Pre Market Game Plan by AJ – 2/6/17
1) $GALE Blah blah blah announce results from a meeting blah blah blah (1.20)
Stock gapping up stupid….100% If this pops again on short squeeze would highly consider scaling in SHORT and fading this back down to $1.35 and under. Unbelievable that this is up cause they held a meeting, lets see if it squeezes and give shorts in here a nice oppor.
2) ***$PGNX Needham Tags a Strong BUY with $14PT (9.49) DayTrade/Swing
Stock gapping up +.50 I love this call, now just need for it to set up for us all then we can go long on it watch for a nice pop out the of the gate through $10.25+ then wait for the gap fill pullback I would prefer $9.65 and lower then go LONG on it on a swing or daytrade back to $10.50+ possibly $11 today on it
3) ***$CYTK Needham Tags a Strong BUY with $22PT (11.25) DayTrade/Swing
Stock gapping up +1.65 WOW!!!! I love this call and Trade idea, with a 100% upside in Price Target, BUT before everyone gets excited wait for the pop at open followed by a nice gap fill pullback to $11.50 or under then scale in LONG for an nice all day slow move to $13+ on this call
4) *****$TRUE RBC Capital Tags a BUY rating with $17PT from $12 (13.23)
Stock gapping up +.50 I like this call alot and the PT has nice range for us today. Look for this to pop a little more at open possibly thru $14-$14.25 Then wait for a decent gap fill pullback on it back to $13.30 or under then scale in a few LONG for a nice all day slow move to $14.50+
5) $M Still gapping up on Friday’s News (32.69)
Stock gapping up +$.90 2 ways this pops at open back thru $34+ then look for a nice fader on it back to $32.75 or under, if this pulls at open to the full gap fill at $32.70 or under watch for bottom curl then scale in LONG for a nice slow move to the upside on it
6) $NWL Earnings Miss (46.89)
Stock gapping down -$1.79 2 ways to play this, this pulls hard at open to $44 area then look to scale in a few LONG and play a nice 1-1.5pt short covering on it. If this pops at all at open on short covering to $46.25+ scale in SHORT on it for a nice all day fader for points
7) $TSN Profit jums 28% Nice Earnings (65.39)
Stock gapping down -$1.39 would go LONG anything at $64.25 and under think this runs back to $66+ at the open or higher. If this pops huge at open towards $68-$70 cash out your long and may just re fade back down to Pre-Market lows. Seems CCall is almost over which cause a nice sell off to $64 in Pre-Market
8) $HAS Earnings Positive Strong Quarter Nice guidance (82.63)
Stock gapping up +$11 Love the stock but up way to much, I actually would scale in SHORT here at $94.25 with room to $95-$96+ at open watch for topping think this fades and gap fills to $85-$86 or under so watch how it plays out.
9) $BLUE Roth Tags a Neutral on this stock and Tags a $72PT (78.65) Short idea with Range
Stock gapping down -$3.65 a share, 2 ways this pulls hard at open to $74 area or under then go long on short covering back up 2-3pts then look to re-short it, if this pops at open chase a few back to $77+ at open watch for topping then scale in SHORT, I like this to pop at open imo to $77+ its down way to much on this downgrade
10) $TIF Ceo steps down (80.47)
Stock Gapping down -$2 I like to see this just pop at open and grind back to $80+ at open, reading notes this morning seems this CEO stepping down is a good thing for the company think it just rebounds, However if this pulls at open to $75 and under go LONG a few and look for a nice 2-3point rebound on it.
$ESPR Gapping up this morning, I like to see this continue stock has range in Pre-Market hit $17 a share (16.44) Look for a nice pop outta of the gate back to $17 then watch for a pullback to $16.50 or lower wait for bottom curl then grab a few LONG for another leg up possibly to $18+ today, just wait for this to set up
$DRYS Remember Earnings this week. would consider making taking a few LONG into them below $4.25 and on dips, $DRYS may just surprise a lot of people tomorrow, could catch a ton of shorts off guard. Risky Trade…imo BUT can pay nice if on the right side of it
$PULM Gaping up +.45 One to watch this morning keep an eye on it, could get ramping up again after Fridays pullback (3.86) watch for any bip pop outta of the gate followed by a nice gap fill pullback to $3.90 or under then scale in a few long see if we get going again