Pre Market Game Plan by AJ – 1/12/17
1) $TBIO Received Canadian Patent also selected its ICE COLD PCR as its platform (.28)
Stock gapping up +200% I like to see this pop at open possibly clear the +$1 area wait for decent pullback on profit taking then watch bottom curl for another possible move to the upside. Just sit tight an wait for this to sell off on bottom curl to get another shot at it
2) $BSPM Gapping up on Newsletter and Former Runner (3.06)
Stock gapping up +1.00 I like to see this pop a little more at open followed by a nice gap fill pullback to $3.25 or under then we scale in LONG for a nice all day slow move back to highs possibly to $5+
3) $MICT Received 3 sizable purchase orders (1.27)
Stock gapping up +.40 on air, I like this one to run to $2+ then wait for decent volume and a decent pullback watch for bottom curl and with volume this could get going to $2.50+ In the beginning watch for pop then lower lows then let it fade
4) $X Credit Suisse Tags a Neutral on this with a $30PT (35.20)
Stock gapping down -$1.20 already, ANY pop at open I like to see this sell off all the way to $32.50 area today especially with the market down some. So any pop at open look for this to fade off all day
5) $STLD Credit Suisse Tags a Neutral rating with $36PT (37.07)
Stock gapping down -$2 I like to see this pop at open on quick short cover to $36-$36.50 then scale in SHORT and look for an all day fader on it back to lows. I would like to see this touch $33.50-$34 or under. Should get hit on this following X
6) $LEDS Great Earnings plus +43%Y/Y (3.76)
Stock gapping up +1.20 I like to see this pop some at open possibly thru $5+ then look for a nice gap fill pullback to $4 or under then watch for bottom curl then go long. IF this pulls at open to same area on profit taking watch for bottom curl and vol & go LONG
7) STRP announce a settlement with the FCC and plans strategic alternatives (31.41)
Stock gapping up +$21 a share I like to take a starter at $52 short with room to add at open and look for a nice 4-6point sell off at open, news is great but imo up way to much, so watch for it to top off, USE wide stops and look for this to give some back at open
8) $AAOI Beats on Revs and upside guidance (22.72)
Stock gapping up +$5 watch for a pop at open possibly to $28+ then look for a nice gap fill pullback on profit taking to $24 or under then we scale in LONG again, Great guidance but I will be looking for profit taking to kick in on this today. If it pulls to same area then we can scale in LONG on it for an all day slow move to the upside.
9) $MRK had positive news on 1st patient dosed for clinical trial IMP321 + Multiple upgrades today (61.63)
Stock gapping up +$1 I would by on ANY weakness today on this anything under $62 to me is a bargain and I think after any initial pullback we get to $64-$65 on this today so wait for it to set up on any pullback
10) $DIS Pivitol downgraded to SELL with $85 PT (109.44)
Stock Gapping down _$1 would take some here at $108.50 add on any pop at open then look for a nice all day fader on it. I think this touches $104-$105 on this call.
$ETRM another day on it. Watch for a pop at open then look for another possible major pullback then we go long.