1) $FRAN BIG HUGE EARNINGS BEAT (5.16) Beaten down retailer
Stock gapping up +$4.80 almost 100% like to see this push through $10+ at the open take it to $11 would NOT short this unless it breaks $8.75-$9 spot then look for quick 1-1.5 point profit taking sell off in the end this should tsay above $7.50-$8.50 with these numbers, easy money was made in pre-market so be careful on your side.
2) $ITCI FDA does not have plans to meet (10.33)
Stock gapping down -$1.80 like to see small pop at the open towards $11 then top it off then slow fader back to pre-market lows, if this pulls hard at the open look for a move to $7.50-$8 spot shorts should come in and cover
3) $WEN misses on Earnings (21.95)
Stock gapping down -$1.05 I like to see small push towards $21.35-$21.50 then top it off then slow all day fader on it back to $20 and under, higher it pops at the open better the range to the downside, if this pulls at the open watch the $19.50 area for bottom curl then slow move to the upside
4) $HDS Earnings Miss (40.82)
Stock gapping down -$1.70 like to see small pop towards $39.75-$40.25 top it off then slow all day fader back to lows, if this pulls at the open hard to $36.50-$37.50 and under bottom curl it then slow all day move to the upside back up 1-2 points or more
5) $CTRP Earnings Miss (35.11)
Stock gapping down -$1 like to see small push towards $34.50-$35 top it off then all day fade back to $32.50 and under, if this smashes at the open hard to $32 and under bottom curl it then play it for quick 1-1.5 points on short cover,
6) $HLNE Prices 2.9 million at $60.50 #OFFERING (62.26)
Stock gapping down -$3 I would like to nibble some LONG at $59-$59.20 area room to $58.50 at the open this would give all of you -2 points below the offering price small offering too, so look for quick push to $61+ possibly at the open or once it flushes out to $58.50 area or under
7) $DG Bernstein knocking this downgrade and PT to $145 (160.76) TOP SHORT IDEA
Stock gapping down -$2.5 would nibble some short here at $158.50 room to $160 pop at the open look for the stock to fade most of the day back down to $153-$155 and under, this should give us at least 3-5 more points to the downside with today’s market conditions
8) $RACE No news I can find on scan (160.74) Long a small few at $154.23
Stock gapping down -$7 I would like to see this bounce at open towards $157+ at the open top it off then slow fader back to pre-market lows, if this pulls hard at the open watch the $150-$152 area as bottom curl stock should rebound from there for 3-5 points
9) $TTD Getting smashed again all morning (213.67)
Stock gapping down -$5 already would nibble small at $208 room to $205 at the open then look for a nice bounce towards $209-$211 then top it off may have room to $212 then all day fader back towards $205 and under, scale play only, do not marry this
10) $NFLX Market pulling this down (294.34)
Stock gapping down -$3 would like to see small pop at the open towards $293-$294 top it off then look for this to sell off to $286-$288 and under bottom curl it then slow move to the upside, should be fun with range harder market pulls better the range for us to bounce it, I would love to see $285-$286 on it I am a BUYER on that bounce
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Notable Calls:
$NVS gapping down on no news, (89.62) gapping down -$2 would nibble some long the $87 area room to $86 at the open look for the stock to gap fill back up to $$88.50-$89.50 then slow fader or grind out Just want to fill some of the gap
$ADBE (279.30) gapping down -$2 points With market pulling down should give us a quick flush to $275-$276 that would be a nice buying opportunity to bounce the stock 2-4 points to the upside. IF you buy here at $277 give it room to flush then bounce it for quick money
$ABMD I love this on market pulling, keep an eye on this (186.13) If this touches or flushes to $180-$181 area I want this stock to play to the upside and will buy on weakness
$TREE (303.20) If this falls below $299-$300 PLEASE let me know I want this to BUY on weakness and will bounce this 3-4 points to the upside stock has range
