1) $LITB Earnings Beat (2.86)
Stock gapping up +1.10 do not long this unless pop at the open to $4 then you can chase a few to $5 then look for topping and short it right back and gap-fill it to $3-$3.25 and under if this small pops at the open and breaks $3.60 we should get it back to $3-$3.25 and under then get some buyers to come in, NOTE this stock is a bagholder and everyone will be dumping at the open IMO
2) $MNPR partner with Aragen for testing therapeutic for Covid-19 (5.58) S T U P I D
Stock Gapping up +1.25 do not long this crap unless pop at the open to $7 then quick push to $8-$8.50 then be done with it if small pop and lower lows set in simply looking to fade this right back to $5.60 and under S T U P I D
3) $VIPS Earnings Miss (23.91)
Stock Gapping down -3.50 do not long this unless pop at the open to $21 clear that then you get a solid move to $22.50-$23 then be done with it if this snaps at the open watch the $18.50-$19 areas for bottom curl and nail the short-covering squeeze back to $20.50-$21.50
4 $ATGE Earnings Miss NO MM’s or Trading on it yet (35.97)
Stock Gapping down -3.97 do not long this unless pop at the open to $32.50 then look for a quick short cover push to $34-$34.50 then be dome with it to the long side if this yanks at the open watch the $28-$30 areas for bottom curl and volume to come in and walk it back up to $33.50-$34.50
5) $IMVT up ONLY Because $MNTA received a buy-out from J&J (27.51)
Stock Gapping up +5 do not long this unless pop at the open to $34 then quickly move to $36-$37 then lean into it short, IMO this will small pop and once you snap $31 short it and look to gap fill this right back to $28 and under IMO
6) $TJX Earnings Miss (57.45)
Stock Gapping down -3 do not long this unless pop at the open to $55 then take it to $56.60-$57 then be done with it on the long side if this snaps at the open watch the $50-$51 areas for bottom curl then slow move to the upside for a nice all-day move towards $53-$55 on it
7) $BMRN FDA issued a CRL for valoctocogene (118.54) NO PT Downgrades yet
Stock Gapping down -21 I like this for a bounce would nibble very very small at $84-$85 area this gets through $90 we get 5-8 more points to the upside, I do not see this going any lower thanp $75-$77 on it, so the bottom will kick in and we get a solid move to the upside, Expect $BMRN to come out and respond to the CRL letter and calm down investors. I WILL BE PLAYING THIS
8) $GLPG FDA sent a CRL to partner $GILD on new arthritis drug (188.08) This is a setback
Stock Gapping down -52 do not long this unless pop at the open to $138 then chase a few for 5-10 points or more then be done with it, if this snaps at the open watch the $132 area hit that we go straight to $125-$127 then we can look for the bottom curl, but once that curl sets in we can nail it for 10-15 pts to the upside I WILL BE PLAYING THIS TODAY
9) $TGT Blow out Earnings Report (136.90) B L O W O U T
Stock Gapping up +11 do not long this unless pop at the open to $150 if that hits grab some for a solid move to $153-$155 then watch for topping to short wait for the $146 pull then you will get a little more towards $140-$142 and that’s it then bottom curl and solid all day move to the upside THIS WILL NOT GAP FILL SO DO NOT THINK IT WILL
10) $BURL NO NEWS think because $TJX is down and $TGT up (199.95)
Stock Gapping down -6 do not long this unless pop at the open to $195 then go ahead and take it back up to $198-$199 then be done with it if this yanks at the open let it pull hard to 185-$187 and under then watch for the bottom curl to the upside for 4-7 points or more
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Notable Calls:
$SHOP Gapping down for another fun day (1024.71) Gapping down -6 do not buy unless pop at the open to $1024 then quick push to $1035-$1040 then look for the nice 20-25 point sell-off, if this snaps at the open watch the $990-$995 and under on it then bottom curl it then solid all-day move back up
$IRTC #Offering 1.093million at $175 (175.38) Gapping up +10 I love love love this to drop right at the open to $173-$175 and under then grind for a little then start to pop and get back up to the $180-$185 pre-market highs if this pops at the open scale in short and look for the solid sell-off on it
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