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Pre Market Game Plan by AJ – 11/7/17

1) $DCIX another Day another play (20.19)
Stock Gaping up +$7 points this time I would love $27.50-$29+ out of the gate then look for a decent pullback look for curl on it then look to long some with 1/4 size and continue slow move should be another fun day in it. ALA $DRYS 2

2) $TOPS This will be played out as sympathy Trade for $DCIX (1.68)
Stock Gaping up +1.20 I like to see this pop at open a little more possibly thru $3.25-$3.50 on short squeeze then I will be eyeing a decent pullback and curl on it then look to go long. This may see $4-$5 today if this keeps going. so keep an eye on it.

3) $MYO Earnings Beat (4.24)
Stock gaping up +3.00 I like to see a small pop at open towards $8-$8.50 because the stock is thin I would like to lean into it short around their if it hits and look for a nice gap fill at least to $4.75-$5+ area then look for bottom curl then go long if the volume is their, BIG earnings beat for MYO BUT its up too much and to thin, think bag holders will want to sell it off on profit taking

4) $TRUE Earnings Miss (16.34)
Stock down -5.10 I would like to see this actually pop at open some so if pops to $11.50 I would take a few and look for a 1-3pt push on short covering then look for a possible all day fader on it, if this PULLS hard at open watch the $10 spot to go long and bounce it for 2 pts plus!

5) $VRX Earnings Mixed not a blow out but just enough (12.04)
Stock gaping up +1.90 I like to see this small pop at open on short squeeze then look for some sell off and gap fill to $12.50 or under then look for bottom curl on it and if it flags we will go LONG on it this needs to set up cause VRX tends to dump their gap ups on earnings so wait for it to set up for us after initial pop if this pulls at open and gap fills then just wait for bottom curl to go long

6) $VERI Earnings Miss (36.67)
Stock gaping down -$8 I would like to see a pop at open for 2+ points or more and watch for topping on it then look for a slow all day fader may even pop more, if this sells off hard at open watch the $25 spot for a good starter this has lots of range we just need to see where it opens then we can nail, I am looking for the pop at open if it does ok to chase cause it will move fast thru $30+

7) $TRIP Earnings Miss (39.53)
Stock gaping down -$5 I would like to see this pop at open 1-2+ points on short covering then top it off then slow fader on it, If this pulls hard at open watch the $32 spot and a nice entry to play it long, I think this will bounce just wait for the set up on it.

8) $CAR Earnings Miss (41.42)
Stock gaping down -$4 I like to see quick pop at open to $39 area if it comes then look for a nice fader on it, if this pulls at open look for a nice $35-$36 touch then look to long it and bounce it for 1-3 pts to the upside on short covering, I would prefer a pop and all day fader on it.

9) $RRGB Earnings Miss (67.05)
Stock gaping down -$14 I would like to see a small pop at open 3-4 pts then watch for topping on it then all day fader if this pulls hard at open look for a nice flush to $50 and under then look to bounce it big for 4-5 pts

10) $WTW Earnings Beat (44.80)
Stock gaping up +$7 I would actually scale in SHORT some here at $51 room to $53 if it comes just nibble I think this gap fills some on profit taking back to $47 area if this pulls hard at open look for that $47 or under area then look to long it

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Notable Calls:

$KPTI  gap up +.30 I would grab anything around $11.50 and under scale in Point72 took stake in company last night

$CLLS gap up +$2 would take some short at open at $28.50 area look for a nice 1-1.5pt pull on it on profit taking.

$TVTY (31.40) gap up +$1 when stock his $30.50 to $31 BUY BUY BUY this will pop head to $34-$35 on a rebound they defended last after the bell in a nice statement look for this to bounce!

 

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