Pre Market Game Plan by AJ – 2/10/17
1) ******$OCUL Cantor Tags a BUY rating with $35PT….That’s right $35PT (7.18) You wanted a SWING you have one now!!!
Stock gapping up +.50 no harm grabbing some at $7.60 and to add on dips as they come, this is a BUY and hold I don’t care if this dips below $7 today, something is up with this call This is a pure swing idea for me. So I will be adding I started at $7.50 last night myself.
2) $SHLD Gaping up on 1billion restructuring Idea (5.54)
Stock gapping up +$2.90 I personally think this pops, tops and fades back to lows, It may take a day or 2 but imo I believe this is a short term band aid on a company that is a dinosaur and its just a matter of time before they go away. Too much debt imo, so watch for any pop and topping on this, if lower lows begin to set in at the open then just look to fade this.
3) $INFN Earnings good and guidance (9.40)
Stock gapping up +$1.60 I like to see a quick pop at open to $11.50+ then look for some topping on it then look for profit taking to kick in and shot this back to $10 an under, a lot of bagholders on this one will want to cash out, if this pulls at open to same area look to lock and load long on this back to highs
4) $FOSL Mizhuo downgrades stock to $19PT (23.31) I have 1500 shares sitting on the ask at $22.98 NO fill last hour so far
Stock gapping down -.80 I like to fade this all day to $20 an under so I will be waiting for any short covering pop at open to look to scale in SHORT if this pulls at open to $20 and under I will go LONG play the short covering to $23+ then scale in SHORT for all day hold
5) $SKX Earnings Beat finally turning around the company (23.28)
Stock gapping up +$2.80 2 ways this pops more at open to $27+ then look to scale in SHORT on a gap fill back to $24 and under then go LONG on bottom curl or this pulls at open on profit taking to same area then scale in LONG for all day slow move to the upside.
6) $YELP Earnings Miss/Guidance (41.49)
Stock gapping down -$5.50 2 to play this, this short covers and pops at open to $38-$39 watch for topping then scale in SHORT for all day bleeder on it, or this pulls at open to $35 area or under then we long and play 1-3points to the upside on it
7) $ATVI Earnings Blow-Out (39.73)
Stock gapping up +$5.25 2 ways to play this, this pops more at open to $45.50-$46 tops off and we gap fill it short back to $42 and under, or this pulls at open and we get a sell off to $42 and under on profit taking then scale in LONG back to highs
8) $CYBR Earnings Miss/Guidance (55.33)
Stock gapping down -$3 2 ways to play this, this pulls at open to $50 and under and we play a nice 2 point bounce on it on short covering, or this pops at open on short covering to $54+ and we scale in SHORT for an all day bleeder on it.
9) $SGEN Gaping down on Earnings (62.81)
Stock gapping down -$3 2 ways to play this, we pull at open hard to $57 and under then go long on bottom curl and slow move to $59+ to close out, or this pops at open to $61.50-$62 area tops off and we get a nice all day slow bleed back to lows of $56-$57 or more
10) $UBNT Earnings Miss/guidance (64.13)
Stock Gapping down -$7 I like to see some short covering squeeze at open to $61-$62 then look for an all day fader on it, or this pulls hard at open back to pre-market lows to $55 and under and we nail it LONG on short covering for 2-3pts to the upside
$TEVA Downgrade and Mizhuo to $27PT (32.25) Gapping down -.30 Took a few myself in Pre will add on any pops think this pops and has a slow fader all day to $31 and under. Should be fun
$TWTR Multiple downgrades this morning 4+ Analyst from $10-$15PT Citi being the best at $11 (16.41) Gapping down -.41 would take some SHORT at $16.10 add on any pops at the open and look to fade this all day long to $15 and under today. ENJOY!