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A leader is built by the profits of his followers

Pre Market Game Plan by AJ – 2/22/17

1)  $TGTX   Aegis tags a BUY rating with a $26PT (4.70) SWING
Stock gapping up +.30 would pick a few at $5.00 add on dips look for a nice all day slow move to $6-$6.50 nice swing idea to hold for a few days to $8+ on this call.

2) $ARGS   #FAIL  another Cancer vaccine bites the dust (4.40)
Stock gapping down -75% if not already picked up some at $1.10 LONG think this could short cover to $2 at the open before it fades again, so watch for a quick short squeeze at open thru $2+ if this pulls below $1 at the open would take a few and walk it up to $1.50-$1.75

3) $MBOT  announce significant patent allowance (5.13)
Stock gapping up +$1 I think this push is short lived, so watch for a quick pop at open to possibly $7-$7.75+ at the open then watch for topping on it if lower lows set in scale in SHORT for an all day fader on it back to $5.35 or lower. If this pulls hard at open then play the bottom curl on it.

4) $TXRH  Earnings Miss (47.79)
Stock gapping down -$5 2 ways to play this, this pops at open on short covering to $44 scale in a few SHORT look for an all day slow bleeder on it back to lows, if this pulls hard at open to $41.50 area look to scale in a few LONG with room to $40 play the 2-3pt bounce on it.

5) $CRTO  Earnings Miss (45.95)
Stock gapping down -$3  2 ways to play this, this pulls hard at open to $40.50 area or under play bottom curl LONG for 1-2 pts, if this pops at open to $43.50-$44 on short covering scale in SHORT for an all day fader on it.

6) $GRMN   Earnings Beat (50.45)
Stock gapping up +$5 I think this is a little overdone I like to see a small pop at open thur $56 then look for topping on it then scale in a few short for a nice 1-3pt pull on it on profit taking, if this pulls hard at open to $52-$53 on profit taking look to take a few LONG for an all day slow move back to highs

7)  $XPO  Earnings Beat (48.38)
Stock gapping up +4 I like to see this hit $52.75-$53.50+ at open then scale in a few SHORT look for a nice gap fill to $50 and under, I think this is a little over done so I will be watching the pullback on profit taking on it. If this pulls at open to $50 and under and fills a lot of the gap I would take a few LONG on it for an all day slow move back to highs

8) $TLLP  Earnings Miss (59.30)
Stock gapping down -$3  2 ways to play this, this pops at open on short covering to $58+ then look to scale in SHORT for an all day fader on it, if this pulls at open to $54-$55 watch for shorts to come in and cover and squeeze it up 3-4pts

9) $RRGB  Earnings Beat (47.50)
Stock gapping up +$4  2 ways to play this, pop at open to $52.50-$53.50 then look to scale in SHORT gap fill it back to $49 and under then watch for bottom curl then scale in LONG on it, if this pulls hard at open to same area then take a few long for a nice all day slow move to the upside

10) $PZZA  Earnings Miss (85.63)
Stock Gapping down -$4 2 ways to play this one, look for a gap short covering at open to $83+ area then scale in a few short with an all day fader on it, if this pulls hard at open to $79-$80 and under scale in LONG on it should give a nice 1-3pt play to the upside  Investors like to scoop up this company on weakness

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Notable Calls:

$NVDQ  Cigna now covers Dermacell (6.76) Gapping up $1.50 would consider this a pop and pull short idea back to $7 and under. Think this is overdone and Piper agrees and states stock is worth only $7 on this news. So if this goes crazy at open, let it watch for lower lows to set in and nail the short on it.

$MBLY  Mixed Earnings Results (46.12) gapping up +1.50  2 ways this pops at open to $49 area then scale in SHORT and gap fill it back to $46 and under on it then consider a few long, if this pulls hard at open again to $45 and under take a few long and play it up for 1-2pts

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