1) $SOLY still in Play today after yesterday’s run, announce NO OFFERING (18.50)
Stock Gapping down -$1.5 keep an eye on this IF buyer comes in at the open strong with 500k-750k this will run fast through $20 if this pulls hard at the open watch the $15.50-$16 area then a quick 1-1.5 point scalp then if no volume stock should simply sell off back to $13-$14 and under Let this set up at the open for us all
2) $CEI announce acquisition on Lineal Star Holdings (2.03)
Stock Gapping up +$.50 I’m NOT impressed with this purchase, However let’s see if we get a push to $3-$3.50 at the open this must push to $2.85+ with volume to get it through $3+ then we can top it off and slow fade it back down to $2.25 and under. If this yanks and sells off at the open watch the $2.10-$2.15 area see if we get a buyer. MY hope is we pop and fade all day back and fill the gap.
3) $NOAH having Credit Issues with 1 of their affiliates (35.60)
Stock Gapping down -$2.50 I’d like to see small pop at the open to $34.50-$35 area if it comes then top it off then slow fader back to pre-market lows, if this yanks at the open hard watch the $30-$31 area to go LONG and bounce this baby back 2-3 points to fill some of the gap
4) $DVA Trump to Unveil initiative aimed at shaking Kidney care Market (55.51)
Stock Gapping down -$3.20 I would nibble small long at $52 area room to $50 if it pulls then look for a nice 2-3 point bounce on short covering then slow all day fader. The more it pulls at the open imo better the range on the bounce for us to fill some or most of the gap
5) $LITE Gaping up on $CSCO buying $ACIA (51.65)
Stock Gapping up +$3.25 IMO this is nothing more then a gap fill short to $52-$52.50 and under then bottom curl then slow move to the upside, if this pushes a little more at the open top it off at $55-$56 area and short this baby back down to $52 and under. LITE always fills their gaps
6) $IPHI Gaping up on $CSCO buying $ACIA (52.72)
Stock Gapping up +$2.50 I would nibble some short at $55 area room $56 if it comes higher the pop better the short on the gap fill, I’d like to see this come back to $52.50-$53 and under then bottom curl then slow all day move to the upside
7) $LNN Earnings Miss Miss across the board. (79.55)
Stock Gapping down -$5 I’d like to see a little more pull at the open towards $72 and under then watch for bottom curl then a nice 2-3 point gap fill short covering, I would love to see this sell off today on their bad numbers. IF this pops at all watch the opening to $75+ if it hits it should run to $77-$78 real fast then top it off and short it for an all dayer
8) $BYND Another Day of Fun on this one (156.67)
Stock Gapping up +$2.5 I like to see small push at the open to $160-$162 then gap fill pullback to $156-$158 bottom curl then another 5-7 point run then it should grind out like normal
9) $MMM RBC Cuts PT to $176 and downgrades to Sector Perform (169.19)
Stock Gapping down -$3 I would nibble LONG the $166 area room to $165 at the open if it pulls at look for a nice gap fill push to $168-$168.50 top it off then slow all day fader, if this yanks at the open to $164-$165 I simply would add to my long position and bounce it 2-3 points
10) $NFLX Gaping up on they tweeted strong Viewership in “Stranger Things” (376.16)
Stock Gapping up +$3 would take a few short at $379 area room to $380-$381 at the open look to gap fill this back down to $375 and under bottom curl it then slow all day move to the upside. Higher it pops better the short for us
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Notable Calls:
$SRPT Morgan Stanley out with an upgrade and PT increase from $165 to $220 (146.28)
Nice PT Upgrade I like it A LOT!!!! Gaping up +$3.20 I’d like to see a push at open to $152-$154 area at the open if it comes then look for a 2-4 point pullback gap fill then bottom curl then slow move to the upside, if this gap fills at the open and pulls to $147.50 and under I would look to go LONG the stock for an all day move to the upside.
$FMS President Trump possibly unveil plan to shake-up Kidney care market (39.44) Stock gapping down -1.30 I’d like to see this pop at the open towards $39+ then lean into it short and look for a nice slow all day fader on it, if this pulls at open to $37 and under go LONG and bounce it
