Pre Market Game Plan by AJ – 1/20/17
1) $IDXG Signs Partnership with Israeli Company (4.60) Former runner
Stock gapping up +$3 I like this news, should pop it more at open then wait for a nice profit taking pullback on it watch for bottom curl then scale in LONG Shorts will get squeezed on this quite a bit could go as high as $8.50-$9 at open so be careful, volume is good just need for it to settle down before getting in
2) $BLPH HC Wainwright Tags a $5PT (.63)
Stock gapping up +.10 don’t see any harm on this call, think the stock gets to $1.10-$1.25 on this upgrade. I know HC is pushing on their placement of .80 cents, so I think this is the true reason behind the upgrade. So given this is a broken down stock, think this small upgrade at least gets it back thru $1 again
3) $EMES Goldman Sachs Tags a BUY rating with a $20PT from $11 (14.68)
Stock gapping up +$1 I like to play this today so I will need this to do its quick pop at open to $16+ then I will wait for the gap fill fade to $14.80 or under on Profit Taking then watch for bottom curl then scale in LONG, higher it pops better the short of profit taking, if this pulls nice at open to same area then I will go for it LONG should be fun today
4) $VSAR Piper Names this “Top Pick for 2017” with a $22PT (15.10)
Stock gapping none, I like to see quick pop at open to $15.50-$15.90 area followed by a decent pullback on it then look for this to have a nice all day slow run to $16.50 or more.
5) $ATI BofA Tags a sell rating on this with a $16PT from $20 (16.70)
Stock gapping down .50 would take a few here SHORT at $16.40 area with room to add think this has an all day bleeder back down to $15 or lower on this call today.
6) $CSX This was a nice overnight SHORT I told everyone to consider Today DB Tags a Neutral Rating with $42PT (45.51)
Stock gapping down -$1.12 I like to see this pop some at open back thru $45++ on it watch for topping then scale in SHORT for an all day fader on it. Back down to $42 or under. Think we sell this off an fill some of the gap on it today
7) $HLF misses and Lowers 2017 Guidance (53.14)
Stock gapping down -3.50 2 ways this short covers at open to $51+ at the open then we scale in SHORT for an all day bleeder on it, or this pulls hard at open and touches the $47-$48 level and we come in and go long and close it out at $49-$50 off the bottom
8) $BMY Neg and down on Opdivo being dropped News and Cowan d/g the stock to Market Perform with $65Pt from $85 (55.49)
Stock gapping down -$4 I like to this pull at open to $49 area if it comes this watch for a nice slow move to $51+ to close it out, or this pops at open on short covering to $53.50-$54+ area watch for topping then scale in SHORT for an all day bleeder on it
9) $SWKS Earnings were great followed with nice guidance (78.46)
Stock gapping up +$6 I like to see this pop a little more at open possibly to $86+ area on short squeeze then look for topping on it should gap fill on profit taking and fade it back to $80-$81 or under then look for this to bottom curl and go long, if this sells off at open to same area then look for bottom and go LONG on it.
10) ***$EFX Goldman Tags a SELL rating on this and lowers the PT from $120 to $100 (120.18)
Stock Gapping none, I like this call and perfect day to fade this, however think the stock will pull at open to $116 then pop back to $118+ that’s when I will scale in SHORT and look for an all day bleeder on it to $108 or lower. Can’t do anything with it now, MM’s are not even on it, but look for this to gap down a lot before it even opens on this call
$IBM They beat, BUT it was already built in (166.81) watch for any pop at open as a short opportunity to fade this back to $162-$163, if this pulls hard at open to same are as it did in pre-market look to play the bounce on it
$AXP Missed estimates (76.69) down -$1.50 2 ways…this pulls at open hard to $72-$73 then we play a nice 2pt bounce before re-shorting it, or this pops at open and short covers some and we look for a $75.90+ topping on it then we scale in SHORT and fade it