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Pre Market Game Plan by AJ – 11/3/17

1) *********$TEVA RBC Capital Tags $8PT from $13 Morgan Stanley tags a $7 (11.23) WOW BLIND TRADE!
Stock Gaping down .13 I like the call for all of us to set up for a nice all day fader. I would consider taking a few SHORT here at $11.15 area room to add at the open watch for topping on it then look for an all day slow fade to $9.75 or under

2) $DCIX Reverse Split from Yesterday continuing to gap up this morning (2.50)
Stock Gaping up +$1.39 this is gaping up on NO news and thin volume watch for any pop at open as a short opportunity on this stock, I like to see it get past $4.30-$4.50 or more lean into it SHORT and look for gap fill to $2.75 and under on it, if this pulls hard at open let it flush then to $2.75 then go long it and play a nice 1 point bounce or more.

3) $P Earnings Miss (7.41)
Stock gaping down -$2 I would like to consider taking a few LONG here at $5.40 room to $5 at open looking for .50-$1 point rebound on it, expect mutiple downgrades to come today, this is a scalp play only looking for that .50 cents on it.

4) $BOOT Earnings Beat (8.40)
Stock gaping up +.90 I like the beat alot I like to see a little more POP at open towards $10-$10.50+ then watch for topping on it short it and gap fill it back to $8.75 and under on profit taking, if this pulls hard at open and gap fills quick look to go LONG for an all day slow move to the upside.

5) $AXDX Earnings Miss (19.30)
Stock gaping down -$2.50 I like to see this go long at open and gap fill some to $18+ at the open then watch for topping on it then look to go SHORT for an all day slow fader back to pre-market lows, if this pulls hard at open watch the $15 level as an area to consider going LONG on it and play a quick 1-2 point solid bounce on it then re-short it. Should be fun

6) $CRUS up on $AAPL Beat (56.66)
Stock gaping up +$2.22 I would lean into this SHORT some here at $58.80 area room to add at the open then look for a nice gap fill to $57 and under on profit taking then watch for bottom curl then look to go LONG the stock. If this pulls at open hard cover your short look for that $57 as a bottom area then look to long it along side $AAPL Either way I think this Gap gets filled

7) $MOH Earnings Beat (69.00)
Stock gaping up +$5.50 I like the beat and I like the stock gaping up here thin volume would take some SHORT at $74.50 rooom to add at the open then look for this to sell off an do a quick gap fill to $71 and under on it then look for bottom curl then go long, this is up way too much but up thin so I’ll be eyeing the quick sell off on it. after intial short covering squeeze. Wait for this to set up

8) $DATA Earnings Miss (82.17) This will gap fill imo to $75-$77 at the open
Stock gaping down -$14 would take some LONG (pre market was $70) play the bounce at the open on short covering to $75-$77 then look for topping on it and fade it off, if this pulls hard at open watch that pre-market low of $68-$69 once this curls go long on it then look for a nice 4-6 point bounce.

9) $ANET Earnings Beat (181.17)
Stock gaping up +$20 I like to see this pop some at open a little more then look for a nice profit taking sell off to $190 and under on this, If you can handle the squeeze at open and nibble some short here at $201 give it room to $205+ then watch for that topping i like the beat but I see this pullback 5-7 points real fast on profit taking, lets see the open

10) $STMP Earnings Miss (201.15)
Stock gaping down -$20 I would look for a quick pull at open would take a few here LONG at $196 area (NIBBLE ONLY) room to $195-$194 if it comes then look for a nice slow move back up to $205-$210 area this is a risky trade but once it sets up off the bottom its going to move fast!!! Analyst are saying to buy on the weakness

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Notable Calls:

$EDIT  gaped up on some PR on this volume to $25.74 stock gapin back down below $24.10 would take some long at $24.10 look for a solid move to $25-$25.50 on the news BUY the weakness cash out as it makes its move

 

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