1) $IGC another day another push on the stock shorts getting punked (4.60)
Stock Gapping up +1.06 I like to see a quick pop and pullback at the open towards $6-$6.50 then slow fade back to $5 and under, if this yanks at the open to $5.20-$5.30 watch the buyer come in and then this should push thru $6 I will be keeping my eye on it the whole time this is up on volume I like it
2) $CCXI decided not to proceed with stock offering. (10.81) soooooooooo what
Stock Gapping up +$2 really, imo this is nothing more then a pop and fade back to $11.25 and under, so if this pushes at the open would look to short the stock and gap fill it, if this pulls at open then simply gap fill and cover
3) $AWSM Gapping up on possible Play today Janni called it yesterday at 11.30 (12.39)
Stock Gapping up +.60 like to see it rip at the open thru $14+ then top it off then it will gap fill back down, slow down a little then watch bottom curl on it, if this at all gap fills back down below $11.50-$12 area go LONG this should bounce 2 points or more
4) $CAMP Earnings Beat (22.28)
Stock Gapping up +$2 look for the stock to push right at the open thru $25+ then scale in short and gap fill it back down to $23.50 and under on profit taking, CAMP likes to gap fill on earnings so be wary after the initial pop once it gap fills stock will rebound back to highs. Higher it pos at open better the short imo
5) $AAOI Earnings Disaster LOWERS Guidance outs Q3 revenue (28.36) OUCH!!!!
Stock Gapping down -$5 wow this is bad LOOP capital was right on this $20 PT so how to play it now, if this pops at open on short covering let it run through $25-$26 then top it off and fade it all day long, if this yanks at open to $22 and under go LONG and bounce it for 2-3 points this will be an all day bleeder once it sets up
6) $PRGS Earnings Disaster (42.25)
Stock Gapping down -$6 I like to see this flush at open maybe we get $35 and under then look to go long on the stock and gap fill it back thru $38-$39 for short covering squeeze, if this pops at open look for shorts to cover thru $38-$39.50 top off and be done with it for an all day fader
7) ********$GWPH BofA out with $197 PT and Morgan out with $240 (174.50)
Stock Gapping up +$5 I would actually nibble some LONG here at $178 area room to add on any pullback I think today we see $182-$185 on the stock. These 2 upgrades will push this today I would also consider buying 185 Calls on this as it head higher today on these upgrades and expect more to follow with Citi and RayJay
8) $TLRY Another eventful day on its way to #Levi’s call to $150 PT (131.90)
Stock Gapping up +$8 I like to see this pop thru $140 at the open, if it does this will squeeze and run to $150+ and it will push top off then pullback 10 points, if this gap fills at open to $134 and under watch that bottom curl it should make a decent run on it once the bottom curl sets in
9) $TSLA SEC Charges filed against Musk (307.52) I want everyone to be careful on size on this today, this is going to be an all day event and if you’re not prepared for it, leave it alone.
Stock Gapping down -$39 POINTS ok, imo I would be watching shorts to cover some at the open if this pops at open to $272-$273 this will fly quick to $280 on a quick squeeze before fading. Keep size small right now were already down -$40 points, IF this yanks at open on a sell off I think $255 area will be the bottom and this will fly on short covering squeeze for quick money
10) $MTN Earnings Miss (286.13)
Stock Gapping down -$13 Points I like to see this open at $275 then rush to $280+ for quick 5 points then top off then look for an all day fader on it, should fade most of the day, if this yanks at open hard to $270 and under would nibble long off the bottom and look for a slow move to the upside for 5-8 points
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Notable Calls:
$IPGP LongBow cuts and downgrades IPGP to Neutral (158.81) Gapping down -$3 I would try to nibble some long at $156 area and under if it pulls at open to $154 would be a buyer and bounce it back up for 2-3 points this is a Neutral call so watch for it to rebound quickly. If this simply pops at open would nail it short off of $157.50-$158+ area all day fader
$ALDX Priced there offering today at $13.75 (14.35) would nibble long here at $13.25 room to add at the open on a pullback below 13 if it comes expect the stock to rebound back thru $14+ another buying opportunity imo
$OMC Gapping down on Federal Probe ad industry (68.21) Gapping down -$2 would look for a quick pull at open to $64-$65 then bottom curl then look for this to slowly rebound and gap fill back to $67+ If this gap fills quick at open then scale in SHORT at $67.75 area and fade it all day.
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