1) $MDR to Explore strategic alternatives for Lummas (1.58) $1.55 LONG IDEA from 9/19/2019
Stock Gaping up +$1.50 I would like to see some pullback on it towards $2 and under watch for bottom curl then slow move all day towards $3.25-$3.50 let it set up again for us, But watch a potential buyer come in with size at the open around $2.75-$3 must be 2million or more.

2) $ROKU Pivotal Analyst out with $60 PT SELL rating Tier 3 Firm (133.76) OUCH
Stock Gaping down -$6 I would like to see this pop at open towards $130-$132 area then look to fade it all day back to lows, if this drops and snaps quick to $120 and under bounce it 3-5 points then top it off and look to fade it all day long, Higher it pops at the open imo better the fade for us

3) $CRC issues statement they are “NOT” restructuring (9.89) Was $14 before the news
Stock Gaping up +$1.5 I would nibble long at $11.85 area room to add on pullback I’d like to see the stock rebound and get back to $13-$13.50 today, if this pulls hard on overnight holds to $10.50-$11 I would be adding or be a solid buyer reminds me of $ZYNE buying on the pullback

4) $FNSR China antirust rules in favor of completion on sale (23.07)
Stock Gaping up +$1.30 like to see solid push at the open towards $25-$26 area then top it off then look for .50-$1.00 pullback or more bottom curl then slow move back to highs, I would love to see this sell off at the open to $23.50-$23.75 and under then bottom curl it then slow all day move to the upside would be the best play for us

5) $SCHL Earnings Beat BUT reaffirms guidance (37.84) Just like $MLHR yesterday why is it up?
Stock Gaping up +$4 imo this is nothing more then a pop and fade back down to $38.50 and under, if you take now short at $40.50 YOU must allow it to pop towards $42 again like it was an hour ago, most of you missed the move, so lets see if it can pop again towards $41-$42 once we get that and top off we will resume the all day fader, if this dumps at the open to $38.50 and under cover bottom curl it then slow move to $39-$40

6) $PLAN Chatter that $PLAN “MAY” have won deal with $AMZN (51.00) I MAY have lunch today
Stock Gaping up +$3 like to see shorts get squeeze a little bit more at the open towards $55-$56+ watch for topping once this breaks $53.50 or under we should get the full gap fill back down to $51.50 and under, unless this is confirmed I don’t see this holding up today

7) $ETSY RBC raises the Price Target to $68 from $63 Tier 1 Analyst (59.07)
Stock Gaping up +$2 I like to see this small pop at open towards $61.50-$62.50 top it off then slow gap fill fade to $59.75 and under, if you take short now here at $60.90 area you must allow it to pop a little more but in the end this should simply gap fill back down then bottom curl it then slow all day move to the upside

8) $XLNX CFO stepping down (103.62)
Stock Gaping down -$4 imo anything $99 and under is a BUYING opportunity any pull at the open would simply add into it, these type of plays normally simply gap fill back up to the previous close but will take all day long to do it, so any sell off at the open below $99 imo is a buying opportunity allow this one to set up at the moment give it a moment or 2 and lets see if it simply pops and grind upwards or pulls back again below $99

9) $URI Goldman Sachs out with a BUY rating and $165PT (125.10
Stock Gaping up +$3 like to see push at open through $130-$132+ then watch for nice gap fill sell off to $125.75-$126.25 then bottom curl it then slow all day move to the upside. You can BUY 135-140 I month call on this should be fun

10) $NFLX Getting hit on the downgrade on $ROKU (286.60)
Stock Gaping down -$4.60 ****would be a buyer small here at $282 room to $280 at the open this should short cover bounce back to $285+ then top off then slow fader back to lows, I will be playing this on the bounce, more it pulls better the range to the upside top it off then we fade it

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Notable Calls:

$TTD Market Flat (210.38) Like to see small pop at the open towards $213-$215 area then watch for sell off 4-6 points to the downside then slow all day move back to highs, if this dumps at the open to $205-$207 area I would be a buyer on weakness

$SHOP Market Flat want to Trade this (325.85) Gaping Flat like to see this pop at the open towards $328-$330+ area then top it off pull it back to $320 and under bottom curl then slow all day move to the upside. More it pulls better the range to the upside should be fun

$CVNA Oppenheimer out with a BUY rating and $95 PT (76.56) Gaping up +.40 would be a buyer here below $77 look for the stock to run to $79-$80+ today on this call more it pulls at the open would be a buyer on weakness for slow all day move to the upside

 

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