Pre Market Game Plan by AJ – 2/8/17
1) $DFFN up HUGE on an article published on Phase 1/2 (4.38)
Stock gapping up STUPID!!! +$1.75 This is stupid BUT sheep are desperate for plays since most don’t trade what we do, so with that said 2 ways to play this, this pops at open to $6.50-$7 then lower lows set in an all day fader on it, or this pops, pulls and gap fills to $5 or less and then we get a bottom curl and go long on it with volume
2) $APOP Treated the first blood cancer patient in recently Phase I/II trial stem cell (4.17)
Stock gapping up +$1.60 Crazy stuff this morning, Has the key word in it “Cancer” 2 ways this pops more at open to $6-$6.50 then lower lows set in and all day bleeder or this pops, pulls and gap fills to $4.50 or under bottom curl with volume we go LONG and all day upside move on it.
3) $MYGN Blowout Earnings and guidance (15.40)
Stock gapping up +$2.25 I like to see a quick pop at open to $18-$19 then look for a gap fill fade to $16 and under then look to scale in LONG for a nice all day slow move to the upside, if this pops small and pulls hard at open to same area around $16 then we want to watch for bottom curl then slow move to the upside, This should get quite a few upgrades today so keep an eye on $25-$30PT
4) $TWTR BTIG upgrades this to $25PT (18.26)
Stock gapping up +.50 think this pops at open to $19+ then slow fader on gap fill to $18.40 or under then go long, if this pulls at open to same area on profit taking then will be a perfect set up to go LONG all day on it back thru $19-$19.50++
5) $ORBK Disappointing Earnings and Guidance (34.73)
Stock gapping down -$3.25 2 ways to play this, This pulls hard at open to $30 and under then play a nice 1-2 point bounce on it, or this pops at open to $33.5-$34+ on short covering then we have a nice all day fader on it.
6) $CTSH Earnings Beat and guides up (53.79)
Stock gapping up +$4 2 ways to play this, this pops at open to $58.50-$59 then look for a nice gap fill pullback to $54 and under then go LONG on it, or this pulls hard at open on profit taking to same area and we go LONG on bottom curl all day move back to highs
7) ********$USNA Guides lower Disappointed Earnings (62.65)
Stock gapping down -$12 WOW I like to see this go LONG at $50 and play a nice short covering bounce to for 4-5pts at the open or more then fade all day after it tops out. Or this pulls more at open to $45-$47 area and we go long and play a nice 4-6point bounce on it
8) $MCHP Guides Higher and Beats on Earnings (69.62) Seeing PT to $100+ on this
Stock gapping up +$7 2 ways to play this, this pops more at open to $78-$79 then we get a 3-4point pullback on it then we go long on the curl or this pulls at open on profit taking to $73 and under then we will watch for bottom curl then go long on it. Just wait for it to set up if this pulls at open
9) $TWLO Earnings Beat and Guides (30.96)
Stock gapping up +$1.70 this should pop a little more at open to $32.50-$33 then watch for gap fill pullback on it to $31.25 and under then we scale in LONG on it, if this pulls at open to same area we go LONG on bottom curl
10) $GILD Earnings Disaster and Guides Lower (73.13)
Stock Gapping down -$8 2 ways to play this, this pops at open to $70+ and then we scale in SHORT for an all day fader on it, or this pulls hard at open to $64-$65 and we play a nice 3-4point bounce on it.
$BWLD Disappointing Earnings and Guides lower (149.80) down -$6.80 2 ways this sells off at open to $140 area then we go LONG and play the 4-5 point bounce, or this pops at open to $146-$147 and all day fader on it.
$******COHR Earnings beat (161.34) Thin stock I want to short this at $184 area to $187 and look for a nice 10 point play on it on gap fill if this begins to pull hard at open chase a few and catch 4-6pts on gap fill, if this pops at open Higher it goes better the short! I want this!!!