Pre Market Game Plan by AJ – 1/2/18
1) $BURG (Blindfold Trade on the Short side) Announce Block Chain PR but still had a 500k offering pending on 12/1 (2.62)
Stock Gaping up $4 All I can say is fade it back to $3 Janni nailed the top, Shares hard to locate but just a beautiful SHORT whomever caught $5.80 and above you might get a pop at open again, if you do and were lucky to get $5.50-$6 watch the topping and re-short it, news came out but many forgot the pending offering and I think all this PR was to trick investors to buy it so they could do the offering
2) $NETE Receives 7.5 Million Private Placement at 11.24 investment to continue the Blockchain Unit (11.13)
Stock Gaping up +$2 I like the news but lets see if we get a quick pop at open thru $15 then look for an ideal sell off on profit taking back down to $11.50 maybe 12 if it comes watch the bottom curl then look to go long on the stock should be fun one the pop and drop set in and we nail it to the long side, I think this has room to move today towards $15-$16+
3) $KBH BLINDFOLD TRADE Citi Tags a sell rating with $27PT (31.95) Sat on the bid at 1k at 31.55 didn’t get filled for the short starter
Stock Gaping down -.60 any pop over $31.50 would be a short opportunity and fade to $29 or more on this call. I think we get a pull at open quick to $30 area then pop back up hopefully decent squeeze back thru $31.40 scale in SHORT top it off and look for an all day fader on it.
4) $WATT Look like we get rebound on this, since insider selling on Friday vs. Offering (19.45)
Stock Gaping up +$3 I like to see this small pop at open followed by a decent profit taking sell off on it to $20.50 and under if it comes and look for a potential slow move to the upside on it. Its up quite a bit so if it pops look for 1-2pts on it then quick snap and profit taking, I will be eyeing the bottom curl once I see it settling down for a nice move to the upside.
5) $LFIN Gaping down -$6 this morning (56.30)
Stock Gaping down -$6 most note its too late but buying that dip below $51 is a gift because LFIN likes to bounce before fading so look for this to gap fill back to $56-maybe even touch $58 at the open then look for a nice 3-4pt sell off on profit taking remember now BlockChains are up so this may just pop at open and squeeze thru $58-$60 before giving back so be careful
6) $AKAO Positive top line results for Phase 1 (10.74)
Stock Gaping up +$1 Imo I think this just pops at open and fades of back to $11 and under. If you take now short make sure you have room to add on the pop chase at the open I would love to see this thru 12 spot then look to all day fader on it. Imo
7) $TSRO Cowan and Piper both lower PT to $80 from $120 (82.87)
Stock Gaping down -$2 would wait for small pop at open to $81.50 or more scale in short and look for an all day bleeder on this to $78-$79 if this pulls at open to same are play the 2 point bounce the short it
8) $INCY RBC Tags a Sector Perform on the stock raises to $120PT (94.71)
Stock Gaping up $3 would take some SHORT here at $97.25 room to add at open to $99 then look to gap fill this back to $95.50 or under then look to go LONG on it for a slow move to the upside possibly thru $100+
9) $ILMN Wells Fargo Tags a BUY rating with 250PT (218.49)
Stock Gaping up +5 I like to see small pop at open to $225 then look to gap fill this back to $220 and under then look to go LONG on the stock for an all day slow move to the upside, if this pulls at open look for this to gap fill to $220 to me Imo is the mark to begin scaling in LONG for an all day slow move to the upside.
10) *********$ABT JPM $65PT MS Tags an Overweight on it (57.07) I like the calls but love the SHORT side of the gap fill
Stock Gaping up +1.80 I would love small pop at open thru $59+ scale in SHORT and gap fill this back to $57.50 and under then watch for bottom curl then look to go long for an all day slow move to the upside. ABT tends to fill there gaps first before legging up on it.
$QIWI Think this goes higher today (17.33) Gaping up +.60 I would love to see small pop at open followed by a nice pullback on it to $17 and under then look for a nice bottom curl go long and possible move to $18.50-$19 on it once it pops and flags
$LULU Downgrade to Neutral from Citi BUT ups the PT be careful on the short side, if this pulls at open to $77 and under I would just go long and let this move back up to $78 CITI d/g it but throw a higher PT on it so be careful on it. They raised from $78 to $88