Thursday Evening

Fat cat banker

Well maybe it's Anderson Cooper .... one thing is for sure .....  May sucked!!!

Thursday Afternoon

CRUS Daily chart (11:00AM)

CRUS is pulling back to test the breakout.  If it bounces I will likely add to my starter position of June29 calls.  If not I will dump the starter if the falls back into congestion around 26.50.  The pullback has been on lighter volume and that's a good thing.

Thursday Morning

Gator's Chart of the Day: DGIT

I know nothing about the company but I hear it is rumored to be a takeover target.  It was mentioned by Karen Finerman on Tuesday's Fast Money episode and it traded up after hours that evening.  Wednesday it saw tremendous volume and a 9%+ move up on an ugly tape so there is interest.

If you want to take a shot it's testing it's recent high of 10.13 and a move above there could trigger even more demand.  If I owned it I would watch volume very carefully and if buying pressure drys up I would dump it on any move below the 50 day simple moving average.  That is 9.38.