1) $ACOR extends PDUFA date till January piss off many investors today on that (18.50)
Stock Gapping down -$3 I would nibble a few long here at $15.50 area room to $14.50 at the open I think shorts will come in and cover on this and squeeze it back thru $17 area before fading again. Great SHORT from SOUTHBEACH at $25 conviction to stay in the trade +10 POINTS
2) $PGNX Phase 3 Primary endpoint “NOT MET” ouch! (7.30)
Stock Gapping down -$2 imo this any pop at open should be considered a short and a fade to $4.90 on this news. Phase 3 is the final step and to fail here should sell off, but if this pulls at the open below $5 I would consider nibbling a few long and see if it bounces 1 point or more for quick money
3) $GBT Gapping down on Negative report from Adam F (45.95)
Stock Gapping down -$4 I like to see this small pop at open maybe get thru $43-$44 and then look for an all day fader on it, if this pulls at open to $38 area watch buyers come in and buy that weakness and pop it a few points. I think this will fade all day but before it does we got to nail it
4) $OBSV JPM out with a BUY rating and $29 PT (14.40) sitting on the bid at $14.75 no fills
Stock Gapping none I like to see this pop at open thru $16+ then scale in short, fill the gap towards $14.75 and under then look for bottom curl then look for all day slow move to the upside. Should be fun
5) $DRNA Citi out with a BUY rating and $27 PT (15.43) sitting on the bid at $15.85 no fills
Stock Gapping none, I like to see this pop at open thru $17+ then scale in short gap fill it back down to $15.75-$16 area nibble some long add on weakness and look for bottom curl then all day slow move to $18-$19
6) $MYOV JPM out with a BUY rating and $39 PT (23.00) sitting on the bid all morning at $23.10
Stock Gapping none, this will pop at open probably to $24.50-$25 then you can short it quick on profit taking then look for a nice slow all day move back to highs, if this yanks at open $23.25 and under I am a BUYER
7) $PVTL Earnings Disaster (28.78)
Stock Gapping down -8 would be a buyer on this stock at $20-$21 a share simply looking for a solid move 2-4 points on short covering, if this at all pops at the open towards $24-$25 area I would sell right into that then look to fade the stock all day to the downside.
8) $PI Good news on investigation (18.78)
Stock gapping up +8 I would like to see this pop a little at the open towards $27-$28 area then scale in short and gap fill it back down 3-4 points on profit taking then look for bottom curl on it, this is great news for the company but in the end this needs to come down a little before leg up
9) $TLRD Earnings Beat re-affirming its guidance +boost Comp Sales (23.84)
Stock Gapping up +$4 I like to see a few short here at $27 with room to $28+ then look for a nice gap fill profit taking sell off to $25 and under then bottom curl then look back to highs, I like this to simply squeeze a little more then look for it to gap fill
10) $TLRY O/N suggestion NOT to short the stock paid off (104.95)
Stock Gapping up +$10 like yesterday take a few SHORT at $115 room to $117 at the open then let it gap fill pullback down to $108 area and under then bottom curl on it then look for a nice slow all day move back to highs. Like always trade smart up here keep size down
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Notable Calls:
$W BofA out with a downgrade and Neutral on this stock. BUT increases PT to $160 (149.50) I would consider taking a few LONG at $145 add on dips and look for this to pop at open to $148 area then look for some pullback on it, in the end I think whatever pull happens this will simply just go back up imo.
$BIDU Gapping up +6 overnight ($218.69) took a few short at $224 will add on any pop at the open simply looking for a pull on the gap fill for a quick 2-4 points then cover it
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