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Pre Market Game Plan by AJ – 11/1/17

1) $EVHC Earnings Miss (42.80) down over 50% Conference Call early in the morning LONG at $26.87 looking for $31+
Stock Gaping down -$17 points Conf Call at 5:30 PST I expect the CEO to get on their and take this up 4-6points off the bottom, if this pulls at open at all look for the $25 are to go long, if this pops towards $31-$33 watch for topping then pullback, then curl then possible slow move to the upside.

2) $SKLN Low Floater PIG, think Chatrooms will be pumping the PR on this so watch carefully (1.88)
Stock Gaping up +.40 I like to see a pop at open towards $2.50-$2.80+ area then look for a nice lower low to set in and look to fade it back all the way back. Think the PR is a little weak but has the key word “Cancer” in it so it could fly watch for it.

3) $JUNO Positive PR on JUNO this morning, lots of positive noise on it (44.91)
Stock gaping up +6 Points told you all to grab this at $44 yesterday and hold on a swing. Based on Citi $59PT today Pay Day. I like to see this SHORT at $49 area bring it back down to $46 area or under at the open then look for bottom curl on it then go long, scale in as it finds its bottom, I think we possibly see $50-$51+ on this today

4) $ADMS Now Kerrisdale is LONG on this $85PT from Evercore look for this to be in play today (24.66)
Stock gaping up +$3 I like to see a little more pop at the open towards $28.50-$29+ then look for a decent 2-3 point pullback on this on profit taking back down to $26 area or under I don’t think this will fill the whole gap Traders but let it at least come down enough for us to grab a few just be patient on it after it rips at the open if it does

5) $DDD Earnings Miss (12.38)
Stock gaping down -$3 I would actually take a few LONG here at $9.30 with room to $8.50 at the open I think we bounce this back to $10-$10.50+ at the open so watch for it to break out. This is down a lot, but I think SHORTS will want to cover so watch for it

6) $SSYS Getting hurt on $DDD Miss (22.52)
Stock gaping down -$1.50 I like to see a pull at open to $20 spot or under then play for a nice 1-1.5pt bounce on it then look to fade it all day long off of DDD miss. If this pops at all at the open expect a quick pop to $21.60+ area then watch for topping on it then look to fade it all day to lows, more it pulls at the open better the play for us.

7) $X Earnings Beat (25.32) $X likes to sell of their gaps so keep an eye on it pulling
Stock gaping up +$2.70 I like to see a pop at open towards $29+ then scale in SHORT and fade this back down to $26.25 and under then look to go LONG on it. If this pulls at open quick gap fill it to $26.25 area or under then go LONG for all day slow move to the upside

8) $QLYS Earnings Beat (52.90)
Stock gaping up +$5 I would actually take some SHORT here at $57.30 area room to $59 at the open this is up thin, so watch for a nice 3-4 point gap fill short, I would love for this to get back down to $53.50 and under so eye on the short on this huge gap up. Earnings were good but not that good.

9) $GRMN Earning Beat (56.61)
Stock gaping up +$3 I like to see small pop at open possibly thru $60 then lean into it short gap fill this back down to $57.50 and under on profit taking then bottom curl it then look to go long on it. More it pops at open if it does better the short for us

10) $ICPT Earnings Beat (61.63)
Stock gaping up +$3.5 I like to see this actually small pop and sell off and gap fill back to $62.50 and under so watch for the pop lower lows to set in and nail this on profit taking, if this pops at open towards $68+ watch for the short on it

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Notable Calls:

$GE JPM Tags a sell rating $17PT (20.55) gaping down -.30 cents would take some SHORT at $20.10 add on any pop look for it to break $20 then all day fader on it $18.50-$19

 

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