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Pre Market Game Plan by AJ – 2/1/17

1) $DRYS  Another volatile Day on the stock will report earnings on the 7th of Feb “I think that is positive for the stock” (5.05)
Stock gapping up +$1.15 I like to see this get to $7-$7.50 today so I will be eyeing a nice pullback at open like to flush this to $5.25 or under watch the bottom curl then scale in LONG if this pops at open let it push to $6.50+ then watch for the aggressive sell off pull

2) $BOOT  Earnings Miss and Guidance (10.85)
Stock gapping down -$1.05 on no volume  2 ways this pulls at open to $9.25 or under then play a nice .75-$1 gap fill then re-short it, or this pops at open to $10.25-$10.40 then scale in SHORT for an all day fader on it

3) $CCJ    TEPC issues an order to terminate Uranium Contract (12.75)
Stock gapping down -$1.50  2 ways to play this, Go long at open on short covering to $12.10+ on short covering then look to short this on an all day fader back to lows, or this pulls at open to $10.50 or under then play a nice .75-$1 bounce on it

4) $UA   Citi Tags a BUY rating on this stock with $25PT (19.22)
Stock gapping up +.35 would take a few here LONG at $19.30 area and add on dips at open look for a nice play on this to $20.75-$21.25 to the upside. I like the call to buy on weakness think this one rebounds today after yesterdays massive sell off

5) $ACXM  Earnings Beat and Guidance (26.10)
Stock gapping up +$1.80 On no volume   2 ways to play this, this pops at open thru $30-$30.50+ area look to scale in SHORT and gap fill this back to $26.50 or under then go LONG or this pulls right at open to same area and we scale in LONG on it for all day move to the upside

6) $X  Earnings Beat and Guidance (32.71)
Stock gapping up +$1.30  2 ways this pops at open to $35+ Level and we scale in SHORT and fade it back on gap fill to $33 and under then go LONG or this pulls right at open to same area and we look to scale in LONG for an all day slow move to the upside Let it set up for you

7)  $TWLO   JPM Securities Tags a Outperform Rating with $35PT (28.83)
Stock gapping up +$1.20 I like the call and the morning range look for this to pop and sell off and gap fill back to $29 and under wait for the bottom curl then all day slow move to the upside to $31 on it. If this pops at open to same area at $31 look to short it and gap fill it. TWLO always fills a analyst gap before legging up

8) $CRUS  Gapping up nicely on $AAPL Earnings (60.32)
Stock gapping up +$2.35 I like to see this pop a little more on short squeeze would consider taking SHORT here at $62.50 add on pops at open look to gap fill this back to $60.70 and under then look for bottom curl then go LONG more it pops at open better for us on the gap fill short, IF this pulls hard at open let it flush to $60.70 or under then go LONG

9) $MBLY  Morgan Stanley Tags a downgrade on this Lowers it from $48 to $44PT (42.96)
Stock gapping down -$1 2 ways to play this watch for quick pop at open to $42.50+ then scale in SHORT for an all day bleeder on it to $41 and under, or this pulls hard at open to $40.75-$41 area then play a nice 1 point bounce on it.

10) $AAPL   Earnings Beat and Guidance (121.35)
Stock Gapping up +$6 I would consider taking some SHORT here at $127.50 add on pops to $129 and look for some nice profit taking pullback on it to $123-$124 and under then scale in LONG  $AAPL is a lot like $FB and $BABA gaps up with volume but sells off on profit taking its gaps  so watch for the short imo

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Notable Calls:

$XOMA established proof of concept in a product (4.29) Gapping up .50 I like to see a quick pop thru $5+ on this news followed by a nice SHORT and pullback to $4.35 and under (I think this sells off on the news) More it pops better then SHORT for all you short sellers

$EA  Mixed Results on Earnings one to watch to the downside (83.43) would consider taking a few short at $82.80 add on pops look for a possible pull to $79-$80 at the open then play a nice 2-3pt bounce on it. If this pops at open look to scale in SHORT on the pop to $83.50+

$SRAX  Rodman Renshaw BUY rating with $9 PT (2.86) If you can pick up any of this at $3.05 or lower at the open add on dips I think we get a nice swing to $3.75-$4.25 on this call.

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