1) $ARCI announce increase orders in Recycling (3.93) Stupid very dumb TOP SHORT IDEA
Stock gapping up +$2 imo this is nothing more then fluff news and a pop and all day fader. Watch for sheep to chase at the open through $6-$6.50 top it off watch for the lower lows then all day fade back down tp $4.25 and under. If this small pulls at the open and lower lows set in then simply and all day fader to $4.25
2) $MFGP Horrific report lowers guidance significantly (18.89)
Stock gapping down -$5 I would love to see a solid pull at the open towards $10-$11 spot if it comes then bounce it on short covering 3-4 points then all day fader, if this pops at all on short covering I don’t see higher then $15-$16 tops before smashing back down on an all day fader
3) $GES Earnings Mixed (15.04) mixed guidance and downside 3rd quarter (15.04)
Stock gapping up +2.5 like to see small short squeeze pop at the open towards $18-$18.50+ then watch for topping then gap fill profit taking sell-off to $15.50-$16 and under, If this yanks right at the open to $15.50-$16 then look for bottom curl and slow all day move to the upside
4) $NTNX Earnings surprise (19.60) imo this should NOT be up this high
Stock gapping up +$4.30 let this push a little more at the open towards $24.50-$25 spot top it off and look for a 2-3 point pullback on profit taking or more, if this snaps at open watch the $23.50 to short then take it down to $21 and under on quick pullback. I would love for small pop and then slow all day fader on profit taking
5) $RDUS Nice upgrade from Citi to $40 PT from $24 (24.90) Note this has been bought up
Stock gapping up +$1.60 like to see small pop at open to $27-$27.50 top it off then gap fill sell off on profit taking to $24.75-$25 area and under I will not buy this stock unless it pulls back under $24.90 or more then you can start leaning into it long, look at the last 4 days its been bought into, ideally love to see $24.50 and under on it and we go long for a #SWING
6) $JBL Nice upgrade from Citi to $36 from to $27 (26.18)
Stock gapping up +1.70 would nibble small short here at $27.80 room to $29 pop at the open then look for a nice gap fill sell off to $26.50 and under if $26.50 and under comes then start leaning into it long for a nice #SWING idea to $29-$30+ or more. I like the call and the range but wait for you entry on the long side. More it pops at the open better the range to the gap fill short
7) $OLLI another disastrous quarter Investors are getting tired of them missing (77.77)
Stock gapping down -$20 If this pops at open to $59 chase it for quick push to $62-$64 on it then all day fader back down to lows, I would prefer if this snaps hard at the open watch $51-$53 levels come in and then buy it for quick 5-7 point gap fill push, more it pulls shorts will come in and cover, ideally we want the pull, but if this pops at $59 level it will rush quick to $62-$64 on short squeeze then look for topping and all day fader. Higher it pops better the range to the downside
8) $ESTC Earnings Beat (80.13) Lot of upgrades and PT to $100-$130
Stock gapping up +7 I would actually like a decent squeeze at the open towards $90-$93+ then watch topping then decent 4-6 point pullback on it, if this yanks right at the open watch for $82-$83 as bottom then slow all day move to the upside. Impressive beat, also stock has sold off last 10 days so has room to the upside
9) $TECD Earnings Beat (81.83) guides in line
Stock gapping up +$8 I like to scale in some short here at $89 level room to $91 at the open would love to see this sell off gap fill to $83-$84 area and under, higher it pops better the range for us to the downside. I like it. If this yanks watch for simple gap fill to $83-$84 area
10) $TTD My favorite on down days always has range (248.39)
Stock gapping up +$5 like to see this gap fill back and sell off to $248-$250 and under then bottom curl it then slow all day move towards $256-$258 higher this pops at the open lean into it short and look for that gap fill on it should be fun
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Notable Calls:
$BURL Earnings Beat (173.27) gapping up +$20 like to see a little more squeeze at the open towards $200 spot then look for this to pullback 7-10 points to the downside on profit taking, if this snaps at open to $190-$191 lean into it short and watch for quick snap to $185 area and under on the pullback then bottom curl it and go long on it
$FIVE Earnings Beat (118.29) gapping up +$9 like to see small pop at open towards $128-$130 then take some short look for a nice 5-6 point profit taking pullback on it then bottom curl it then slow move back to highs, if this yanks at open watch then $122 area and under then go long on it
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