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Pre Market Game Plan by AJ – 1/3/18

1) $ARNA Wells Fargo Tags a BUY rating with “53”PT from $19 (36.21)
Stock Gaping up $3 on this volume would short the $39 area room to add at open look for quick gap fill back to $36.50 and under for quick money then look for bottom curl then slow all day move towards $40+ should be fun to trade today

2) $HOG Longbow Tags a Sell rating with $43PT “OUCH” (52.06) This will get hurt on this d/g today
Stock Gaping down -$2 2 ways to play this, if this pops at open and gap fill back towards $51.50-$52 scale in SHORT and look to fade all day to $48 and under Imo, if this pulls hard at open towards $48 level or even under go long and play the 2-3point short covering bounce on it.

3) $AMBA Oppenheimer came out strong on a BUY rating with $70PT (62.33)
Stock Gaping up +$2.30 I like to see this squeeze a little more at open possibly thru $65-$66 scale in SHORT and look for a nice 2-3pt gap fill pullback for quick money then look to go LONG on it for a nice all day slow move back to highs

4) $LX JD Takes a 9.1% Passive Stake in the company 13G (17.29)
Stock Gaping up +$1 I like to see a quick pop at open towards $19 if it comes scale in short and gap fill this back to $17.50 and under on it, if this pulls hard at open look for bottom around $17 area or under and go long. IMO I would be leaning to short this gap up here and maybe nibble a few at $18.25 give it room to add and score 1-1.5pts on the downside.

5) $AMD INTC having issues with their Chip (10.38) AMD Shorts are going to get squeezed
Stock Gaping up +$.90 I would look to see this pop a little more at open possibly thru $12-$12.25 area then watch for the first lower low to set in I think this could end up fading nice back to $11 area and under on profit taking, if this breaks $11.65 area on the downside expect more towards $11 should be fun.

6) $INTC Having some Chip Problems (46.85) Imo this weakness will be bought up today and INTC will issue a statement to defend
Stock Gaping down -$1.80 I actually would consider taking a few long here at $45.15 area room to add at the open if $44 comes let it and add a few more in the end I think this is an over reaction and INTC has the capability to fix the issues with there chip.

7) $RENN More PR this time mentioning “blockchain” STUPID STUPID STUPID (12.43)
Stock Gaping up +$1.25 I personally would love to nail this short and gap fill it back to $12.50 area so if this pops at open towards $14 watch for topping on it and look for this to fade off, if this pulls at open to $13.30 and under this will just fade all the way back to $12.50 imo, the PR is stupid so lets see how it reacts at the open

8) $NVDA Gaping up on INTC AMD news (199.35)
Stock Gaping up $5 I would take some SHORT here at $205 room to $207 at the open and look for quick a nice gap fill back to $201 area then look for a nice slow all day move to highs. NVDA is strong this morning but expect it to gap fill regardless before legging up on it.

9) $ULTA Well a Fargo Tags a BUY rating with $275PT from $220 (229.63)
Stock Gaping up +$6 POINTS already I would nibble a few short (small) at $235 give it room to $238-$240 area then look for a quick 5-7 point gap fill pull on it then look to go long on the bottom curl, I’m thinking we see $231 on it to go long on the pullback. Would consider buying options as well on this maybe 245-250 Jan/Feb Calls

10) $TEUM Another day another load of PR Crap to deal with (2.68) Stock is strong this morning with volume
Stock Gaping up +.50 I would love for this to pop at open then look for an all day fader on it, if this pulls at open expect this to have a slow death back to $2.70 and under, I think at this point this company is pulling straws to make anything work for them,

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Notable Calls:

$LITE Piper strong out on stock reiterates strong buy to $81 PT (50.15) Gapping up +$1 watch for quick pop at open possibly thru $52+ area then look for a nice pullback on it back to $50.50 and under then look to go long slow move all day to the upside imo. This should be a good day for this to rebound imo

$GLPG Gaping up +$4 pts on progress notes. (94.51) would nibble some short here at $98 room to $100 then look for a nice gap fill pullback for 2-3pts to the downside, stock is up thin so it should sell off quick after initial pop if this pulls at open expect gap fill

 

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