Thursday, November 5, 2015

Work On Consistency

Good morning folks,
FB crushed earnings and FEYE got crushed after disappointing the street. Cyber-security stocks and the ETF's are likely to be under pressure today. FTNT and FEYE both disappointed and CYBR reports after the close. If  CYBR disappoints then the whole sector will be under pressure HACK and CIBR will likely take a hit. There may be some short opportunities and there could also be some quick snapback day trade setups in the sector.  

We have DIS tonight after the close and after the action yesterday in TWX and other media names it could get very interesting if we get a disappointing number. Like we talked about this weekend DIS has had an extremely nice run into earnings like FB did in order for the run to continue. 

The gap up stocks that we talked about over the weekend GOOGL, MSFT, MCD, AMZN have been holding their gaps and continue to grind higher. Keep an eye on those names and the IWM which has also had some nice action this week but may be getting tired. 

Personally I am focused on more short term swings and some base hit day trades. I started a little swing in PERI and AUDC. Scaled out of some of my SSNI swing.

The market feels like it may want to take a breather and it is overbought but as I have said many times in the past >Things can stay overbought or oversold for a very long time. Be careful with your entries and don't overstay your welcome if things go against you. 

Oil names are still on my radar and I have taken some nice day trades in some names as well as started to build longer term hold positions in others.  

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 .


Gevo (GEVO) announced that following the recent completion of successfulcompatibility tests, it will collaborate with ValvTect, a supplier of marinefuel additives, in bringing renewable isobutanol fuel blends to ValvTectbranded marinas.
Testing a 2 roll terrible balance sheet likely going to need to raise cash again soon burning through cash but could set up for a nice scalp trade
6:43 am Mitel Networks beats by $0.04, misses on revs; guides Q4 EPS above consensus, revs in-line (MITL) : 
Gapper premarket right into resistance boatload of debt don't chase it could set up intraday 
Marin Software Reports Q3 Adj. EPS $(0.13) vs $(0.17) Est., Sales $26.3M vs $25.7M Est.; Sees FY15 Adj. EPS $(0.54)-$(0.52) vs $(0.59) Est., Sales $106.6M-$107.1M vs $106M Est.
Potential 4 roll look for volume  the stock is in a primary downtrend don't chase it >strictly a potential day trade still losing money 
Codexis Reports Q3 EPS $0.19 vs. Est. $(0.11), Rev. $17.4M vs. Est. $8.32M
Gapping on small volume another 4 roll candidate small floater biotech could set up for a nice day trade need some volume 
PCOM has a Super tiny float do not chase it but if it gets some big volume could get fun
LQDT not sure what made it pop yesterday flirting with 9 roll could get some follow through reports earnings next couple weeks Small floater great balance sheet could be running into earnings 
MOMO another one that reports in a couple weeks potential 14 roll small floater no debt plenty of cash could be running into earnings 
Yulong Sees Net Income To Increase 50% To $3.5M, Sees Q1 Rev. $13M; Will Issue Q1 Report Nov. 16th 2015
Super tiny floater recent IPO could be a runner if it gets some real volume don't chase it 

Infinity Pharma Sees FY 2015 Revs $100M-$120M Vs Est $110.11M
Reporting earnings this morning daily looks hot  decent balance sheet small float potential 11 dolla holla 
Lung Cancer Study Demonstrates Extremely High Sensitivity of Biocept's Blood-Based Liquid Biopsy Platform in Detecting EGFR Mutation in Plasma with 93% Concordance with Tissue Biopsy
Tiny float burning through cash likely need to raise soon but could give a good day trade opportunity look for some real volume could get a little squeezy 
08:45:08am
Signal Genetics' MyPRS(R) Highlighted in the Journal Leukemia
Ugly daily testing the dolla holla premarket tiny floater book value 1.40 a share could get jiggy with some conviction buying but do not chase it 

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