1) $CRON Weed stocks up across the board TLRY CGC (8.54)
Stock Gapping up +.75 would take some short at $9.25 room to $9.50+ at the open if it comes gap fill it back down to $8.80 and under watch for bottom curl on it
2) $NEWA Think we bounce this thru $12.50-$13.50 on there statement yesterday (11.80)
Stock Gapping up +.20 just simply like to see this pop at open and bounce some after statement issued yesterday that they didn’t sell any stock at all
3) $ICHR Earnings Beat (21.67)
Stock Gapping up +$2.5 would take some short at $24 level add on any pops look for quick money on the pullback to $23.50 and under for quick money.
4) $GPS Earnings Miss (32.44)
Stock Gapping down -$3 I like to see small short covering pop at the open to $30.50-$31 then scale in short for a nice all day slow move to the downside, think this has the potential to sell off all day like $LB yesterday, if this yanks at the open to $28 and under go long and bounce it
5) $UBNT Earnings Mixed (83.00) was up earlier to $89
Stock Gapping down -$3 would nibble some long here at $80.50 see if it bounce at the open to $83+ watch for topping on it, if this yanks at the open hard to $77 and under I am a buyer on the bounce for 3-4 points to the upside.
6) $ROST Earnings Miss (95.03)
Stock Gapping down -$5 I like to see small pop at the open on short covering to $93+ then scale in short and look to fade off most of the day, if this yanks hard at the open to $88 and under bottom curl it and look to go long on the stock for a nice bounce
7) $CBPO decided to reject Buyout offers (100.90)
Stock Gapping down -$13 took a few long at $88 sold at $90 will look for any pullback at the open and trade it again, I think this should bounce back to $94+ today maybe even at the open but if it yanks to $80-$85 I am buyer on the bounce for sure.
8) $SPLK Earnings Beat Multiple upgrades (107.73)
Stock gapping up +$10 I like to see small pop at open towards $118-$120 then lean into it short and gap fill it to $110-$112 area or under on profit taking. Higher it pops better the range for us on the downside
9) $ADSK Earnings Beat (136.31)
Stock Gapping up +16 I like to see a squeeze at open towards $153+ if it comes then lean into it short grab a few and look for a nice gap fill profit taking to $145-$147 and under, if this pulls at open simply cover your position and move on.
10) $ANET Being added to the S&P Index (282.61) Great News for Shareholders
Stock Gapping up +13 took a few short at $295 will give it room to $300 at the open simply looking for a $290 and under gap fill before leg up on the stock . Great news, but up a little too much here imo. Willing to see if I win on the pullback gap fill
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Notable Calls:
$NFLX Upgrade from SunTrust to $410 (339.17) Gapping up +$8.50 Took a few short at $347 will give it room at the open, simply looking for a gap fill pullback
$OSIS Multiple upgrades this morning Roth $89 FBR $92 (77.16) I like the upgrades and PT gapping up +2 no MM’s on it. Let it pop at the open towards $80-$82 if it comes scale in short and gap fill it back down to $78 and under then scale in some long for all day slow move to the upside
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