Pre Market Game Plan by AJ – 11/28/17
1) $XNET so much negativity all over with possible major transparency issues heavily being shorted (21.01) Spartan at $26 SHORT
Stock Gaped down -$4 this morning, I think many NOW will try and short this stock also there is speculation of a HALT possibly upcoming so if taking short at open wait for possible squeeze on many chasing out of the gate then watch for topping then get in there and grab a few for yourself. If this pulls at open HARD to $15 or under then look to play a nice 2-3pt short covering squeeze on it
2) $APEN Received FDA “Clearanance of Overstich (4.07)
Stock Gaping up +$1.50 I would like to see a quick pop at open possibly thru $6 spot if it comes then look to lean into it short if lower lows set in, news sounds good but I believe this pop will be short lived and sell off on profit taking, if this small pops then watch for lower lows to set in quick then all day fader on it. Should be fun.
3) $MOMO Beat but in-line guidance “Investors wanted more on this” (30.90)
Stock gaping down -$3.50 I would consider taking a few long at $27.50 nibble and look for a potential pull at open to $26 if it comes then look for a 1-2point quick bounce, I think this ends up selling off all day after initial short covering. If this yanks hard at open to $26 and under play the bounce, I would prefer at this point to pop at open then all day fader on it
4) $SFIX Gaping up +$1 on announcing earnings to be released on the 19th of Dec, (23.08) SO????
Stock gaping up +$1 any pop at open to me would be a short, this is gaping for the wrong reasons, they haven’t even stated if they did well or not, so I think if you can find shorts on this I would take a few at $24+ area add on pops and look for a nice fader on it and gap fill back to $23
5) $ROKU Needham Tags a BUY rating with $50PT seeing continuation 11/27 (46.52)
Stock gaping up +$2.10 I like to see small pop at open possibly thru $49.50+ if it comes then look to lean into it short and gap fill this back to $47 and under on a decent pullback on it then look for a possible all day slow move to the upside towards $50 spot, NO NEW upgrades this morning so I feel $50 would be the max spot on this so be careful when and if it gets there.
6) $SQ BTIG Tags a Sell Rating with $30 PT 11/27 (41.02)
Stock gaping down -$1.50 this is getting shredded this morning, so I would prefer a pop at open on some short covering towards $40.50+ then lean into it short for all day fader, if this pulls hard at open to $38 and under go LONG and play the 1-2 point bounce on it. Should be fun
7) $UL Earnings Beat (56.65)
Stock gaping up +$1.00 I would like to see a little more pop at open possibly thru $58+ then look to lean into it short and look to fade this back and gap fill it to $57 and under on profit taking, once this gap gets filled then look to go long and play a slow all day move to the upside. I like the short side of this after initial pop at open
8) $WGO gaping up on $THO Earnings (50.65)
Stock gaping up +$3.00 on THO Earnings MM’s propping this up at the moment, No volume SO this tells me that it will open around $52 then quick snap and gap fill to $51 and under if it comes grab a few LONG and play this back towards $53+ on it. I think imo this gap will be quickly filled then all day slow move back towards $53 on it. Should be fun
9) $TECD Earnings Beat (93.22) Multiple upgrades including CITI to $110+ on there Earnings (93.22)
Stock gaping up +$4.50 I like to see a quick pop at open towards $99-$100 if it comes then quick snap and pullback on profit taking to $95 and under then look for an nice all day slow move back to highs, once the profit taking is done and it pulls back on it look for a nice solid move to the upside. Stock has range so wait for the pop and drop and then go long on it.
10) $THO Nice beat and beat on top and bottom (136.25)
Stock gaping up +$17 POINTS I would like to see this pop a little more at the open possibly thru $155-$157 on nice short squeeze then look to lean into this short and get at least 5-7 points on the downside on it, if this pulls at open I’m looking for $145 on it then bottom curl then back to highs, stock has range so wait for it to set up.
$RYB Moving fast this morning recovering from bad news (18.00) Gaping up +$5 I would look to see if this pops a little more towards $23.50-$24 then lean into it short and gap fill this back to $20 and under if it comes then look to go long back to highs