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Pre Market Game Plan by AJ – 11/8/17

1) $IZEA Earnings Beat (3.27)
Stock Gaping up +$1.40 I like the beat would love to see this pop more at open on a decent short squeeze possibly thru $5-$5.50 then watch for topping on it the look to fade this back for 1-1.5 pts on profit taking sell off. Volume is lite so expecting a pop and fade on it so watch for the short side of it.

2) $FPRX provides positive update on Cabralizumab (25.86)
Stock Gaping up +$3 this went as high as $31 this morning at this point let it pop at the open to $30+ if it comes watch and wait for a decent pullback on it then look for this I would love to see $27 area or under then watch for bottom curl then go LONG for a nice all day slow move to the upside. This $28.50 is tempting but concerned being up +$3 pts I’d rather wait for some pullback to play this

3) $FOSL another quarter another HUGE MISS (6.85) Said last night before the close this would miss and miss big now we go to $5
Stock gaping down -.60 If you can take a starter around $6.20+ area room to add on any pop I would love to see this pop some on short covering then look for an all day bleeder on it to lows. I would love for this to see $5-$5.25 on a massive sell-off

4) $MBI Earnings Beat (6.93)
Stock gaping up +$2.50 I would like to see a pop at open not much from here, BUT I think this fades off and gap fills to $7.50 or lower on profit taking. I like the beat but feel this is up way to much so if this punches thru $10 at the open look for a nice pop and sell off for 1-2 pts on the gap fill.

5) $MTCH HUGE BEAT (26.90)
Stock gaping up +$5 I would love to short this up here at $31.50 area NIBBLE a few don’t go super hard stock has room to $33 then look for this to pullback on some gap fill to $28.50-$29 area or under on profit taking then look for bottom curl then back to Pre-Market highs.

6) $PLNT Earnings Beat (25.59) UP THIN!!!
Stock gaping up $2.70 I would actually try and get some short here at $28.10 room to $30 at the open then look to fade this back and gap fill it back to $26 and under, if this sells off at the open look for the $26 and under as a LONG on it then slow all day move to the upside.

7) $AAOI Mixed Earnings but beaten down stock should squeeze today off of lows (37.89) LONG some at $38.50 sold some at $40.65
Stock gaping up +$1 I like the fact this hit $45 a share after hours picked up some LONG in 2 account $38.75 and $38.50 all out at $41.40 both accounts. Alerted room my positions. Now I will wait for another opportunity if this pulls at open at all back to $39 area or under I will look to go LONG the stock again, think this eventually rocks back to $44+ today

8) $EGRX Earnings Beat (55.49)
Stock gaping up +$2.50 EGRX always fills their gaps before making the move so any solid pop at open $62+ watch for topping then get in their and short it back to $56 and under think this pulls at open if it does look for that $56 and under then bottom curl it then go long on it.

9) $Z Earnings Beat (39.97)
Stock gaping up +.50 would take some LONG here  at $40.50 room to add at the open look for a nice all day slow move to $42+ on this today and expect some nice upgrades on the stock. If this flushes at open let it then look to go long the stock.

10) $TTWO Earnings Beat (106.39)
Stock gaping up +$12 I would like to see a pop at open if it comes thru $120-$123 then look for a nice sell off on it on profit taking to $110 or under this is up  a lot so expect some serious profit taking on it. If this pulls hard at open then look for $110 area then look to go long the stock.

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Notable Calls:

$VYGR  4.5mil on the offering at $12 BUY the stock anything under $12 and under look for a solid move 1-1.5 pts to the upside on this offering!

$FEDU  IPO priced 10mil at $10 if this opens at $10.50 and under look to grab a few and play it possibly to $11 spot should be fun but watch for the opening needs decent volume. once it breaks thru $10.75 spot should have a decent run on it.

 

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