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Pre Market Game Plan by AJ – 10/12/17

1) $ARDX Phase 3 hit Primary Endpoints Multiple PT increases from $14-$19 (5.40)
Stock Gapping up +1.80 would nibble some LONG at $7.50 area small amount look for a quick push out of the gat towards possibly $8 $8.50+ spot or more then eye any decent profit taking pullback, I think they will do an offering on this within the next few days so watch for the volume on this. IF this pulls at all to $6.50 area definitely lock and load

2) *****$JILL Earnings Miss (9.93)
Stock Gaping down -$4.80 I would take a few LONG here at $5.15 area room to $4.50 at the open will be looking for a 1 point bounce off the bottom pull, I like to see this gap fill a little towards $6-$6.25 area before fading it.

3) $INFI announces abstract late breaking presentation during orals session (1.67) Think this is just noise being pushed up
Stock gaping up +.70 I like the push at the open to $3 spot then eye a nice gap fill pullback to $2.10 or under then bottom curl then look to go long on it, if this simply pops at open and rushes thru $3 watch carefully the lower lows on it it could end up just being an all day fader this was a “Presentation” not actual approval or primary endpoint on anything

4) $JNPR Earnings and Guidance Miss (26.86)
Stock gaping down -$1.50 I like to see this pop at open to $26.25+ area scale in SHORT look for an all day fader on it, if this pulls hard at the open to $24.50 area or under take a few long and play the 1point bounce on it then look to fade it all day

5) $FLXN 4.4 million offering Priced at $25.50 (26.21)
Stock gaping down -.50 I would be a buyer here nibble some LONG at $25.80 area room to $25 at the open have a nice average and look for this to possibly hit $27+ today after the initial pull, all I am looking for is this to finally bottom out and get us back up thru $27+

6) $HAWK Earnings Miss and guidance (44.20)
Stock gaping down -$5.20 I would take a few long here at $38.50 level room to add on a pull at the open then play a nice 1-2pt bounce on it looking for a push to $41-$41.50 if this does scale in SHORT for an all day fader on it. More it pulls at the open better the bounce on it

7) $HA Earnings Miss (40.00)
Stock gaping down -2.05 I would prefer quick pop at open to $39.50+ area then scale in SHORT for an all day fader on it, if this pulls hard at the open to $36-$37 watch bottom curl then look to go LONG on it for 1-1.5pt bounce on it

8) $HMNY another day another battle (32.90) Volatile stock today so BE CAREFUL
Stock gaping down -$3 I would prefer a quick squeeze at the open back thru $33 area if we get it then snap it hard for 3-4 pts on the pullback the grind out, if this pulls hard at the open watch for $28 level then look for a quick 2-3pt squeeze this is going to be crazy

9) $VYGR Raymond James tags a $35PT with Outperform on it (24.00)
Stock gaping up +.70 I would like to get some LONG at $24.50 add on dips think this call will get the stock to $26.50-$278 on it so watch for the pop and pullback then nail it long

10) $DPZ Earnings did well, but profit takers cashing out (209.24) CEO on Cramer Tonight BUY the weakness
Stock gaping down +$14 pts I would grab some off the bottom area around $196 add on dips think this rebounds back to $202-$204 at the open then look for possible sell off into the call when Call starts buy again should rebound nicely back to $204-$206 area

Notable Calls:

$CARG IPO Priced 9.7mil at $16 Lets hope we get close to the opening set price and it opens with 1.5mil or more out of the gate should be fun, if it opens at $20 use smaller size and wait for the pullback on it. If it opens $25 walk away

$KIDS IPO Priced 4 million at $13 (mid point) I’m 50/50 on this if it opens close to the $14 area and dips at open I would be a buyer on this, must have at least 500-800k to open with so watch for that. If this opens at $18 I would pass on it

 

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