sell it off, if this gap fills which I don’t think this will, no worries add to it then slow fader on it more it pulls better the range to the upside
$JWN Goldman out with a sell rating and $30PT (32.20) Gaping down -1.20 I would like to see full gap fill then top it off then look for a nice fader on it more it squeeze better the range if this pulls at the open watch under $31 area then look to go long on it
$PECK announce 17mil agreement to construct a Solar Portfolio (6.55) STUPID but this is a crazy stock Gaping up 1.75 I’d like to to see this push at open to $10 spot or more then possible $12 then slow fade, thin stock use wide stops give it room, if this pulls at open to $7 and under nibble long, once this runs its gone…..
