Universal Display Corp ($OLED) has been a major money maer to the short side over the last few months as the stock moved from $242 all the way fown to the $150’s. We have been able to absolutely crush this name to the short side. However, I have been out for roughly a week or so and now the big question is, do we target it again here over $200 as a short play. My short answer, is yes but with caution. The company reported blow out earnings yesterday with EPS coming in at .78 vs .58 expected. Sales came in at 97.5 M vs 86 M estimate. Theyh also raised guidance significantly as well. This stock has a massive history of giving up earnings gains however extremely quickly. Note last quarter it popped $35 dollars and then pulled back $60. One thing is for sure wiht this name and that is volatility. I am anticipating letting this sit until into middle of next week, but i’m hoping we get a re test of the 210’s which is where I would target this again for a short entry.

Twitter, Inc. ($TWTR) is an Internet Information Providers company in the Technology sector. This stock was crushed today after releasing an all-around earnings miss. With red futures this evening, I expect (at-least) some sort of bounce from indexes tomorrow. With that bounce, Twitter may very well breakout over the $31.00 natural resistance level. I plan to day trade this over that $31.00 natural resistance level!