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Pre Market Game Plan by AJ – 2/7/17

1) ***$ATHX   Needham Tags a BUY rating on this stock with a $7PT (1.16)  
Stock gapping up +.20  I took a few at $1.27 will add on dips doesn’t seem to be much risk down here maybe .10-15 cent risk for a potential move to $1.50-$2 on this call. Its not often Needham Tags a small gap like this, so why not take a few imo

2) $RGSE  Going Crazy today and after hours news it closed it $11.5M offering (2.45)
Stock gapping up +$1.50 Watch for the standard pop then I would wait for the gap fill profit taking pullback on it to $2.60 and under watch for bottom curl then consider scaling in LONG for another possible play in it.  Should be fun and one to watch with this HUGE gap up with volume.

3) $AKAO  Stifel Tags a $27PT and BUY rating this morning on this stock (17.46)
Stock gapping up +.60 Stock should be in play and have range today on this call,  would wait for a small pop at open to $18.50+ then wait for a nice pullback on it to $17.65 or under then scale in a few LONG for an all day slow move to the upside possibly thru $19+

4) $SCOR  Getting hit hard today on upcoming delinting to OTC (23.22)
Stock gapping down -$2 2 ways to play this, this pulls hard at open to $20 and below and we play a nice short covering pop to $21+ on it or this pops at open on short covering to $22.50-.75 area and we scale in SHORT on a nice all day fader on it.

5) $KORS  Earnings Disappointment (41.28)
Stock gapping down -$5  2 ways to play this, this pops at open on short covering to $38-$39 area then all day fader on it, or this pulls even harder at open to $34 and under and we play a nice 2-3point bounce on it. Definitely one to watch with range

6) $FN  Earnings Beat (42.10)
Stock gapping up +$2 I like to see this pop at open to $44-$44.50 then look for some profit taking to kick in and fade it back on gap fill to $42.60 or under then look for bottom curl then slow move all day to the upside back to $44+ If this gap fills and pulls at open then go LONG

7)  $MNK   Positive Earnings (50.68)
Stock gapping up +.30  I like to see this pop at open to $52+ then eye a nice gap fill pullback on it to $$50.50 or under watch for bottom curl on it then go LONG more it pops better the short for us, if this pulls hard bottom will set in quick and we nail the bounce

8) $EMR  Nice Earnings (59.86)
Stock gapping up +$3 I like to see this pop a little more at open to $63+ area then eye a nice gap fill pullback on profit taking to $60.35 and under then look to go LONG on it, if this pulls at open to same area then look for a nice all day slow move to the upside

9) $TEN  Earnings Positive (68.21)
Stock gapping up +$1 watch for a nice pop at little possible run to $70-$71 then pullback on gap fill to $68.50 or under on proit taking then go long, if this pulls to same area at open watch for bottom curl then go long

10) $WDAY  Signs a deal to work with AMZN (85.37)
Stock Gapping up +$4 I would scale in SHORT here at $89 with room to add at open to $90+ look for a nice gap fill pullback on profit taking to $86 or under then go long, if this pulls at open to same area watch for bottom curl then go long

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Notable Calls:

$FXCM   Forced to shutdown and sell US Operations to gain Capital (6.85) down over -50%  2 ways this pulls hard at open to $2 area and play a nice 1 point bounce on it, or this pops at open thru $4+ on short covering squeeze then fades all day on it back to lows

$DRYS  Remember Earnings tonight if this falls below $5.40 or under on any decent pullback would still consider playing this into close and see if they get going thru $6.50 possibly $7 touch Traders were loading up all day yesterday from $4.25 see if it continues

$AVXL  Noble Tags a BUY rating at $16PT (5.10) Gapping up +.40  will be eying this to go LONG possible move to $7 on this call. add on dips to $5.15

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