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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

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Notable Calls:

$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

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