Pre Market Game Plan by AJ – 1/19/17
1) $NVCR Positive News (6.45)
Stock gapping up +.60 watch any pop at open and look to fade this slow on gap fill back to $6.60 or under, if this pulls hard at open to same area go long.
2) $OCLR Nice earnings (8.13)
Stock gapping up +.72 watch for nice pop at open thru $9-$9.50+ then watch for topping then look to short this and gap fill on profit taking back down to $8.50 or lower if this plus at open on profit taking to same area or lower go long. IMO may just pop and fade on it, so watch for it
3) $RCII Earnings Miss and Guidance Lower (10.19)
Stock gapping down -$1.50 2 ways to play this, stock pulls at open to $7.50 scale in LONG for a nice slow all day move back to $8.50-$9 to close if this pops at open to $9.50+ scale in SHORT for all day fader on it
4) $AKS Citi Tags a Sell rating with $8PT (10.07)
Stock gapping down -.40 would take a few here SHORT at $9.65 room to add on ANY pop at open look for a all day slow fade to $8.50-$8.75 on this call
5) $GNC Goldman Tags a Sell rating an lowers from $12 to $8PT (11.15) WOWZA…But this is Goldman so be careful
Stock gapping down .50 would take a few here SHORT at $10.70 with room to add at open on short covering watch for topping then look for all day fader on this, but keep stops tight, this is Goldman and they always go opposite but this PT is low
6) $XOM UBS Tags a Sell rating on this lowers from $86 to $72PT (86.28)
Stock gapping down -.50 would take a few here SHORT at $85.90 area add on any pop at open and look for this to give back 2-3pts on this call to the downside.
7) *****$FTI Morgan Stanley Tags a $48PT Plus Sumitono Increases Stake in Co, also lots of Feb $36 call Buying (34.92)
Stock gapping down -.50 took a few long myself at $34.50 area will add on weakness seems like a nice bottom play with room to $36+ on it today. Like the call and the news
8) $CSX Earnings Blowout Multiple upgrades thru $50++ (36.88)
Stock gapping up +$7 watch for any pop at open to $45+ on short squeeze then look to scale in SHORT and bring back down on Profit taking. I like this one to gap fill some around $40-$41 or under then look for another leg up, watch for topping on this, HUGE pre-market volume already stock is strong so wait for the short, let it run if it needs too, IMO it will sell off some on profit taking
9) $NFLX Blow-Out Earnings (133.26)
Stock gapping up +$11 Look for some serious profit taking on this, the $144 sold off nicely this morning if this pops again at open on short squeeze to the same area look to re-short it and bring it down back to $137 or under on profit taking then scale in LONG, Normally $NFLX sells off their earnings gains on profit taking so expect this to happen today before legging up.
10) $TSLA Morgan Stanley Tags a BUY rating with $305 PT (238.36) Note to self, $TSLA always gives back upgrade gap ups!!!
Stock Gapping up +$10 any pop at open would consider shorting, Use wide range would take a few at $248.50 add on pops thru $250+ look for this to gap fill back to $242 or under then scale in LONG for a nice all day slow move back to highs
$DRYS announce 1/8 Reverse Split effective the Jan 23rd (1.59) I actually would consider taking a few here $1.40 and buy and hold this, think their doing this for another possible run in it. Cheap down here at the $1.40 level would buy and tuck away
$MNK Both Oppenheimer and Wells Fargo are saying to BUY on weakness (46.53) would consider taking a few at $47.10 with room to add at open think this rebounds to $49+ on these calls
$ANY Sphere to acquire HVE (.30) stock up +110% would consider buying a few on weakness or on any pull at open if this sells off at open let it flush to .40 cent or under then would consider taking a few.