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Pre Market Game Plan by AJ – 10/2/17

1) $SNCR In resuming MA Talks to find a suitable buyer for the company (9.33) SWING from the mid $10’s 9/19
Stock Gaping up +$2 This was $16.75 before the talks failed look for a quick pop thru $12+ at the open then small or decent pullback then look to go LONG on it if this pulls hard on Profit taking to $10.50 or under watch for bottom curl then go long, I would love to see this recover to $14 area

2) $ZYNE Cantor comes out with a $17PT from $4 (8.36)
Stock Gaping up +.50 I like the call and this has bleed out for 2 days to my $8.50 target think today we get a decetn rebound on it so look for a small pop at open then pull it back to $8.45 area and under then look for a potential all day move to the upside on it towards $9-$9.50

3) $HMNY Maxim Tags a $20PT on this, this morning (12.69)
Stock gaping up +$1.00 think this has another move on it towards $14 today so watch for a pop and pull at the open fill the gap to $12.75 and under bottom curl it then look to go long, higher the pop at open better the pullback and we go LONG it

4) $DVAX “Considering” options on Hepatitis B (21.50) Really I’m considering¬†swimming today too….STUPID!
Stock gaping up +$2 I would scale in SHORT this gap here at $23.50 and add on any pop at open and Look to gap fill this back to $21.50 or under for all day slow move back to the downside

5) $ZGNX 4.3 Million offering, (35.05) So small and very predictable this was coming
Stock gaping up +$2 I would prefer this to pop and PULL hard at open for a nice pull down IF we can get it towards $35 and under, if we get it look to scale in LONG on it for an all day slow move back to highs, if this pops at open thru $38-$39 I would short it for a nice 2-3pt pullback on it.

6) $VERI Gaping up huge this morning trying to rebound Thurs sell off (45.45)
Stock gaping up +$4 watch for quick short squeeze pop at open possibly thru $51-$52 spot then look for a decetn pullback sell off to $46 and under then look for bottom curl then move back towards $50 I like the gap up, but I think once this squeeze a few more at the open I would be looking for that quick short for a few points on it

7) $JWN Going Private fading away more today on talks of “less likely” going thru (47.15)
Stock gaping down -$3 I would like to pick some off the bottom at $44.50 and look for a quick gap fill pop at the open to $46.50+ then look to scale in SHORT it, if this pulls at opn hard to $42.50-$43 area watch that bottom curl on it then look to go LONG for 1-2pts

8) $SRPT Morgan Tags a BUY rating with $60PT (45.36)
Stock gaping up +$2 SRPT tends to sell off their analyst gaps so watch for any pop at open towards $49-$49 scale in SHORT and look to gap fill this back to $45.50-$46 and under then look to go LONG for an all day slow move to the upside, Maybe we see $48.50-$49 on this today.

9) $BLUE Morgan Stanley d/g to “Underweight with $105PT” (137.35) This is significant
Stock gaping down -$6 I would like to see a pop at open if it comes to $134-$135 area watch for topping then slow all day fader to lows, if this pulls hard at open let it flush to $125-$127 and under then look to play the 3-5pt bounce then look to re-short it

10) $ALNY Goldman Tags a BUY rating with $163PT (117.49)
Stock Gaping up +$4 I would like to see small pop at open towards $123-$125 then look to short it back to $118.50 and under then look to go LONG on it for an all day slow move to the upside, if this pulls hard to same area on profit taking look to go LONG on it

Notable Calls:

$DBVT Citi Tags a BUY rating and ups PT to $57 (42.44) I would take some LONG here at $42.62 add on dips look for a nice move towards $44-$45 on this today

$YY BofA Tags a $101 PT (86.78) WOW Buy on dips at open $87 and under look for solid move to $90

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