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Pre Market Game Plan by AJ – 11/2/17

1) $W BIG WIN on overnight Miss (74.41) Told all of you to SHORT this I felt it would be too competitive out their and with AMZN
Stock Gaping down -$15 points. I would nibble a few LONG here at $59.80 area small amount let it drop a few more at open this is risky at this point BUT I do think this will bounce 4-5pts at the open before all day fade sets it.

2) $RIOT Enters agreement for Acquire 1200 Bitcoin Mining Machines (6.95)
Stock Gaping up +$1.10 Very interesting news, I like this to actuall small pop pulback then look for a nice bottom curl entry this news has potential to pop this thru $8.50-$9+ so keep an eye if it flag breaks out above $8.20 should push quick to $10 spot

3) $FEYE HUGE Earnings Miss (16.37) Said this would miss last night before the close
Stock gaping down -$1.00 I would like to see this have a small pop at open towards $15.75+ then look for an all day bleeder on it, if this pulls hard at open to $13.50 and under go LONG and play a nice 1-1.5pt bounce this will bounce on any HUGE pullback

4) $TEVA HUGE Earnings Miss (14.02)
Stock gaping down -$2.20 I like to bounce this so if this pulls hard at open towards $10.50 area look to play a nice 1-1.5pt bounce on it. If this pops at open let it run to $13-$13.50 then look for lower lows to set in and look to short this for all day fader on it.

5) $PI Earnings Miss (32.80)
Stock gaping down -$6 I like to see some LONG at $23 area room to $21 at the open look for a nice 1-2point solid bounce at the open looking for this to touch $25-$26 at the open or a tad more then look for topping then all day fader on it. More it pops at open better the fade, if this pulls hard at open flush it to $21 area and bounce this baby!!

6) $SYMC Earnings Miss (32.16)
Stock gaping down -$3 I like to see this pop at open towards $31 spot then top it off then look to fade it SYMC has a tendancy to fill their gaps first before fading off, if this pulls hard at open to $27.50 area look to scale in a few LONG and nail it for 1-3pts

7) ***********$NBIX Earnings BEAT HUGE (60.93)
Stock gaping up +$12 NBIX tends to always fill their gaps told MAV last night if this hits $75+ would short it for sure stock now $72.60 if this pulls even the slightest at open look to flush this back down to $65-$66 then go long. NBIX tends to fill their gaps if this pops at open watch that $75-$76 area again watch that topping then look to fade it back down

8) $LB Earnings Beat (43.61)
Stock gaping up +$3.45 I like to see this pop a little more at the open towards $48+ then look for topping then look to fade this back down on profit taking to $44.50 and under then look to go long, if this pulls hard at open look to flush it and bottom curl around the same area and then go long on it.

9) $ESIO Earnings Beat (16.31)
Stock gaping up +$5 would nibble some short here at $21.50 room to $23 look for a 2-3pt pullback on profit taking if this pulls hard at open let it flush out to same area and look to go long on the all day slow move to the upside let this set up for us nicely

10) $FB Huge Earnings Beat (182.66)
Stock gaping none. Would buy any weakness and anything $179-$182 buy and hold and this should end up going higher all day today. I like it alot down here Mark said all the right things but also BEAT huge!!!

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Notable Calls:

$FNKO #IPO Today downsized its Pricing from to 10,4 Million shares and $12 This is a Goldman JPM BofAM deal so if this opens $14 and under look for a decent run on this today for us, if this opens $17-$20 would wait for a decent pullback before longing it. IF this prices at $20+ would have to walk away for now

$EYES gaping up on FDA approval (1.08) +.21 would just let the chasers chase and dump this stock for an all day fader EYES NEVER NEVER holds its gains EVER!!!

*********$NTLA 6.2 million offering at $24 a share. These $22 area is very interesting to pick up some down here and play for a nice 1-2 pt bounce, the fact its down so much pissed off investors this was $33 a few days ago. I would be a buyer down here at $22.50 and under play the bounce on it

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