1) $BLIN Started a website…..LOL BUT has SERIOUS volume this morning SERIOUS volume thick too (1.31)
Stock Gapping up +1.80 I would like to see this set up and get thru $3.10 short trap a few and let it rip, this is a former runner so be careful initially on the short side, IF it fails to break out and lower lows set in then look to fade it all day. This is thick and has volume so this is a little different the others so be careful on quickly wanting to short it
2) $WHD Issues downside guidance (35.60)
Stock Gapping down -$2 this will hurt the stock, so I would like to see this pop fill some gap to $34.90+ area then look for an all day slow fade to the downside, If this yanks at the open to $31.50-$32 would play for quick pop on it then top it off and fade it all day to the downside
3) $VNE Morgan Stanley out with an upgrade to BUY with $55 PT (43.42)
Stock Gapping up +1.25 I like the upgrade, would prefer a pop at open for quick money to $45+ then slow fader all the way back and fill the $43.50 gap then look to go long on it, Higher the pop better the short for us, if this pulls at the open and gap fills to $43.50 then look to just go long it
4) $XLRN Achieved Primary endpoints with $CELG interesting here UBS $62 & Piper $52 hmmmmmmm (47.40)
Stock Gapping up +$3 I like to see this pop at the open on short squeeze to $52+ then look for topping then look to fade the news, if this pulls at open and gap fills back down to $48.50 and under I would go long for an all day slow move to the upside, this hit $55 after hours yesterday so be wary of that.
5) ************$MYOK BofA out with a $71 PT NEW BUY Rating (52.90)
Stock Gapping none, I think the MM’s will pop this at the open towards $55+ if they do…SHORT IT, higher it pops better then fade, this will need to gap fill first before legging up. I love love love this call so I would consider BUYING 60 weekly calls at the open cause I think we may get close to that in a week or so
6) $SPLK Downgrade at Evercore no PT set (102.15)
Stock Gapping down -$2 I like to see this pop back at open over $101+ then scale in SHORT for a nice 3-4 point fader on it, $SPLK tends to be sensitive to downgrades, if this pulls at the open hard to $98 and under this will rebound so play the 2-3 point short cover gap fill before shorting it
7) $URI Gapping up on Conference and raising some guidance up thin (155.11)
Stock Gapping up +$4 I like to see quick pop at the open towards $157-$158 then look for a nice gap fill pullback on it to $156 or a tad under then look for bottom curl on it then look for a nice all day slow move to the upside. This is up thin, so imo this should fade back down off the initial pop out of the gate, just wait for it to set up
8) $TSLA Musk being 1st in line to raise car prices in China (318.51)
Stock Gapping up +11 I think this is a little over blown up here I like to see this fill a $320 Gap or more then look for a nice all day slow move back to highs, It doesn’t take much for this stock to pop and stupid news, and imo this is nothing then Fluff….YES he is raising the Prices to off set the Tariffs……………..doesn’t mean China will buy the damn cars for his new price!
9) $BIIB Baird out with a Neutral call on the stock with a $323 PT (354.00)
Stock Gapping down -$4 I think we get more of a fade today on this stock, so I actually would take some short here at $350.15 nibble let it rush at open to $352+ then watch for an all day fader to $340 and under. I think today this comes down more and this gap down really helps.
10) $CMG Mizhuo out HUGE this morning knocking this down to UnderPerform with $330 PT (463.89)
Stock Gapping down -9 I like to get a quick pull at the open to $450 and under then bounce it for 5-10 points then look to fade this all day long. If this Pops at open let it short cover gap fill to $458+ then scale in SHORT for an all day fader on it. Should be fun
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Notable Calls:
$CELG Positive Phase 3 Believe Study (83.85) Gapping up +$2 I would like to see small pop at open towards $86+ then look to fade it back down to $84 and under, I don’t see this gap up holding. If you take some short now, nibble and allow it to pop and fade it back down.
$IQ Gapping down a little (31.82) I would take a few LONG at $31.50 room to add on pullback let it squeeze at the open and rush to $33+ then look to fade it back down for 1-2 points. If this yanks at open to $30 and under go LONG this WILL squeeze
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