Pre Market Game Plan by AJ – 1/5/18
1) $JUNO Need ham Tags a BUY rating with $65PT (47.71)
Stock Gaping up +$1.10 I love the call and think this will get nice play on it. Would look for a quick push at open maybe thru $49-$49.50 scale in SHORT and gap fill this back to $48 and under then look to go LONG for a nice all day slow move towards $50+
2) $ESPR BofA Tags a BUY rating with $76PT (66.98)
Stock Gaping up +$2 I would actually lean into this SHORT here at $68.68 with room to $70 and the open then look for a nice gap fill short back down to $67.25 and under then look to go LONG on it for a nice all day slow move towards $70-$72
3) $ROKU Citi Tags a SELL rating this morning with $28PT on top of MS this is what we said yesterday may need to happen (51.24)
Stock Gaping dwon -$3.50 WOW!!!! 2 ways to play this go LONG here at $48 nibble some room to 47 look for a quick short covering pop to $49-$49.50+ then watch for topping then look for an all day fader back to lows. This to me is the nail in the coffin we needed to short this
4) $FRAN Horrible Holiday Sales and issues crappy guidance (7.50)
Stock Gaping down -$1.35 I would love for this to short cover and pop at open towards $7-$7.25 on gap fill then look for topping then all day fader on it If this pulls hard at open to $5.75 and under go LONG and play a quick .50-$1 bounce on it.
5) $DNLI Enters a collaboration agreement with TKPYY (16.08)
Stock Gaping up +1.90 I would look to fade this today back down to $16.25 and under. You can take a few short here at $17.85 area room to $19 at the open then look for this to fade back, typically collaborations don’t hold much so look for this to sell off.
6) $OSTK Gaping up for another move to the upside. (77.80)
Stock Gaping up +$1.20 I would nibble some SHORT here at $79.35 room to add at the open to $80+ look to gap fill this back to $77 and under for a quick pull then look for bottom curl then slow all day move back to highs.
7) $PSMT Issues terrible guidance (87.85)
Stock Gaping down -$7 POINTS I would love for this to small pop at open thru $83+ on short covering watch for topping then all day slow move fader to the downside. If this yanks hard at open look for the $78 area an under then go long on the bottom curl and short cover back 3-4pts to the upside
8) $KALA Misses on Top Line Results (17.33)
Stock Gaping back up would take some short at $17 room to add at open look for this to fade back to $15 and under. I love the fact it hit $13 this morning so look for this to pop at all at the open then look for a nice fader on it back to Pre-Market lows.
9) $RIOT Gaping up on BlockChain and Bitcoin (24.27)
Stock Gaping up +$1.25 would nibble some short here at $26 room to $27 at the open then look for this to pullback hard to $24 area and under then bottom curl it then look for a nice possible 2-3pt move to the upside
10) $VRTX BofA Tags a BUY rating with $180PT from $76 (153)
Stock Gaping up +3 POINTS would short at $156 gap fill it to $154 and under then go LONG for an all day slow move to the upside would like to see $158-$160+ on this call today. Should be fun
$CPHI I like the stock. Going long at .48 will see if it gets close to $1 at the open or before. I like the volume and the stock is a former runner (.19) Should be a fun one today