1) $FRAN Cross River Capital BUYS 95,000 shares at $4.03 (3.39) Soooo what size is small
Stock Gaping up +$2.20 IMO I’d like to see this small pop then sell off and gap fill back down to $4 and under, I’m not impressed at the size of the buy or the fact they bought a hell of a lot cheaper I believe at $4.03 they bought it, doesn’t make sense this gap up, More it pops at the open better the fade for the gap fill, let this setup for us
2) $XBIO 2.3 Million at $6.5 with Warrants (10.85)
Stock Gaping down -50% would nibble long at $5.75 and under start small in case of pull to $5 at the open like to see this rebound back through $7-$7.5 small fill at 2.3 million stock getting gutted this morning
3) $NUS Cyrs Guidance Multiple downgrades to $35-$38PT (45.51)
Stock Gaping down -$10 would nibble small long at $35 room to $33 at the open look for the stock to short cover rebound back through $39-$40+ then top it off then slow all day fader back to lows, IMO shorts should cover first then we short the stock for an all day fader on it. More it pulls better the range for us on the short covering
4) $FMS CVS trying a new product (39.50)
Stock Gaping down -$2 would nibble some LONG $37.75 area and under look for small pull at the open to $36-$36.50 bottom curl it then slow move towards $38.50-$39 by end of the day
5) $DVA CVS trying a new product (57.70)
Stock Gaping down -$2 I’d like to see this slow move back to $57+ or more today, take small $55.50 and under give it room to $54 watch for the bottom curl then slow move to the upside , more it pulls better the range to the upside
6) $SGEN Earnings Beat MIXED (63.18)
Stock Gaping up +$5.50 imo I would nibble some short at $69 area room to $70-$71 top it off look for the stock to give back 2-3 points to the downside. IMO this is up too much, let it squeeze then look to fade the stock
7) $CSX Earnings Miss (79.55)
Stock Gaping down -$5 I would nibble some long at $73 area and under like the stock to rebound back up to $77-$78 on short covering then look to fade the stock all day back to lows
8) $QCOM higher on reports DOJ appeals court ruling (75.67)
Stock Gaping up +$5 IMO this is nothing more then a fade gap fill back to $76.50 and under more it pops at the open if it does again should simply be a short on the gap fill
9) $RL Goldman Sachs downgrades $RL to $103 PT from $124 (115.20)
Stock Gaping down -$4 NO MM’s on it I’d like to see this small pull at open to $110 and under then let it gap fill back to $114-$114.75+ then all day fade more it pulls at the open long it for short covering squeeze Typical Goldman Sachs, let it set once the buyer comes in to short cover she is all yours to the upside
10) $CTAS Earnings Beat in-line guidance (239.44)
Stock Gaping up +$16 would nibble some short at $255 room to $258 at the open looking for this to gap fill back down to $245-$247 and under, think this is up way too much on the numbers given, I don’t see anything that impresses me on the report
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Notable Calls:
$TSLA Baird & Morgan Stanley both out positive again with $355 PT (252.38) Gaping up +$4 like to see this small pop at the open towards $258-$260 then top it off then look to gap fill this back down to $254 and under bottom curl then slow all day move back through Pre-Market highs, if this pulls at the open to $254 then look to go LONG the stock for all day slow move to the upside
$HTHT Earnings Mixed (34.83) Gaping down -2.10 I’d like to nibble a few LONG at $32.75 area room to $32 and under at the open looking for this to gap fill back to $34+ if this pops at open to $34 on short covering look to top it off then slow all day fader back to pre-market lows, more this yanks at the open better the range to the ups
