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Pre Market Game Plan by AJ – 10/25/17

1) $CAPR announce positive results on 12month study HOPE-1 (2.20)
Stock Gapping up +.70 I like to see more pop at open on sheep chasing this to $3.50 maybe touch $4 at the open then look for lower lows to set in and look to fade this all day. I think the news/hype is crazy for a HOPE-1 but hey, let them chase we will short it back to where it came from

2) $ALDX Cantor comes out swinging this morning and Tags a $22PT on this stock (6.20) like OCLR yesterday
Stock Gaping up +.50 I like to see pop at open then nice sell off on it back to $6.25-$6.35 area if it comes scale in a few and then look for possible slow move to $7.50-$8 on this call should be fun once we get the set up on it.

3) $TRVG Earnings Miss (10.76)
Stock gaping down -$2 I like to see a pop at open thru $10 spot at the open if we get it then look for an all day fader on it. If it pulls hard at open back to $8.50-$8.75 look to scale in long on it and bounce it.

4) $ACHC Earnings Disaster and Miss (44.12)
Stock gaping down -$11 I like this to break over $34.50 spot then go long and take it 2-3pts or more on short covering then look for topping on it then we fade it back, I do like this alot and feel we will bounce it , if this pulls hard at open to $32.50 are would take a few long and play a nice 3-5pt bounce on short covering (they will come in an short cover this no doubt 3-5pts or more )

5) $APOP Earnings Beat and guidance (7.96)
Stock gaping up +3 I like to see a sell off on this back to $8.50 to $9 spot or under then look for a nice bottom curl slow move to the upside on it, I like to gap fill this, if this pops hard at open towards $11+ scale in short and look to fade this on profit taking, but I prefer the sell off first then look for a nice play on it typically these type of plays gap fill and sell off first

6) $MGNX Enters global collaborationĀ agreement will receive 150million up front (16.19)
Stock gaping up +$6 I like the news and the upfront, but like all collarborations they tend to fade so I would prefer a pop at open towards $23-$24+ area watch for topping on it then look to fade it back down and gap fill, this stock is up on thin air so it should fill a gap on it back to $18-$18.50 area

7) $AKAM Earnings Beat (51.91)
Stock gaping up +$6pts I like the beat and would love for this top pop at open towards $57-$58+ area then look to fade this and gap fill on profit taking, if this pulls hard at open watch the $53 area and under then look to nibble long on the curl then all day slow move to the upside on it.

8) $OSTK Earnings Beat (38.60) Had a big run into earnings already expect some profit taking on this
Stock gaping up +$3 I would like to see small pop at open maybe towards $42.50-$43 then look for a nice gap filll profit taking back to $38 area or under then bottom curl on it then slow move back thru $40 spot

9) $IRBT Earnings beat and guidance (75.26) This is already a win, told you all last night they would surprise and come in strong
Stock gaping up +$7.20 I like to see a small squeeze at open towards $84-$85 spot and scare the shorts out of the stock then look for some topping on it then look to pull this back on profit taking back to $78-$79 levels then look to go long on it. I don’t care what shorts say on this, IRBT is doing exactly what it needs to do to get back on track

10) $CMG Earnings Disaster called this out last Weds on BofA downgrade and last night (324.50)
Stock gaping down -$44 pts I like to nibble some LONG here at $280.50 spot room to add on any pull towards $275 wide range it, I like this to open and bounce to $290-$295 on short covering then look to fade it still seeing a lot of PT over $340+ so I thjink we bounce it off the $275-$280 area should be fun

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Notable Calls:

$QURE 5million offering at $18.25 (18.78) gaping down -.50 I like it down here at $17.70 area would prefer a little more of a dump at open hopefully to $17 area or under then scale in LONG for a nice all day slow move back towards $18-$18.50 maybe we get lucky and touch $19 but don’t push your luck just buy on weakness.

$JNPR Earnings Miss (26.26) This always gets bought back up so watch for the gap fill pop down -$2 pts right now. I would take a few LONG here at $24.05 with room to add at open then look for a push towards $25 spot or more then sell it.

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