1) $FBIO Tier 4 firm Dawson James putting $19 PT on the stock this morning (1.58)
Stock gapping up .13 cents would take some on a SWING idea here at $1.75 room to add at the open when it comes on gap fill to $1.62 and under look for the stock to run to $2.25-$2.50+
2) $RKDA made a deal with Arista Cereal on wheat (6.47)
Stock gapping up +$2 I would like to see small pop at the open towards $8.50-$9 top it out watch for lower lows to set in and look to fade the stock all day back to $7 and under, if small pop at the open and lower lows set in this will simply fill the gap back down to $6.75-$7 and under
3) $DISH double upgrade from Raymond James to strong buy with $44 PT (31.04)
Stock gapping up +$1.40 would like to see small pop at the open towards $33+ then look for a gap fill pullback to $31.50 and under on any pullback and then scale in long for an all day slow move towards $34-$35 on this call today
4) $MDCO top line results for Phase 3 clinical (35.03)
Stock gapping up +$4 I like to see small pop at the open towards $42-$44 if it comes on short squeeze let lower lows set in then look for a nice sell-off on profit taking towards $36.50 and under, if this yanks right at the open to $36-$36.50 watch for bottom curl then slow all day move to the upside
5) $CREE downgrade to Underperform by Piper Jaffray $38 PT (47.10) TOP SHORT IDEA
Stock gapping down -1.25 you can nibble small starter here at $45.75 give it room to $46.80 at the open have a nice average then look for the stock to slow fade all day long, would love to see $42-$43 on it today, if this dumps at the open to $44 and under watch the quick bounce then top it off and we fade it slowly all day to the downside
6) $NTAP Raised from Underperform to “Market Perform” with $45 PT (45.43)
Stock gapping up +.50 would like to see small pop at the open towards $47+ then lean into it short look to gap fill this back down to $45.25 and under then watch for bottom curl, all I am looking for is quick pop and short fade to gap fill this, upgrade makes no sense
7) $PLAN JMP Securities raises stock to $61 PT (57.09) Nice short idea
Stock gapping up +$2.79 would nibble some short here at $59.50 area room to $60.50+ at the open look for this to gap fill back down to $57.25 and under on gap fill profit taking, then slow bottom curl all the way back to pre-market highs should be fun
8) $BYND HUGE HUGE NEWS YUM Brand (KFC) looking to try their product (146.85)
Stock gapping up +10 like to see a little more pop at the open towards $158-$160 if you take some short here at $156 take it small then look to add on the pop out of the gate then look for a nice gap fill to $150 and under bottom curl it then slow all day move back to highs
9) $TTD Market pushing nice this morning (246.43)
Stock gapping up +$5 would love to see small pop at the open towards $252-$254+ then look for some gap fill pull back on the stock to $248 and under bottom curl then as long as market holds slow all day move to the upside
10) $BA Market pushing nice this morning (356.01)
Stock gapping up +$9 like to see small push at the open towards $367-$369 lean into it short look for this to gap fill back to $358-$360 area on any pullback bottom curl then slow move to the upside, if you take now short here at $365 give it a little room then watch for the quick pullback dip on it then slow move to the upside
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Notable Calls:
$CRWD gapping up on market pushing (88.43) gapping up +$3 would like small pop at the open then look for this to gap fill back down to $89 area and under bottom curl then slow all day move to the upside on it
$BMY confirm deal with $CELG to divest OTEZLA (46.58) gapping up +2 I would take small short at $48.50 area room to $49.50+ at the open looking for this to slow fade gap fill back down to $47 and under, if this dumps at the open and gap fills, cover your short then look for slow all day move to the upside, imo higher this pops at the open better the gap fill for us
$DPZ This hit a 18 month lows at $225 would love to see this rebound back through $230-$232+ area then keep an eye on the market for possible grind out, if this pulls at the open to $222 and under I will add to my position on it and look for slow move towards $230+ on it
