Pre Market Game Plan by AJ – 2/2/17
1) $ETRM another day in it with volatility (8.38)
Stock gapping up +$1.10 prefer for this to come down to $8.10 area or under pick up a few add on dips think this can ramp back up today to $10+ so watch for the push at open. Pullback, bottom curl then go LONG
2) $STML Negative Comments article from Adam F on twitter (9.75)
Stock gapping down -$3.50 2 ways to play this this pulls at open to $5.50 below $6 then look for shorts to come in and cover possible push to $7.50-$8 if this pops at open on short covering thru $8+ watch for topping then look to re-short it back to lows
3) ******$JWN Goldman Tags a SELL rating an lowers the boom to $35PT from $47 (43.82) SHORT
Stock gapping down -.82 I love this call take any you can at $43 area add on pops if they come at open and look for an all day sell off an bleeder on this to $40 and under, I think this gets hurt today on $RL numbers and warning.
4) *******$ACIA Morgan Stanley Tags a Overweight Rating and Tags a $80PT (54.98)
Stock gapping up +$3 I love the call but need the gap to fill first so watch for quick pop at open scale in SHORT flush it back to $55.25 or under then look to scale in LONG for an all day slow move to the upside. More this pops at tops at $58-$59 SHORT the gap fill, IF it pulls at open to $55.25 area then look to go long on it
5) $XGTI Look for Chatroom and Twitter Pumps to bring volume into this one today (2.11)
Stock gapping up +.50 2 ways to play this, This rushes outta of the gat thru $3+ then watch for a nice pullback profit taking on it to $2.20 or under then look to scale in LONG and play it. If this flushes at open to same area then look to go LONG on it.
6) $QRVO Earnings miss and Guidance (64.55)
Stock gapping down -$4 2 ways to play this this pops at open to $62-$63 area then we scale in SHORT and fade it all day back to lows, or this pulls at open hard to $58-$59 area and we play a nice 2-4point bounce on short covering
7) $MLNX Miss on Earnings Lowers Guidance (46.80)
Stock gapping down -$6.50 watch for a pop at open on Short covering to $44.50 or just under then look to fade it all day, or this pulls hard at open to $40 and under then scale in LONG and play a nice 2-4point bounce on it
8) $SFLY Crushed on Horrible Guidance (51.77)
Stock gapping down -$9 2 ways take a few here LONG at $42 possible bounce at open to $45+ then watch the sell off. Or this pull hard at open to $40 area or under then go LONG and play a nice 3-4point bounce on it. Either way it should be fun
9) $CRUS got Crushed on Horrible Guidance (63.96)
Stock gapping down -$7 2 ways this pops at open on Short covering to $59-$60 then scale in SHORT for all day fader on it, or this pull hard at open to $55 or under and we scale in LONG and play a nice 2-3point bounce on it into close
10) *******$RL Ceo Departs and Warns (87.37)
Stock Gapping down -$10 I would pick up ANY $RL below $78.50-$80 and bounce it to $84. So watch for any pullback at open to me as a buying opportunity. More it pulls better the bounce for us. If this pops at open push it to $85+ then scale in SHORT and fade it
$FB Nice Earnings (133.25) Gapping up +$2 think this sells off today so watch for any pop at open to $136 area and look to scale in SHORT, if this pulls at open to $133 or under watch for bottom curl then scale in LONG on it.
$M Possible Buyout Take over speculation (29.21) Yeah??? WHO???? Target….lol Think this gap up to $30.80 just gets sold off and the stock gets back down to $29.50 or under.
$X BofA tags a BUY rating BUT “maintains” a $40PT (31.33) If this pulls at open to $31.50 or under would grab a few on it LONG think once bottom sets in at open stock could ramp back to $34 on it today