1) $TLRY +US DEA news on granting approval to import weed (120.19) Spartan called $137
Stock Gapping up +$17 imo let this push at open then come back down to $125-$128 area then watch for bottom curl then look to go long on it towards $145-$150 mark. If this pushes at open to those ares look to short it after it tops off
2) $IMGN Guggenheim out with a $19 PT (8.70)
Stock Gapping up +.20 pick some up below $9 then add on any pullbacks then look to go LONG for an all day slow move towards $10-$11 once it gets going imo
3) $SGRY BofA out with a BUY rating and $20 PT (14.70)
Stock Gapping none, let this pop at open thru $16+ then scale in short and gap fill it back down to $14.60 area and under then bottom curl then look to go long for an all day slow move to the upside on it
4) $VKTX Positive Phase 2 (10.39)
Stock Gapping up +$14 I like to get some sell off on the stock to $17.50 and under then watch for bottom curl on it, if this breaks thru $22-$24 at the open chase it to $29-$30 for quick money then short it back down, watch for afternoon upgrades on the stock as well from analyst
5) $ACIA US Senate planning to introduce Bill “reinstating” sanctions against ZTE ouch! (49.10)
Stock Gapping down -$2 I like to see a nice pull at open to $35 and under then watch for shorts to cover then bottom curl then look to go long on it, if this if this pops at open towards $38.50-$39 then look to go short for an all day fader on it
6) $ORCL Earnings Miss (49.18)
Stock Gapping down -$2 I like to see this pop and get bought up thru $48-$48.50 level before selling off however if this yanks at the open to $45 area I would be a BUYER on the stock and rebound it back up
7) $NTNX Google out saying possibly NOT considering extending cloud services (46.43)
Stock Gapping up +3 I would actually nibble some short here at $49.50 level room to add to $51 at the open look for this to come down to $47.50 and under then bottom curl then look to go long, simply looking for a sell off gap fill on it imo
8) $ATHN Elliot Management plans to back away from Bid (143.09)
Stock Gapping down -$19 points I am a BUYER here at $125 area room to $120 area I like to see this rebound back to $134-$138 today, so if look for this to short cover pop on it, if it falls off a cliff again, laugh and buy the weakness this WILL rebound
9) $MDGL Getting smashed on $VKRX positive results $VKTX cheaper stock (228.43)
Stock Gapping down -$34 I would actually begin to nibble some if it breaks thru $198 at the open think it recovers thru $210+ if this yanks at the open to $180 area at the open watch that bottom curl and look to go long on it
10) $FDX Decent Numbers imo this weakness will be bought up today (255.73)
Stock Gapping down -5 I would nibble some LONG at $250 add on any pullback “Cramer pushing this up this morning says to buy on weakness” I agree think we head right back up to $255+
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Notable Calls:
$TSLA Market up this is gapping up like to see this simply have a nice day in it (294.84) gapping up +$2 like to see any pullback today as a BUYING opportunity, if this pops at open look for a slight pullback on it to $293-$295 if it comes nibble long look for a move thru $299-$300+ on it
$CLVS Guggenheim out with a BUY rating and $75 PT (32.23) I would take some long at $32.70 if you can get some add on weakness and look for a nice solid move to $35-$37 on this call
$PSDO selling 3 million shares Spot sec at $15.40-$15.75 (16.39) Gapping down -1.39 would be buying this $15 and under weakness let the 3 million fill and then day or 2 later back thru $16+
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