1) $ABIO FDA meeting positive however this is a preparation for a much needed ATM (.81)
Stock Gapping up +.45 think this simply pops at open then look to top it off and fade it back down to $.95 cents and lower this is mostly for the short sellers in here imo
2) $MX Earnings Beat (11.20)
Stock Gapping up +$2 I like to see a little more pop at the open closer to $14+ then watch for topping on it then look for a nice complete gap fill on it to $11.50 alot of back holders on this stock, so keep and eye on it.
3) $LL Earnings Miss (24.37)
Stock Gapping down -$4.50 I would take some long here at $19 and if it pulls at open to $18 would average. I’m looking for a nice short covering pop thru $20-$21 then top it off and look to fade it back down. If this yanks to $17 at the open I am a buyer and will play the short squeeze bounce on it
4) $NTRI Earnings Miss ($38.08)
Stock Gapping down -2 points like to see a pull at open to $34.50-$35 go LONG and bounce it for 2-3 points on short covering should be qucik and easy on it.
5) $CGNX Earnings Beat (44.25)
Stock Gapping up +$4.50 I would be looking to start a few short here at $48.75 with room to $50 at the open think this gap fills back down to $46-$46.50 then look or a bottom curl then slow move to the upside, if this yanks at open to those areas cover and go long for a slow all day move to the upside imo
6) $TXRH Earnings Miss BUT multiple analyst out saying BUY the weakness at $57-$58 area (66.09)
Stock Gapping down -$7 This has been a solid buy since yesterday after hours at $55 area I think this will move to $62-$63 at the open then look to fade it back down to lows. IMO this has already made a huge move since yesterdays bottom of $55 so look for quick pop at open for a little more short covering if $63 comes or more, I would be looking to short the stock
7) $SHOP Earnings Miss (148.08)
Stock Gapping down -$15 I like to see this pop at open would ake a few long at $133 and get it thru $135-$137 then look to top it off and fade it, I think shorts will come in and cover this, if this yanks at all at the open towards $130 and under I would be a buyer and look to play this for a quick 3-5 points on short covering
8) $ACHC Earnings Miss (43.10)
Stock Gapping down -$4 I like to see a little more pull at the open maybe we get $38 on it or under then bounce it for 2-3 points on some short covering then top it off and fade it, More it pulls at open better the bounce play for us. So keep an eye. If this pops at ope towards $40-$41 that should be top on it then look to fade it off
9) $ILMN Earnings Beat Mutiple upgrades ranging from $310-$350+ (289.24)
Stock Gapping up +20 points I like the beat but think this is a little over done on the upside. Would nibble small here at $308 short with room to $312 at the open then look for a nice gap fill to $295-$297 on a pullback on profit taking think this comes down hard on Profit taking so watch for it.
10) $CMG Gapping down on Ohio store shut down cause of Lettuce issues (465.47) This was down to $450 last night open at $461
Stock Gapping down -15 points this is a bit overdone, I would be nibbling LONG some here at $449-$450 and with multiple upgrades this morning all above $500+ I like to see this rebound nice at the open to $460 or more, Think this weakness should be bought up and enjoy a nice 5-10 point move to the upside.
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Notable Calls:
$VRNS Earnings Miss (71.90) Gapping down over -14 Points (71.90) Most downgrades are around $70PT think this is a bit overdone going long a few at $57.50 looking for a 2-3 point play on it towards $60+ on short covering at the open then let it top and fade
$HYRE Recent IPO getting some action this morning small float could run a but keep an eye (3.32) Gapping up +$1 look for some gap fill to $3.65 and under watch for bottom to set in then look to go long the stock. If this pushes at open thru $4.50 LONG it for a quick .50 to $1.00 for quick money
********$IPGP Issue bad guidance missed on Earnings (224.30) down -45 points I would nibble a few long at $179 room to $175 look for this to rebound some back to $190+ then dump it, this will get hurt today but at least play the quick short covering bounce on it for quick money then bail on it, if this yanks hard at open to $175 and under I am a BUYER on this stock
