1) $FLDM Receives EUA from the FDA for saliva-based Covid-19 (8.79) S T U P I D
Stock gapping up +1.50 Citron out long now of the $10 spot with $25 PT would nibble the long at $10-$10.50 look for a move to $12+get through that then look for a move to $14 then we will go from there. If this snaps at the open at this point I do not think it will but if it does look for a move to $9.50-$10 again and then bottom curl it, I will play this one an done if it gets the momentum
2) $PSTG Earnings Miss A G A I N (16.75)
Stock Gapping down -2.25 do not long this unless pop at the open to $14.80 clear that then look for 1-1.25 pts on short-covering then look to fade the stock again back down to pre-market lows if this snaps at the open watch the $13.50-$13.75 for bottom curl and slow move to the upside
3) $IMUX SWING IDEA——— Piper Sandler out with HUGE PT Upgrade to $71 (14.42)
Stock Gapping up +4.20 this is huge so picking some up here at $17.50 adding on dips on the gap fill to $15.50 would have a nice average and buy and hold for a week, I think with this upgrade we should see $20-$22 on it today and possibly $25-$28 by next week. Closer it gets to the gap consider it a gift
4 $NIO Citi out with a raise to $18.10 Morgan out with a raise to $20.50 (17.84)
Stock Gapping up +1.80 do not buy it up here unless pop at the open at $19.40 then look for quick .50-.75 cents more on it then top it off then look to short it for 1-2 points to the downside if this snaps at the open watch the $18 area for bottom curl and slow all day move to the upside
5) $URBN Earnings Beat (20.80)
Stock Gapping up +4 do not buy this unless pop at the open to $25.20 then look for quick .50-1 more than top it off once this snaps $24.50 at the open would short it for quick 1-2 points to the downside then cover this will NOT gap-fill all the way but will give us a few points
6) $DKS Earnings Beat (46.67)
Stock Gapping up +7 do not long this unless pop at the open to $54 area then look for quick 1-2 points to the upside then watch for topping and look to bring this back down to $48-$49 and under if this snaps $52 at the open chase a few take it down to $48-$49 bottom curl it slow move to the upside. Conf Call starts in 30 mins
7) $PLAN Earnings Beat (47.82)
Stock Gapping up +12 do not long this unless pop at the open to $62 clear that go to $64-$65 top it off then look for some nice profit-taking gap-fill short on it, ideally wait for the $58 snap at the open than short it and chase it down to $49-$51 areas then bottom curl it then slowly move to the upside, I will be playing this on the short side with 500-700 shares
8) $TRUP Up thin in joining the S&P 600 (57.32)
Stock Gapping up +6.50 do not long this unless pop at the open-top $65 then look for quick 1-2 points more on it, otherwise, if this snaps $63 at the open chase a few short backs down to $59 and under and bottom curl it and slowly move to the upside
9) $SPLK Earnings tonight after the bell stock gapping up (203.62)
Stock Gapping up +6 do not buy this unless pop at the open towards $212 then quickly move to $214-$215 then watch for topping on it ideally want a snap at the open to $208 bring it down to $204-$205 bottom curl it and slow all day move to the upside
10) $CRM Earnings Blow out HUGE Beat (216.05)
Stock Gapping up +34 do not long this unless pop at the open to $250 clear that then you get to $253-$255 then look for some topping on it, if this snaps $247 at the open chase it SHORT and look to gap fill it at least to $230-$235 and under I will be playing this on the SHORT side with 350-400 shares if this hits the area I’m looking for
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Notable Calls:
$SHOP Gapping up on Market (1037.00) Gapping up +10 do not long unless pop at the open to $1050 then quick push to $1060-$1065 top it off then look for the nice gap-fill sell off back down to $1025-$1030 bottom curl and slow all day move to the upside if this snaps at the open and hits those areas go long for the solid move to the upside
$INTU Earnings Beat (336.42) Gapping up +20 do not long this unless pop at the open to $358 then look for 5-10 pts more to the upside then top it off then look to bring it back a few if this snaps at the open snaps $350 take it down to $340-$345 bottom curl and slow all day move to the upside
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