1) $TLRY Told you told you told you do NOT short a Locomotive Train (154.98) Cramer PUMP
Stock Gapping up +75 points…….OMG are you kidding me. I like to see this pop a little more could hit $245-$250 at the open then look for this to sell off some, I like to get a decent pullback to $200 and under this is a risky and volatile stock so don’t mess with this beast if you’re not prepared to lose your account, those that wish to play follow myself, Arick and or Spartan and watch carefully what they say. AJ
2) $NBEV Cheap stock getting some attention on Cramer last night with $TLRY name (2.82)
Stock Gapping up +.55 imo this is nothing more then a pop and fade, I don’t see this as something that can run, I think rooms and twitter feeds are trying to push something that’s not there, so look for this to pop and fizz imo so you short sellers in here, watch for pop and topping on it.
3) $CRON following $TLRY and $CGC from Cramer Pump. Cheaper of the 3 stocks (11.56)
Stock Gapping up +1.5 I like to see $CRON sell off on any pop at the open I would consider shorting this and gap fill it back down to $12 and under, I think if we see $12 and under we will get bottom curl on it then look for slow all day move to the upside on it towards $14-$15
4) $DO Morgan Stanley out with a Underweight and a $15 PT (17.85)
Stock Gapping down -.25 would take some short if you can at $17.50 area room to add at the open and look for a nice all day fader on it to $15.25-$15.50 and under. should be fun, if this sells off right at the open to those areas, pop it back up for 1-1.5 points then short it
5) $PRQR Evercore out with an OUTPERFORM and a $35 PT (20.20)
Stock Gapping up +1.24 I like to see small pop at the open towards $22-$23 then look for full gap fill pullback to $20.50 and under bottom curl then all day slow move to the upside, if this yanks at open and gap fills, scale in long and play it for 1-2 points to the upside
6) $CGC Gapping up HUGE on $TLRY run from Cramer pump (51.89)
Stock Gapping up +4.20 would short the $56 area room to $58 at the open $CGC tends to simply gap fill back down to $52.50-$53 then look for bottom curl on it then look for an all days slow move to the upside, I would not be surprised if we see more buyers come into this stock and start leaving $TLRY now that many of us think its has peaked
7) $ARGX 3.6 million Offering at $86.50 (87.30) Longed a few at $85
Stock Gapping down -$3.30 would be a BUYER at $84 and $85 area and simply look for this to fill back up and look for a nice play to $88+ on it for some nice points.
8) $LYB JPM out with a PT cut from $110 to $95 (102.10)
Stock Gapping down -$2 I like to see this pull at open to $97 area then look to bounce it back up thru $101-$102 then short it, if this pops at the open and gap fills then look to go short for an all day slow fade to $97 and under
9) $TSLA another day another gap down buy the weakness and bounce it (284.96)
Stock Gapping down -5 would be a buyer under $280 look to gap fill this back above the $285+ mark then lets see if it can touch $290 then look to fade it and pull it back if this yanks at the open to $275 and under look for that bottom curl traders and go long
10) $NFLX Guggenheim out with a $420 PT from $360 (367.65) Yesterdays Spartan and Levi LONG
Stock Gapping up +8 I like to take a few nibble short here at $374.50 room to add at the open to $377 let this come down and gap fill to $370 and under and bottom curl then look to go long on it for a nice all day slow move to $380+ Higher it pops at the open better the fade
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Notable Calls:
$VKTX Raymond James out with $43 PT DTT yesterday (19.45) Offering coming, I can smell it a mile away. Like to see this move to $21-$22 today then consolidate then after the bell announce offering, if this pulls at open and yanks to $18 and under go long and bounce it
$SURF Baird out with a BUY rating and $23 PT (10.50) Stock gapping none, like to see push at open to $12 spot then gap fill to $10.65 and under bottom curl then look to go long on the stock all day move to the upside
$GTHX 3 million Priced at $60 (59.00) gapping down -3 would be a buyer at $57 level and under then look for a nice play on it for a move towards $59-$60 in other words BUY the weakness below $57
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