Take Control

Good morning folks,

What a fantastic bounce yesterday I was surprised by the strength in the IBB and the IWM but it was a pleasant surprise. ATEN ERII BLOX  ACRX all gave us some nice day trading opportunities. 

We broke through several areas of resistance in many of the indexes but I am still taking a cautious stance and mostly taking very short term swings or day trades. 

We get some big earnings tonight after the close and it should be interesting to see how the market reacts. FIT reported great earnings last night but also announced lock up expiration on a good chink of shares in the near future which put some pressure on the stock.

Even though Oil was under pressure yesterday a lot of oil sector names either held up nicely or actually had some positive action yesterday. I started a small long term hold position in MRO @18.50 with an intent to add on any significant weakness. 


Stocks on my radar premarket

Bullish and may have a swing or lottos in play

Cautiously optimistic

Very Cautious may even present a short opportunity .

NPTN	NeoPhotonics Reports Q3 EPS $0.11 vs. Est. $0.05, Rev. $83.6M vs. Est. $79.27M

Flirting with a nine roll premarket small float decent balance sheet look for volume could be a gap and go candidate 

ONDK	OnDeck Reports Q3 EPS $0.10 vs. Est. $(0.01), Rev. $67.398M vs. Est. $61.84M

Earnings beat another small floater recent IPO could have found its bottom worth watching for potential continuation need to see some volume 

AudioCodes Ltd. (NASDAQ: AUDC) shares rose 5.23 percent to $3.72 in pre-market trading after the company reported upbeat Q3 results.

Small float decent balance sheet potential 4 roll 

Perion Network Ltd (NASDAQ: PERI) gained 3.70 percent to $2.24 in pre-market trading. Perion Network reported adjusted Q3 earnings of $0.09 per share on revenue of $52.6 million.

Trading below book value could be a double bottom Has had some nice runs in the past could be a swing opp decent balance sheet and cash flow small float 

5:00 pm RingCentral --CORRECTION-- Co reports earnings of breakeven ($0.00), beats by $0.04; beats on revsBriefing.com(Mon, Nov 2)

RNG	Summit Research Upgrades RingCentral to Buy, Announces $25.00 PT

Testing 21 premarket small floater decent balance sheet but a bit stretched on valuation could be a decent day trade or very short term swing 

RTEC	Rudolph Technologies Reports Q3 EPS $0.26 vs. Est. $0.20, Rev. $58.6M vs. Est. $57.67M

Potential flat top break out small float decent balance sheet and not stretched on valuation flirting with a 14 roll premarket 

KOPN	Kopin Reports Q3 Loss of $0.07/Share vs Loss of $0.12/Share Est., Sales $8M vs $7.66M Est.
04:40:59pm 08/20/15 KOPN	Kopin Chairman Fan Buys 94,800 Shares @$2.88/Share -Form 4

Better than expected earnings potential 3 roll and long term downtrend trendline break decent balance sheet recent insider buy  no debt but negative cash flow could be worth watching