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

____________________________________________________________________________
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

 

Copyright © 2018 by AwesomeCalls LLC
No part of this content may be reproduced, distributed, or transmitted in any form or by any means without the prior written permission of the publisher. Full legal action will be taken. ALL RIGHTS RESERVED.