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Pre Market Game Plan by AJ – 10/31/17

1) $JUNO Citi tagging a $59PT from $39 (46.29)
Stock Gapping up +.70 I like this stock to get a nice ride towards $49-$50 today. I would look to pick up some at $47 room to add on the pullback to $45.50 this may dip below $46 I believe this u/g was leaked out a few days ago. So wait for bottom curl then enjoy an all day slow move towards $50+

2) $UA Horrible Guidance (14.74) This was a +$2 gain from yesterdays call, look to cover now before shorts squeeze it
Stock Gaping down -$2 I like to see a small pop at open on short covering to $13.50+ then look for an all day fader on it. I think this touches $11-$11.50 on the downside, if this pulls at open to same area then look to play the 1-2pt short cover bounce on it

3) $UAA Horrible Guidance (16.41) This was a +$3 gain from yesterdays call to short, look to cover some now in Pre-Market
Stock gaping down -$3 Love the what we accomplished. I like to see some short covering at the open towards $15-$15.50 then look to scale in SHORT and ride it all the way down to $12 or under. Just like BofA noted yesterday. If this pulls at open to $12 spot look to begin to cover and nail this for 2-pts on the short covering bounce to $14+

4) $CBI Earnings Beat (16.18) I noted this last night this was a beat…today it was!!!
Stock gaping up +.60 would take a few LONG here at $16.60 area room to add on any pullback at the open then look for a nice slow all day move towards $17.50-$18 today once this bottom curls and moves up.

5) $LL Earnings Miss (34.77)
Stock gaping down -$2 I like to see a small pop at open on shot covering to $33.50-$34 then watch for topping then slow all day fader on it, if this pulls at all at open watch the $30-$31 area and play a nice 2 point bounce on it. Should be fun!

6) $EXAS Earnings Beat (50.10) Multiple PT increases towards $60+
Stock gaping up +$3 I would like to see a small pop at open towards $54-$55 area if it comes then look for a nice 2point pullback on it, if this pulls at open and sells off to $51 area look to go long and enjoy an all day slow move towards $54-$55 on it. Should be an easy trade for us on this.

7) $SNE Huge Beat on Earnings (38.85) Mass volume BUT $SNE tends to gap fill so I watch the potential profit taking sell off
Stock gaping up +$4.15 I would like to see small pop at open towards $44-$45 spot IF it comes if this breaks $42.50 get in their short I strongly believe this will gap fill some towards $40 and under so should be fun on the downside of this big move.

8) $OSTK another gap up on this today (43.95)
Stock gaping up +$2 I would scale in SHORT here at $45.70 area room to $47 at the open then look for a nice 2-3pt pullback on the gap fill then look for a nice bottom curl on it then go long once gap is filled should be fun shorting this for quick money

9) $MDLZ Earnings Beat (39.30)
Stock gaping up +$3 I like to see small pop at open towards $43 area then look to lean into this short and gap fill this down for 1-2pts on the downside, if this pulls at open at all to $41.80 area get in their and ride it down for 1-1.5pts to the downside before going long should be fun today

10) $QCOM Earnings Miss on Guidance possible $AAPL to pull some components (54.66)
Stock gaping down -$2 I would prefer this to pop a little at the open then look for a possible all day fader towards $50 and under, I believe this will get hurt today so watch for quick pop on short covering then fade, if this pulls at all at open watch the $50-$51 area as a nice bounce on it for 1-2pts to the upside

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Notable Calls:

$ADRO Oppenheimer Tagged a BUY rating and tagged a $15 PT “No brainer Trade” Pick up some at $8.25-$8.5 area and stock should have room all the way to $10-$11 possibly on this call. Should be fun.

$BURL Earnings Beat (89.00) This will pop at open towards $92-$94 imo then watch for topping on it then look to scale in short on it then smack it back down to $90-$90.50 spot or under then look to go long on for all day slow move to the upside

 

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