Pre Market Game Plan by AJ – 1/26/17
1) $FFHL announced the company has signed an annual sales contract with EEM (2.31)
Stock gapping up +.90 watch for a quick rip at open followed by a potential fader back to $2.40 or under. News is ok but doesn’t really imo warrant this gap so it could just pop and run and then fade
2) $FNCX Low Floater Twitter Pump could get going today on decent volume (2.35)
Stock gapping up +.65 This needs volume I believe 1mil float so watch for a pop at open followed by a decent gap fill pullback on volume then we see if we get that move were looking for.
3) $QSII Nice Earnings Positive (13.78)
Stock gapping up +$1.00 I like this to pop a little more at open followed by a decent gap fill pullback to $14 and under on profit taking then look for bottom curl and slow all day move back to $15+
4) ****$BANC FBR Tags a BUY rating raised PT from $18 to $22PT this morning (14.95)
Stock gapping up +$1.10 I like the call and the range, so I will wait for the pop at open to $16.25+ then eye the decent profit taking pullback to $15.10 or under then I will look to scale in with size and take it back up thru $16.50 Banks are in play this is perfect for us
5) $EBAY Strong Earnings (30.23)
Stock gapping up +2.10 Typically $EBAY sells off their gaps so any pop at open towards $33 I would consider scaling in SHORT for a nice gap fill pull back to $30.50 or under then consider going long. Wait for this to come to you before going long.
6) $MAT Earnings Miss (31.56)
Stock gapping down -$4 2 ways to play this. Look for this to pop at open on short covering to $30+ then watch for topping then scale in SHORT $MAT is a wall street favorite and the normally buy this up on earnings gap downs, if this pulls hard at open to $25 or under definitely go LONG on it.
7) $QCOM Guidance was a little light on their call (56.90)
Stock gapping down -$2 2 ways to play this, this sells off again at open to $53 or under like last time and we play the bounce back to $55 to close, or this pops at open short covers to $56.50-$57 then we fade it back for an all day bleeder
8) $LVS Earnings Miss and Guides lower (56.65)
Stock gapping down -$2 2 ways to play this. Stock pops at open and runs to $55.50+ on short covering then watch for topping then look for this to bleed out all day fader back to lows, or this pulls hard at open to $52 or under then watch for bottom curl close it out at $54 either way we get a play on this gap down
9) ***$NOW Earnings Positive + Their outlook (86.36)
Stock gapping up +$6 watch for this to pop at open even more to possibly $94+ then watch for topping to set in and look for profit taking pullback to $88 or under. If this sells off at open on Profit taking I think the lowest it will go to is $88 or slightly under before LONGS start coming and and bringing this back to $93-$94
10) $MCK Earnings Miss and Guides Lower (151.10)
Stock Gapping down -$10 2 ways to play this, This pulls hard at open to $135 or under then we play a nice 5-7pt short covering bounce on it, or this pops at open on short covering then look for a $146-$147 topping then scale in some short and fade this back down for all day bleeder
$AVGR Gapping up on 2 year clinical report and trial (2.30) Gapping up +.70 NOT A FAN of clinical book reports, Is this FDA approved..NO, is this making the company money TODAY…no! I think this is a pop and fade also I believe they need money so potential ATM after hours or by Friday
$BMY Earnings Miss Cancer drug sales light (49.55) Stock gapping down -$1 I like to see this bleed out all day today so any pop at open to $49.50 on gap fill I would look to fade this, if this pulls hard at open let it flush to $45-$46 watch for bottom curl then scale in LONG close it out to $48
$FFIV Gapping down on Soft Earnings (145.75) Gapping down -$7 I like to see this pop at open back thru $141-$142 then look for topping then fade it all day back to lows, or this pulls hard at open below $133-$134 then scale in LONG for a nice all day move to the upside to close out above $140+