Pre Market Game Plan by AJ – 3/14/17
1) $AUPH setting up to do their ATM (10.54) Told you all to scale in SHORT into close at $10.50 look for $7.50 next day
Stock gapping down -$3….. Bounce this at $7.50 to $8-$8.50 if it pulls again at open next spot would be $7 then bounce it again.
2) $DRWI Signs NEW Master Sales Agreement with Ingram Micro (1.15) FORMER runner
Stock gapping up +.70 I like this news, BUT we need volume on a pullback so watch for a quick pop at open to $2-$2.40+ then look for a nice gap fill sell off, if it pulls hard and fast and gap fills to $1.40 or under look to go long on it. This kind of news will run the stock but I can’t get behind yet without the volume so wait for it.
3) $ETRM Company will be featured this week The Doctors (6.05)
Stock gapping up +$1.20 I like to see this pop a little more at open possibly thru $8+ then scale in SHORT and look for an all day fader back to $6.25 and lower, if this pops small and lower lows set in then look to fade it back to $6.25
4) ****$OPK Guggenheim Tags a $25PT (7.92) SWING IDEA
Stock gapping up +.20 this should pop at open to $8.50+ then look for this to gap fill fade back to $8 and under when it does scale in LONG for a nice 2-3 days swing think with this call we see $10-$11 on this stock by Friday. I like the call and the range just wait for this to set up then nail it
5) $VRX Ackeman took his 5Billion hit and exited selling 27mil shares at $11.10 (12.11)
Stock gapping down -$1.25 2 ways this pops at open thru $11.50-$12 then look for this to fade off for all day to new lows. Or this pulls hard at open if this hits $10.25 and hits single digits go LONG and play a nice +$1point bounce
6) *$ARRS Goldman Tags a BUY rating with $32PT (24.98)
Stock gapping up +$2.20 I would scale in SHORT here at $26.15 with room to add at open then look for a 1/2 days slow sell off fader on it till it fills the gap to $25.25 and under then look to go long on the curl, this is up way to much on this upgrade call, so take advantage of the gap up and nail the downside before going long on it
7) $DSW Earnings Beat (19.83)
Stock gapping up +$1.07 I like to see this squeeze a little at open to $21.25-$21.50 then look for a nice gap fill profit taking pullback to $20 and under then scale in LONG on it for an all day slow move to the upside. If this pulls at open to same area play the 1-1.5pt bounce
8) ***$GDOT SunTrust ups PT from $28 to $40PT (30.16) WOWZA
Stock gapping up +1.30 I like the call, I like the gap up and I like the range with MGI being sold today I like this to make a move to $32-$32.50+ a share. So watch for pop and pull back to $30.50 and under then scale in LONG on that for a nice all day move to the upside
9) $YY Earnings Beat (40.86)
Stock gapping up +$4 I like to see this pop a little more at open to $52.50-$53 level then watch for topping scale in SHORT gap fill it back to $49.50-$50 and under then go long More it pops better the short if it pulls just wait for it to bottom curl
10) $NVDA Goldman Tags a BUY rating and TOP PICK with $130PT (101.85)
Stock Gapping up +$1 watch for a pop at open to $103-$104 then look for a nice pullback on it at $102 and under then look for bottom curl then go LONG for slow move to $105-$106 today
$GALT Positive results for open label (only 3 patients) (1.81) Stock gapping up +.20 watch for a small pop at open possibly thru $2-$2.25 then all day fader back to $1.80 or lower.
$PUK Earning Beat (40.86) Gaping up $1 watch for quick pop and pullback to $41 and under then grab a few long and look for a slow move to $42-$43 on the stock