Pre Market Game Plan by AJ – 11/29/17
1) $CAPR FDA has “cleared IND for clinical Trial (1.92) Cleared, I’m clearing my dinner plate from last night as well. OMG!
Stock Gaping up +.60 I like to see sheep chase this at open then watch for lower lows to set in on it then look to fade this all day back to $2 and under where it came from. More this pushes on craziness at the open better for us on the SHORT side
2) $PLAB Earnings Beat (9.35)
Stock Gaping up +.70 I like to see a quick pop at open towards $10.50-$11 then look for a decent pullback to $9.50 and under then look for bottom curl then look to go long on it for a slow all day move to the upside. Should be fun.
3) $PSTG Mixed Earnings but seeing mutiple upgrades this morning on it (19.02)
Stock gaping down -$1 2 ways to play this today, let it pop at open towards $19+ then look to short it for slow fader, if this PULLS at open to $17 and under watch for bottom curl on it then look to go LONG for slow all day move towards the upside on it.
4) $NUAN Earnings Beat (15.86)
Stock gaping up +$1.50 I like to see small pop at open towards $17.50-$18 if it comes then lean into it short then look for a nice slow fader back to $16.25 and under on profit taking this should fill the gap first before legging up NUAN has a habit of doing that. If this pulls at open and simply fills the gap to $16.25 and under then for sure go long and play the move towards the upside
5) $ROKU IF Citron is confirmed to be on CNBC today then this is definitely in play for us CITRON PT $28 (46.43)
Stock gaping down -$2 I like to see a pop at open on this towards $45-$46 then watch for topping then take a few SHORT and fade this slow when and if Andrew comes on add a few more SHORT as the show approaches looking for possible $42 on this. This is going to be a little tricky, noticed NO one came out today to defend the stock. So I will be eyeing the short side of this today after initial gap fill
6) $WING removed from Conviction BUY list with GS also d/g at Gugg (39.85)
Stock gaping down -$1.50 this is getting hit on CMG so I would like to see a small pop at open towards $39+ then all day fader on it slow move to the downside, if this pulls at open towards $35-$36 quick snap then go long play the 1-2pt bounce on it top it off then look to short the stock imo
7) $RIOT going crazy on Bitcoin hitting 10,000+ (15.25)
Stock gaping up +$2.50 look for this to pop at open on short squeeze possibly to $18.50++ then look for nice snap back on it back to $16.50 and under then we will watch for it to go long, if this pulls at open hard to $16.25 and under then look to go long and play a nice 1-2point slow bounce back to highs
8) $HTHT Earnings Mixed (114.48)
Stock gaping down -$6 pts I would take a few long at $108 room to add at the open towards $105 and look for a nice 2-4pt bounce on it, if this pulls at open back to $108 let it flush to $105 area of it comes watch for bottom curl then look to go long on it.
9) $ADSK Earnings slight miss (129.95) Most analyst are ALL saying to buy on weakness today and raising PT’s
Stock gaping down -$15 Points I would nibble a few long at $114 use wide range add on dips towards $11 then look for slow slow move towards $119-$121 on it, if this pulls hard at open to $110 area then definitly grab some long on it and watch for bottom curl then slow move to the upside on it
10) $CMG Searching for New Ceo (285.86) imo this isn’t good news
Stock gaping up +$20 I like to see this sell off at open back towards $290 and under, to me this isn’t really good news, if this pulls at open towards $290 and under then look for a nice 3-5pt bounce before giving back, if this pops at open then look to short it if it hits $307-$310 area should fade off.
$RYB Mixed messages on the story, Parents saying they made it up, however a teacher said she used needles to discipline students (22.20) I would nibble some LONG at $19.50 add on dips if they come then look for slow mover back to $22-$23 everyday the story is becoming more clearer although they may not be perfect the stock should rebound some
$MULE Oppenheimer Tags a BUY rating on this with a $30PT (23.00) Stock gaping up +.70 I like to see a quick pop at open towards $24+ then look for a decent pullback on it towards $23.35 and under then look to go LONG on it for an all day slow move towards $24-$24.50 once this sets up it should be a nice slow move towards the upside on it.