1) $AOBC Earnings Beat (9.77)
Stock Gapping up +$2 I would like to see this pop a little at the open maybe we get $12-$12.50 then short it and gap fill it slowly back to $10.50-$10.75 then bottom curl on it then look to go long, if this pulls at open to those areas on profit taking then look to long it.
2) $PDD Mixed Earnings (17.80)
Stock Gapping up +1.25 points would like to see a flush at open on profit taking to $17.80 and under then look to go long for a move to $19 or more. Basic 101 Trade in #ACT
3) $ZUO Earnings Miss (34.01)
Stock Gapping down -6 took a few long at $28.35 think we get a short covering pop at the open maybe to $30+ touch then dump it, if this pulls at open to $26-$27 I am a buyer on it
4) $AMBA Earnins disaster (39.75) BUT I agree with Beth support is around $33
Stock Gapping down -$3.25 I would like to see this pull at open maybe we get $33 touch again and then go long and bounce it to $36+, if this pushes at the open to $36 on short covering watch for topping on it then look to short the stock and fade it back to lows
5) $IDTI Rumorville popping on possible buyout (37.84) Took a few short at $43.35+ this PM
Stock Gapping up +6.5 IMO this should sell off to $40 and under on this rumor, if this pops at open would lean into short anything around $44-$45 then we top it off and fade it. If this yanks at open to $40 area I will simply cover and move on, So far I covered for 1 point.
6) $BIG Earnings Miss lowers guidance (47.86) usually gets bought up
Stock Gapping down -$4 if this pops at open to $45-$46 I would lean into it short and look to fade it all day to the down side, if this yanks at open again to $40-$41 I am a buyer on it to the upside fpr 3-4 points then I fade it.
7) $NTNX Earnings Miss (60.82) Being defended a lot this morning
Stock Gapping down -$5 this looks like it wants to be bought back up to $59+ area before the open if $60 comes I would lean into it short and pull it back down to $57 and under and then look for bottom curl on it then look to go long on it. If this pops over $60+ I would short it imo
8) $LULU Earnings BLOW-OUT!!! (137.00) this is yesterdays $SIG but double the amount
Stock gapping +14.50 imo this is may squeeze a little more at the open possibly $155-$157 then I see some profit taking kick in and sell off to $150 and under, if this pulls at open it won’t be much maybe $145-$147 and thats it mutiple upgrades and PT would drive this up more.
9) $NTES Beth & Spartan nailed this yesterday look for continuation to the downside (194.39)
Stock Gapping down -4 Let this pop at open on some short covering to $192-$193 area then lean into it short for more downside, could see as low as $182 on it today. If this yanks at open to $185 go LONG and bounce it for 4-5 points then short it again.
10) $ULTA Earnings were mixed BUT $ULTA always gets bought up on weeakness (244.41)
Stock Gapping down -$7 imo (play is over now) but would long it around $239-$240 and gap fill it back to $244+ If this hits $248-$250 area I would actually lean into it some short and let it sell back off to $240 and under then bottom curl it again and go long. Its a crazy stock.
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Notable Calls:
$ATVI China really cracking down this should get hit more today imo (74.10) I like to see a pull at open to $70 and under then bounce it then look for topping then fade it all the way back, if this pops at open to $73.50-$74 lean into it short and fade it all day to the down side .
$CRSP Saw some nice PR yesterday on this, think this gets some play to $55 (53.46) would take a few at $54 and under then look for a small bottom curl on it then go LONG think we get to $55 on it.
$VHC Received favorable court ruling on $AAPL case (2.95) Gapping up +1 nothing more then just a short after any initial pop. Every time this pops up on court ruling this sells right back off too many bag holders on this, so you short sellers in here, this is for you
