1) $HOOK received FDA Clearance for Phase 1/2 (6.68) SOOOOOO WHAT!!!
Stock Gapping up +$2 News is dumb however stock has room to run, so let it push at open towards $9.50-$10 if it comes then let it pullback 1-2 points and head back to $7.80 and under, if this yanks and sells off at the open to $7.80 and under watch for bottom curl and BUYER I will spot him out then we run the stock for a few points Let is set up
2) INFY Raises Guidance Earnings Mixed (10.72)
Stock Gapping up +$.70 like to see small pop at the open towards $12 if it it comes then slow gap fil fader back to $11 and under bottom curl then slow move to the upside, if this yanks at the open to $11 and under would go long on it for slow all day move to the upside
3) $SFIX Goldman raises to BUY rating with $38PT (28.12)
Stock Gapping up +$2 would nibble some short here at $30+ area room to $31 look to gap fill this back down to $28.65 and under bottom curl it then slow move to the upside, if this yanks at open cover your short and enjoy, if this pops higher at the open then just simply look to add to your short and gap fill this
4) $GRUB Stifel indicates yesterday’s news is a BUYING Opportunity Reiterates $110PT (74.00)
Stock Gapping flat I like to see this actually pop at open to $75-$76 then nice sell off as normal gap fill it to $72.50-$73.50 pullback bottom curl it then slow all day move to the upside on it. More it pops at open better then pull back short, more it pulls at the open better the range to the upside. Either way we win on the trade
5) $BUD Asia is having issues pricing the Hong Kong IPO (89.66)
Stock Gapping down -$2 I like to see this pop at the open towards $88.75-$89+ then top it off then slow fader on it, if this yanks at the open hard let it flush out to $86-$87 and under then fresh buyers will come in and rock this back up to gap fill
6) $ZM Stephans (Tier 3) firm announce $115 PT (91.40)
Stock Gapping up + 1.35 like to see small pop at open towards $93.50-$94 then nice gap fill pullback to $91 and under bottom curl it then slow all day move to the upside If this yanks at the open watch the $90-$91 area as fresh buyers come in and walk this back up to Pre-Market highs
7) $BYND another day of range for fun (174.20)
Stock Gapping down -$3 like to see small pop at the open towards $173-$175 top it off then the normal gap fill sell off to $167-$168 area and under bottom curl then another run on it, if this pulls hard at the open watch the $165-$167 area as bottom then look to play on the first spike when buyer comes in like we always do
8) *********$IIPR Prices 1.3 million #OFFERING at $126 (137.62)
Stock Gapping down -11 I would be BUYING small here at $126.25 with room to $125 this should be a quick fill with the size looking for the stock to rebound back to $128-$130 area
9) $ILMN Earnings Miss sell off should give us BUYING Opportunity (363.66)
Stock Gapping down -$52 I like to see pull at open at $298-$301 area I like the bounce 10-12 points off of that, 2 times it has bounced off the $300 area so keep an eye on any pullback near there, if this pops at open towards $320-$325+imo I would short it for an all day slow fade back down to $300
10) $NFLX BofA out 1 week prior to Earnings upgrading the PT to $450 (379.50)
Stock Gapping up +2 I would like to see small pop at open to $383-$385 if it comes then gap fill it to $378 and under bottom curl it then slow all day move to the upside, if this pulls hard at the open watch the $378-$379 level or a tad under bottom curl slow move to the upside
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Notable Calls:
$MDGS Small cap pump and crap up on a large order for device (Nice work Janni on it) (2.26) Any pop at the open imo to $4 spot I would look to gap fill fade this all the way back to $2.65 and under, more it pops better the fade. May have received an order but nothing is paid yet. Fill the order show me the payment and results then we can let it fly if not, POP and short it
$NVDA upgraded from Tier 4 Firm to $190 PT (166.28) Gaping up +$1.5 would like to see small pop at the open towards $170 then decent 2-3 point pullback on it then bottom curl then slow move to the upside for points, if this yanks at open watch the $165 and under bottom curl fresh buyers to come in
