Pre Market Game Plan by AJ – 2/27/17
1) $CEMP Roth (I hate Roth) giving Cemp a boost in PT from $2.50 to $8 (4.05)
Stock gapping up +.35 keep an eye on this watch for any pop at open stock may have a nice run in it today slow move thru $5 possibly. It was held up all day Friday but with this gap any quick pull imo will be bought up and slow move upside.
2) $BCRX Earnings mixed (5.49)
Stock gapping down -$1.25 I would actually pick up a few here at $4 area and play into the conference call I think this gets to $4.50 at the open imo, I think this pullback is a little overdone so watch for a decent bounce on it.
3) $STML HC Wainwright Tags a BUY rating with $34PT (6.85) SWING IDEA
Stock gapping up +.30 would take a few here at $7.15 with room to add on pullback to $6.75 or under carry a nice average think this call can get the stock to $9.50-$10 in a few days possibly to $8 today. Stock has range so one to watch on this PT call
4) **$CLRB Positive Phase 1 clinical study (2.14) I think the news is a bunch of noise but with lack of plays out their Chatrooms may push this, this morning then you shorties in here will have fun taking it back down to $2.20
Stock gapping up +$.50 Keep an eye on this, stock may push outta of the gate to $3+ then look for some topping on it, if lower lows set in this should just fade back, higher it pops better the fade
5) $GOGO Earnings Beat and Guides up (9.12)
Stock gapping up +1.12 Nice beat, look for this to pop at open possibly to $10.50-$11 then watch for decent profit taking sell off to $9.60 and under then bottom curl then slow all day move to the upside, if this pulls hard on profit taking at the open to same area then scale in LONG on it for a nice all day move to the upside
6) $PTEN BofA adds this to US 1 List increases PT to $36 on a BUY Rating (26.69)
Stock gapping up +.40 would take a few here LONG at $27.06 area add on dips at the open then look for a nice slow move to $28+ on this call, if this pulls hard at open don’t panic should bounce nicely to the upside. I like the call and the US1 list BofA is putting on it
7) $LJPC PHASE 3 Positive Results (19.87)
Stock gapping up +$8 this is Phase 3 so watch for a quick pop on short squeeze at the open imo to possibly $30 on it could move very fast and squeeze shorts hurt them if it does watch for topping on it then look for a possible slow fader back to $25 and under, if this pulls hard at open let it flush quick to $23-$25 are use wide range on it then look for an all day slow move to the upside.
8) $AAOI Keep an eye on this, gaping up this morning may give us a run to $50 today (45.98)
Stock gapping up +$1 this morning, if this pops at open wait for the pullback bottom curl then scale in a few LONG for a nice slow all day move to the upside. Keep in mind their is still a gap to fill so IF lower lows set in quick after initial pop stock may just slow fade to $44 and under.
9) $SSTK Earnings Miss (51.63)
Stock gapping down -$6 2 ways this pops at open to $48-49 on short covering then look for a topping on it and all day fader, if this pulls at open to $44 and under play a nice 2-3point bounce on it.
10) $TSLA Tags a Sell Rating from Neutral BUT noticed d/g from $190 to $185 kind of stupid really since it was $260 for awhile
Stock Gapping down -$17 I actually would take a few here at $248 with room to $245 at open and look for a potential 5-7point short covering bounce, ANY huge pull at open this should bounce significant. so watch for it, if it pops at open chase a few to $256+ area
$URBN MKMP (Boutique firm) Tags a SELL rating with $20PT from $25 (26.88) stock gaping down -.78 any pop at open to $26.50 IMO would be a nice scale in SHORT on it, so keep an eye on it for a nice fader, higher it pops better the entry, if this pulls hard at open to $25 and under take a few long and play a nice .50-$1pt bounce on it
$******HRTX Needham Tags a BUY rating with $28PT (13.90) I like the call expect this to touch $15-$16 on this, look for quick pop at open to $15 possible then nice pullback gap fill to $14.25 and under then scale in long for an all day slow move to the upside, if this pulls at open to same are or even touches $14 grab some and expect a nice move to the upside