Updates

A leader is built by the profits of his followers

Pre Market Game Plan by AJ – 1/13/17

1) $TBIO  Continuation and Momentum continues (1.12)
Stock gapping up +.24  Like to see quick pop at open followed by a decent profit taking pullback to $1.10-$1.15 area then watch for bottom curl then scale in LONG for another move to the upside.

2) $RXII   OPK reports 5.11 Passive Stake in Company (.70)
Stock gapping up +.30 I like to see a quick pop to $1.20-$1.35+ then I will wait for the profit taking pullback to $.80-.85 cents or under then watch for bottom curl then scale in LONG for a potential all day run on it

3) $TTNP  granted permanent J-code for Probuphine (4.10)
Stock gapping up +.70 like to see a quick pop at open possibly thru $5.25+ then watch for topping then look for a potential fader on it gap fill it to $4.20 or under, To me this gap up is more of a short opportunity on this news, so watch for lower lows to set in

4) $ARWR  13D out  regarding discussions of a possible transaction product licensing + More  Silence takes 9% stake (2.17)
Stock gapping up +.20 I like to see this pop and quick pull with volume on a bottom curl around $2.20-$2.25 then consider taking a few long for a potential all day slow move to the upside, IF you take now at $2.30 need to add on dips if they come .12 cent risk

5) $P   Another Day another “potential” buyer LOL this time SIRI  (12.00)
Stock gapping up +$1.10 Any pop to me is a SHORT so look for this to Gap fill back to $12.15 or under imo Everytime P has a rumor it pops and fades all day. So watch for this to pop and pull and lower lows set in

6) $GME  Issued Horrible Holiday Guidance (24.72)
Stock gapping down -$2.00 This should get hurt all the way to $20-$21 today so any pop at open towards $24 I would consider SHORTING and if this pulls hard at open to $20-$21 watch for bottom curl then scale in LONG for a nice 1-2pt bounce

7)  ***GRUB  Morgan Stanley Tags a BUY rating with $44PT (37.37)
Stock gapping up +$1.70 I would consider SHORTING here at $39 level with room to add at open this should sell off nicely to $37.60 or under then watch for bottom curl then go long. Fill the Gap Traders  Its right their, higher it goes at open better the pull should be fun!

8) $CLVS  Morgan Stanley Tags a BUY rating with $68pt (53.49)
Stock gapping up +1 Like to see quick pop at open then look for a nice pullback to $53.60 or under watch for bottom curl a lot of people bought into this yesterday hence the run on it, so lets see if it sells off on profit taking then we will watch for bottom curl then scale in LONG

9) $DXCM   Positive news on Insurance coverage category (67.61)
Stock gapping up +$13 I like the news, benefits the company but Stock up way too much on this, any pop thru $81-$83 at the open watch for a topping then lean into it short and look to fade this baby to $72 or under. Great news, just up too much reminds me of STRP

10) $FB  Raymond James Tags a Strong BUY at $160PT (126.62)
Stock Gapping up +$1 would take some at $127 add on dips if they come at open then look to go LONG for a nice slow move to $130+

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Notable Calls:

$MBLY  Jefferies Tags a BUY rating and $52PT (40.84)  Gapping up +$1 wait for decent pullback to $40.90 or under then scale in LONG should pop first then wait for the gap to fill then look to take a few long slow move to $43-44

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