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Pre Market Game Plan by AJ – 12/5/17

 

1) $RVNC announce positive Phase 3 trials this morning (26.00)
Stock Gaping up +$9 I would be eyeing the short side of this gap up but only a sell off to $30 area and under before bottom sets in, looking at the notes if however this pops at open on short squeeze to $37-$38 that would be the topping on it if it does and I will keep an eye on any upgrades if they come in, Right now SHORT at $36 🙂

2) $DPW WOW ran to $4.40 after hours as I said it would do, plus I said an offering and it was only 2million (3.49)
Stock Gaping down -.55 I like to see a possible pop at open maybe to $3.20-$3.50 area then a decent pullback with volume (volume is the key on this) once we pull it find bottom I’m thinking $2.70 and under maybe watch that bottom curl then we will watch the break out on it. $3.30 will be the break out I’m looking for to go LONG on this with decent size and pop it back thru $4+

3) $FRAN Earnings Disaster (7.80)
Stock gaping down -.55 Conf Call going on right now 2 ways this pops at open on short squeeze back thru $7.80-$8 spot then look to lean into it short and all day bleeder, or this pulls hard at the open and dumps to $6.80 and under then watch for bottom curl on it then look to go long on it for a nice .50-1 on it.

4) $PXS Gaping up again + No offering so possible another day in it for us (6.68)
Stock gaping up +.45 I like to see pop at open if it comes thru $7.60 to $7.80+ if it comes followed by a nice sell off like yesterday I will be eyeing the pullback and curl again on the break out, love to see $6.50 or under before momentum strts to come in, I will be eyeing this like yesterday and if I see it getting ready to break out I will call it out.

5) $LE Earnings Beat (11.80)
Stock gaping up +$1.70 I like to see a little more pop at open towards $14 spot then lean into this short and gap fill it back to $12.20 and under then go long, if this pulls at open to same area then look to go long on this for a nice slow move back to pre-market highs Should be fun once it settles

6) $COLL News with DEPO after hours, + 2 upgrades with Needham at $28PT and $27PT with Jefferies (16.94)
Stock gaping up +$4.05 I ike this gap up, so look for a squeeze pop at open possibly to $22+ on it then look for a nice sell off on it I like this to fill the gap back to $17.50 and under, sometimes these things actually sell off their amazing gaps so if this breaks the 20 spot look for more downside before going long on it. If it fills the whole gap then go LONG on it. I like the PT and should be fun

7) $GIII Earnings Beat this morning (30.14)
Stock Gaping up +$4 now GII likes to run at the open on this, so watch for a decent pop at open if it comes to $35+ area lean into it short 1/4 size then look for this to come down and gap fill only 2points maybe a tad more, but dont expect full gap fill, if this pulls at open to $32 and under if it does let it settle then look to go LONG on it for a nice play to highs with volum

8) HDS Earnings Beat (36.49)
Stock gaping up +$3.52 I like the beat and I do expect upgrades this morning on it, but this tends to sell off their gaps so I will be eyeing the short side of this gap up, if this sells off to $38 and under and gap fills then watch for bottom curl then go long on it, if this pops a little more at the open to $41-$42 on short squeeze watch the toppoing on it then look to go SHORT for 3-4pts

9) $OSTK another day another gap up (46.10)
Stock gaping up +$1 I would take a small piece short room to $47.50-$48 area watch for topping thne like ROKU snap it back to $45.75 area if it comes then look to go long on it back to highs, This will be the last day we play this for a bit, so watch the pop, drop and sell off then go long just like yesterday

10) $ORLY Up big on AZO numbers (250.39)
Stock gaping up +$8.50 pts started up as high as $265 wow stock has range today, so I will be eyeing a possible pop at open to $260 followed by a decent short on a pullback on it then look for a $252-$253 entry then look to go LONG for a and all day slow move up. HOWEVER if this pulls at open and goes below $250 this will sell off to $248 and under since this has had a 5 day run up

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Notable Calls:

$AAP Gaping up +4 points on AZO numbers so watch for a quick pop at open to $109+ scale in SHORT and short it back to $105.50 and under then look to go long on it. If this pulls at open gap fills then go long on it should have range on it for us.

$MBRX SHORT this investigation, I’m going to investigate why I’m sick today (1.90) Gaping up SHORT $2.50 and hod it all day to $2 and under

 

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