1) $SJ signed an agreement to acquire BeeLive and expand it (6.20)
Stock gapping up +3.50 do not buy this unless pop at the open through $10 then look for solid 1-3 point move to the upside and be done with it if this small pops at the open and can’t break out through $10 scale in short and gap-fill it back down to $7.00-$7.50 and under and be down with it
2) $FAT acquiring Johnny Rockets for only 25million (3.53)
Stock Gapping up +9 do not buy this unless pop at the open to $11 then look for a nice solid move to $12-$14 area top it off then look to short it if this small pops and lower lows set in look for the stock to give back to $6.50-$7.50 on it then watch for the bottom curl. I WILL BE PLAYING THIS ONE TODAY ON THE LONG SIDE
3) $SRNE out defending itself in a statement (12.41)
Stock Gapping Up +1.50 do not buy this unless pop at the open through $14.10 then look for the quick push for .50-1.00 more then be done with it and short it, if this breaks $13 at the open short it to $12 then bottom curl it and slow all day move back to pre-market highs
4 $RVLV Earnings Beat (19.50)
Stock Gapping up +4 do not BUY unless pop at the open to $24 clear that then get another 1-2 more points to the upside if this snaps $22.50 at the open chase it short and take it down to $20.50-$21 on profit-taking then look for bottom curl and solid all day move to the upside.
5) $PENN Upgrade to BUY with Goldman Sachs with $60 PT (49.76)
Stock Gapping up +4 would nibble some short here at $53.50 room to $55 once this snaps $52.50 at the open look for the stock to gap-fill right back to $50-$50.50 and under then bottom curl it for solid all day move to the upside
6) $VRM Earnings Miss (69.01) Analyst already upgrading the stock Buy on weakness
Stock Gapping down -11 I would be taking a few long at $56-57 area once we get through $59 at the open stock should gap fill back to $64-$65+ IF we get lucky again at the open and this pulls back to $52-$54 I would be a buyer on this no doubt and shorts will cover and squeeze it back up. I WILL BE PLAYING THIS TODAY FOR SURE!!!
7) $PTON getting smack on the idea $AAPL will be releasing $AAPL Bundles “Seymour” (64.36)
Stock Gapping down -3 do not long this unless pop at open to $62-$62.50 clear that then chase it for 1-1.5 points before stock sells off again if this yanks at the open hard watch the $55-$57 areas for bottom curl then solid all-day move to the upside
8) $YY Earnings Beat (82.00)
Stock Gapping up +8 do not long this unless pop at the open to $92 then quick 1-4 point push towards $95 top it off then look for the gap fill profit taking sell-off right back to $85-$86 and under, if this snaps $89 at the open chase a few a short to $85 and under then bottom curl it for a slow all day move to the upside
9) $AZPN Earnings Beat BIG BEAT (97.71)
Stock Gapping up +25 do not long this unless pop at the open to $123.50 then stock should run 4-6 points more to the upside then watch for solid topping and a nice 10-15 fade on it, should be really fun if this yanks at the open and pulls to $120 chase it short for 5-8 points to the downside this will NOT gap fill. ****I will be playing this today on the Short Side
10) $SPOT Down this morning on the idea that Palantir planning direct listing (253.29)
Stock Gapping down -4.50 do not long this unless pop at the open to $251 then look to gap fill it right back to $253-$255 the short it for a nice fade if this snaps at the open watch the $240-$242 area for solid bottom curl then nice all-day move to the upside should be fun
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Notable Calls:
$SHOP Gapping up on better Job Numbers (991.00) Gapping up +15 I would like to see a little more push at the open towards $1008-$1112 then look for decent 20 point pullback on it then bottom curl it then slow all day move to the upside if this yanks and dumps at the open watch the $975-$985 area pullback bottom curl it then solid all-day move to the upside for 20-25pts
$PING Earnings Miss (33.51) Gapping down -3 multiple PT upgrades do not BUY this unless poop at the open to $31 then chase a few for quick 1-1.5pts or more to the upside if this yanks or dumps at the open watch the $27-$28 areas for bottom curl & solid move to the upside for 3-4pts
$ZTO Earnings Miss (36.99) Gapping down -2 would like to see quick pop at the open short cover squeeze through $36 then all day fader on it, if this yanks at the open hard watch the $31-$33 areas for bottom curl and slow all day move to the upside
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