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Pre Market Game Plan by AJ – 1/9/17

1) $ETRM   S-1 Filing having no effect stock volatile another day in it for us. (9.19)
Stock gapping up +$1 I like this to pop at open aggressive 1-2pts It hit $11+ this morning, then wait for a nice profit taking pullback to $9.25 or lower if it comes watch for bottom curl then scale in LONG on it. This one you have to feel it out before going in with size the pulls are tough and will take out weak hands. So this is one that needs our attention and eyes on it before sizing in

2) $MACK  sell-off its Cancer drug and slash workforce (3.60)
Stock gapping up +$1.15 I actually think this is negative news especially with then reducing work force, I would look for any large pop at open as a short opportunity back to $3.90 or lower on an all day fader, more it potentially pops better the fade for us

3) $KERX  Reviews Corporate Strategy & Biz Progress (6.06)
Stock gapping up +.45 I like this PR so watch for a quick pop on it followed by a nice topping and potential slow fader back to $6.15 or lower, if this sells off at open quickly to that area would look to grab a few and watch for an all day slow move back to highs

4) ***$WRD  BoA Tags a BUY rating with $23PT (14.25) Thin stock but has room on this call  SWING IDEA
Stock gapping up +.25 would try and grab a few here at $14.50 with room to add on any pullback look for an all day slow move to the upside with room to $16+ on this call

5) ***$TIG  BofA Tags a BUY rating with $19PT and Canaccord also with a $22PT (14.70) Thin stock but has room  SWING IDEA
Stock gapping up +.35 I like this call would try and grab anything bwlow $14.90 at the open if it comes, once the curl kicks in this will be an all day slow mover to $16+

6) *JD  JPM Tags a BUY rating and ups the PT from $32 to $39 (26.27)
Stock gapping up +.55 would take a few at $26.80 area room to add on any pullback at open this upgrade should get the stock to $28+ on this call today so watch for a potential upside move, BABA caught a nice move on Thur and Friday this should have some fun as well

7)  FIVE guides Lower (39.72)
Stock gapping down -$2.30  2 ways to play this here, look for some short covering at the open possibly to $38.50-$39 then watch for topping then look to scale in SHORT for an all day fader on this, if this sells off at open to $35 or under then look to scale in LONG for a move up +$1-$1.50

8) $BABY  guides Lower (35.75)
Stock gapping down -$2.30  2 ways this pops at open on Short covering to $34.50-$35 then watch for topping on it then look to short it all the way back to lows, if this pulls hard at open to $31 or under look for bottom to kick in then slow move to $33+ close

9) ***$EGRX  Downgrade at Mizuho Tags a $64PT from $78 (75.17)
Stock gapping down -$1.75 I like this call and think this will sell off today to $70 or under, so if you like take a few at $74 short if you grab some add on any pop at open if it comes then look for it to top off then all day fader on it

10) $INCY  and MRK collaborate on a clinical program (108.30)
Stock Gapping up +$8 I like to see this pop a little more at open to $118-$120 if it comes, watch for topping on it real early and look to gap fill this back to $110 or under on profit taking, I really like this as a SHORT so I will be eyeing the topping on it.

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Notable Calls:

$DVA  Justice Dept Provbing Premium assistance for Dialysis Patients (65.79) Stock gapping down -$3 I like to see this pull more at open to $61 or under then go long on it for 1-2pts , if this pops at open back to $64.50-$65 watch for topping on it then look to short it

$EXAS  Gapping up on positive Earnings (15.10) Stock gapping up +$2.50 watch for a nice pop then look for a topping on it to $18+ then look to fade it back to $16 or under, more it pops better the fade on it.

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