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Pre Market Game Plan by AJ – 10/27/17

1) $MNOV Gaping up after yesterdays collapse (6.35)
Stock Gapping up +1.15 I would like to see this pop more at open possibly thru $8 spot not seeing any upgrades or anything to jam this up so I will be looking for the push at open then lower lows to set in then look for fade back to $6.50 and under.

2) $VYGR Cantor just tagged a BUY rating with $35PT (21.54)
Stock Gaping up +1.70 with MM’s holding it up on NO volume. This is telling me where it wants to go today after the gap fill. So watch for sudden pop at open towards $24 then snap this hard and fade it back to $21.70 and under then look for bottom curl then look to go LONG on it for an all day slow move to the upside. Should be slow and fun today on this call with market being up

3) $KTOV Keep an eye on this, gaping up got some noise on it and Chats playing it on yesterdays news (2.34)
Stock gaping up +.30 I would actually take a few LONG here at $2.65 level think this could pop at open thru $2.90-$3.10 spot then look for this to gap fill back to $2.40 and under, I would love to see this in play today, if this pulls at open hard to $2.40 area then scale in long for potential pop and flag and run.

4) $EFII Earnings Disaster (42.13)
Stock gaping down -$10 would nibble some LONG at $33 level room to $31 at the open think this pops and gap fills 2-4pts at the open before topping off then all day fader on it. I would love for this to touch $36-$37 at the open so nibble some.

5) $MAT Earnings Miss (15.37)
Stock gaping down -$3.37 on its lows today, I would love to see this pop at open towards $13.75-$14 top it off then all day bleeder on it. If this pulls at open to $12 and under watch for bottom curl then look to long this for 1-1.5pts on gap fill

6) $CERN Earnings Miss (71.32)
Stock gaping down -$6 I like to see this pop at open towards $67-$68 on short covering then top it off watch for lower lows to set in then look for an all day fader on it, if this pulls hard at open watch it flush down to $62-$63 level give it some room then go LONG and play 2-4pts on the bounce before looking to short it again

7) $FSLR Earnings Beat (47.92)
Stock gaping up +$5 I like to see this pop and squeeze at open towards $54+ then look for the profit taking to kick in and bring this back below $50, I love the beat on this and I do think this will run today, BUT I also think we get some profit taking on it so watch carefully the open and we will nail it, looking for now more then $50 on the pullback on it as well

8) $GT Earnings Miss (33.67)
Stock gaping down -$2 like to see this pop a little at open on short covering to $32.50-$33 then look to fade it off all day long if this pulls hard to $29 level and under go LONG play the 1-3pt bounce on it then short it all day.

9) $EXPE Earnings Disaster (147.35)
Stock gaping down -$23 Points I would like to see this pop some at open possibly thru $130-$132 spot then look for an all day fader on it, if this pulls hard at open and flushes out to $117-$118 then watch for bottom curl then go long play the 3-5pt bounce on it. Stock hs HUGE range so be cautious with it when playing the bounce

10) $TOCA Gene Therapy offers hope for Brain “Cancer” (9.23) This stock so be careful
Stock gaping up +$2 I like the news so watch for potential rip at open toards $13-$14 spot if it comes then look for some profit taking pullback to $10.50-$11 then possible long on it, this has thin volume so let it set up first if this pulls at open to $10 then definitely watch for bottom curl then go long on it. Think this gets some decetn action today

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Notable Calls:

$FSCT IPO priced 5.28 Million at $22 Great IPO on a great day to open so if this opens $30 and less would nibble some long for a potential 2-3pt bounce over $30-$35 would play very very very cautiously over $35 walk away!!! This is a LOW Floater so if this opens right with 750-1.2million in volume this should fly at the open

$FTNT Earnings Miss (40.10) Gaping down -$3 I would like to see this pop some at open towards $39 spot then watch for topping then potential all day fader on it, if this pulls hard at open to $35-$36 watch for bottom curl on it then go long for 2-3pt bounce on it

 

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