Updates

A leader is built by the profits of his followers

Pre Market Game Plan by AJ – 1/6/17

1) $ETRM   1 heck of a short squeeze this morning from $4 to $7.62 (3.97)
Stock gapping up +$3 would like to see this settle down and sell off at open then will be watching bottom curl then potential run to $9-$10 if this gets going again. This move was insane sure many traders want an opportunity for a redo

2) $ABEO   Jefferies Tags a BUY rating with $11PT (5.60)
Stock gapping up +.15 would take some here at $5.85 with room to add on any pullback at open to $5.50 then take a few long look for a nice move to $6.25-$6.75+ on this

3) *GPRO   Leernik Tags a SELL rating with $7PT (9.35)
Stock gapping down -.25 would take some here SHORT at $9.10 add on pops at open watch for topping then let it fade out all day to $8.50 or lower just wait for it to top out, this may just pull and then fade right at the open so consider taking a few at the $9.10 level

4) $MNTA  enters research collaboration with CSL (15.50)
Stock gapping up +.90 I like to see quick small pop towards $16.75+ then look to fade this on profit taking to $15.70 or under watch for bottom curl then take a few LONG for an all day slow move to the upside. It hit over $17 yesterday on the unhalt think it may retrace

5) $STML   positive FDA meeting and agreement to potential pathway to approval on their drug (11.35)
Stock gapping up +$2 I would like to see a quick pop at open to $14.50-$15 if it comes then watch for topping the look for this to gap fill to $12 or under this isn’t FDA approval yet so I would be on the short side of this news but will wait for the initial pop first

6) **$NKTR  BTIG Tags a BUY rating with $22PT (13.20)  SWING IDEA
Stock gapping up +.12 would grab any of this at $13.40 or under at the open then look for a nice all day fader to $14.50-$15 on this upgrade call

7) $GIII  Retail Horrible Miss think this gets hurt more (28.65)
Stock gapping down -$2.30  2 ways to play this here, look for a big pull at open to $25 or under then bottom bounce it to $26.50+ if this pops at open to $27 at all on short covering I would watch for topping then scale in SHORT for an all day fader on it.

8) $IONS  signs collaboration agreement with NVS (47.09)
Stock gapping up +$2.50 I like to see this pop a little then look to fade this back to $47.50 or under on profit taking so keep an eye on this to pop and top off then fade. Possible more upgrades later today

9) $TEVA   Guides Lower (37.96)
Stock gapping down -$1 any pop at open I would consider shorting these numbers, they were not good, so look for today as a short opportunity to take it down to $34-$35 today

10) $AMGN  Cholesterol drug Patent Ruling (152.98)  Cramer just pumped it on CNBC
Stock Gapping up +$8 I like to see this pop a little more at open to $162-$164 area then look for some profit taking to kick in and gap fill it back to $155 or under then watch for bottom curl if it comes and then go long if this sells off at open look for that $155 area

Notable Calls:

$GPS    December sale increase (23.25)
Stock gapping up +$1.40 I like to see quick pop at open to $25 if it comes again then look to fade this and gap fil it back to $23.50 or under on profit taking, normally news like this typically sells off

$NBIX  Provides update on drug to FDA (41.38)
Stock Gapping up +$2 I would consider scaling in SHORT this gap up and add on any pop outta of the gate to $44.50-$45 on it then look for an all day fader back on it to $41.60 or under

$OGXI  will acquire Achieve Life Science (.58)
Stock gapping .35 keep an eye on this hit over $1 after hours would take any at .80 cents and see if this pops thru $1 on volume one to watch, I think the pop will and could be short lived then potential sell off on it

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