1) $LITE Gaping up on Senator Scott’s comments CNBC interview (54.54) SHORT SHORT SHORT
Stock Gaping up +2 YOU know how $LITE works traders so looking for $55 and under on the gap fill, keep in mind this is #1 pick so you know others are going to chase the open trying to get short so stock has room to $57+ just remember higher the pop BETTER the range to the downside.
2) $MYOV Hosting a call for Phase 3 update TOMORROW??? (8.17) Bunch of Crap IMO
Stock Gaping up STUPID $2 any pop at the open IMO is simply a gap fill sell off to $8.50 and under, However if this dumps right at the open to $8.50 and under bottom curl it then look to go long back to pre-market highs.
3) $CHMA announce positive Top-Line Phase 3 results (6.20) I actually like the news
Stock Gaping up +$1.30 I like to long this ONLY if we get the volume and the buyer BUT this must pop through $8 for me to really run this Traders, if this small pops and lower lows set in this will simply fade all the way back to $6.50-and under, so let’s see how it opens, I would love for buyer to come in and we run this to $9-$10 but without BUYER we will simply fade
4) $ACAD Phase 3 Primary endpoint did NOT meet (25.97)
Stock Gaping down -$4.5 I like to see some short covering towards $23-$24+ at the open then top it off then look for an all day slow fade back to pre-market lows, higher it pops at the open and gap fills on short covering look for the stock to fade, imo this shouldn’t even be up at all I am surprised with Phase 3 miss stocks normally get gutted so once the lower lows set in it should give us the short we want to the downside
5) $LOGI Earnings beat “Reaffirms Guidance” (39.81)
Stock Gaping up +$3.20 IMO this should simply gap fill back down to $40.50 and under then bottom curl then slow all day move back to pre-market highs. Reaffirms guidance doesn’t or warrant a gap up so look for this to come down a few bucks for us then bottom curl then slow move back up, more it pulls and gap fills imo better the range for us to the upside
6) $ZION Earnings Miss (45.23)
Stock Gaping down -$3 like to see this small pop at the open on some short covering to $43-$44 top it off then look for a nice all day fader on it, if this yanks hard at the open watch the $40 and under bottom curl it then catch 2-3 points to the upside on it for short covering
7) $EDU Earnings Mixed In-Line guidance (98.29)
Stock Gaping up +7 imo I would nibble some short here at $106.50 give it room to add at the open towards $108 if it comes and look for a nice 4-5 point gap fill sell-off Not seeing why this is up so much other then the conference call going on but once it’s done this should break watch for the $104 snap then we get the rest
8) $HAS Nice Earnings Beat (108.51)
Stock Gaping up +7 like to see a little more push at the open towards $118+ watch for topping then look for this to gap fill back down to $111-$112 and under bottom curl it then slow move back to pre-market highs. More it pulls better the range to the upside
9) $UTX Earnings Beat BUT conference call is going on so be careful (132.95)
Stock Gaping up +$3 like to see this pull towards $133-$134 and under then watch for bottom curl on it then slow all day move to the upside back to pe-market highs let this set up, they had decent earnings should have a nice all day slow move to the upside once this bottoms out
10) $BYND Crazy Crazy Crazy shorts are “hamburger” (194.20)
Stock Gaping up +$10 I like to short this small here at $204 level room to $206 at the open I do believe this will gap fill back down to $195-$197 and under before another leg up, this is up alot and I do believe strongly we will get at least 1/2 of this gap up back right at the open. So keep an eye on it
____________________________________________________________________________
Notable Calls:
$COLM Upgraded at BofA to BUY with a $130PT from $112 (102.17) Gaping up +$3 I like to see small pop at the open towards $106-$107 then scale in short and gap fill this back down to $102.50-$103 then bottom curl it then slow all day move to the upside, if you take short here at $105 give it room to pop but looking for this to gap fill back down before longing to the upside
********$KPTI SWING TRADE********* (8.33) JPM out with a BUY rating and $16 PT This should have a nice run in it today. You can nibble small long at $9 room to $8.50 on the pullback at the open have a $8.75 average look for the stock to run towards $10-$11+ on this upgrade today. If this gap fills all the way smile and enjoy the ride to the upside
$GLPG Gaping down on NO news (187.50) Gaping down -$6 like to see this pop at the open towards $185-$186+ then scale in short look for an all day fader on it to fill some more gap think offering is coming hence the sudden drop, if this pulls at the open to $179-$180 bottom curl it then look to go long on it
