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Pre Market Game Plan by AJ – 3/16/17

1)  *$FRSH  Earnings Beat and Wells Fargo saying bottom is in (4.12)
Stock gapping up +.35 I would consider taking a few here at $4.50 room to add on any pullback at open look for some volume, think this can get to $5.50+ today once volume kicks in, if it pops big at open wait for the pullback and bottom curl it LONG

2) $GPRO  Earning Guidance Better outlook (7.35) PT are still $9 everywhere
Stock gapping up +..80 I like to see quick pop at open to $8.45-$8.75+ area then look for a nice profit taking pullback on it back to $7.50-$7.70 or under, then look for a nice slow move to the upside, if this dumps and sells off at open look for the pullback on it same area and then scale in LONG on it

3) $GES  Earnings Disaster (12.23)
Stock gapping down -$2 would take a few here LONG at $10.30 with room to add on ANY pullback at open to $9 area would scale in LONG and play a nice +$1pt gap fill bounce on it, more it pulls at open better the bounce for us, GES always fills gaps some before fading. If this pops at open to $11.50-$11.85 watch for topping then scale in SHORT and fade it back

4) ***$SNDX  FBR Tags a BUY rating with $27PT (14.72)
Stock gapping none. Watch for pop at open maybe even to $16 then eye a nice gap fill pullback on it to $15 and under then scale in LONG at the bottom curl and swing it to $16-$17 on this upgrade. Stock has nice range and looks like bottom is already in

5) $WSM  Earnings Beat (48.12)
Stock gapping up +$2 I like to scale in SHORT here at $50 with room to add at open, think this gap fills back to $48.50-.75 at the open then look for a nice bottom curl then go LONG on it, if this pulls and sells off at open to same are watch for the bottom curl then go LONG on it

6) $ALRM  Earnings Beat (30.63)
Stock gapping up +$2 I like this to pop a little at open to $33.70-$34+ area then look for this to top off and sell off and fill the gap to $31 and under, if this pulls at open to same area look for this to gap fill quick then take a few LONG and move it back to highs

7)  $GBT   Cantor Tags a BUY rating with $61PT (37.95)
Stock gapping up +$1.05 this should pop at open to $39.50-$40+ area then eye a nice gap fill pullback on it to $38.35 area or under then scale in LONG for a nice move to $41-$42+ on this call possibly today. If this pulls at open to same area and gap fills scale in LONG on it

8) $ORCL  Earnings Beat (43.05)
Stock gapping up +$3  $ORCL always gives back their gains on #Earnings so I would take some SHORT here at $46 room to $47+ on any pop then look for topping and fade this back to $43.50-$44 on profit taking, once it pulls and bottoms sets in then look for this to go back up, $ORCL like $MSFT always gives back too many bag holders holding for long time

9) $DG  Gaping down on Mixed Earnings (72.81)
Stock gapping down -$1 I would watch this carefully, this was gaping up this morning to $77 a share. I like to see bottom set in use wide range, look for $70-$71 as bottom into the call and play the bounce, use small size for now in case we see below $70 but watch for sell off just before the call then grab a few LONG on it and play a nice 2-3point bounce on it

10) $TSLA  gaping up on 1billion Raise (255.73)
Stock Gapping up +$9 I would take some SHORT here at $264 room to add at open to $267, look to fade this back to $258 or under at the open. I think this is up stupid and should gap fill at the open quickly. If it pulls at open to same area look for a nice bounce on it

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Notable Calls:

$INFN  Goldman Tags a BUY rating with $13.50PT (10.35) Stock gaping up +.67 I like this call wait for a pop at open to $11-$11.35 area then eye a nice gap fill pullback on it to $10.50 or under then scale in LONG for an all day slow move back to highs, if this pulls at open to same area then go LONG on it

$SKLN  Earnings mix and beat (2.08) Think this just pops and fade on this, imo.  So short sellers watch for a pop at open possibly to $2.75-$3 volume is thin only 25k shares will look at this when volume really kicks in if it does, watch for cheap ass chatrooms to try and push this today, for us, think its just a pop and drop

$YRD  Earnings Mixed (29.29) Gaping down -$1.20 was up +$1 If this pulls any harder at open to $25-$26 level scale in LONG on it and look for a nice 1-2pt rebound on it, harder it pulls better then gap fill back up. If this pops at open to $30-$31 scale in short on it

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