Pre Market Game Plan by AJ – 3/3/17
1) $GNC Dealreporter saying KKR for possible Bid (7.96)
Stock gapping up +.60 I like this noise, I like to see a decent pop at open possibly thru $9 then look for a nice profit taking pullback on it. If this pulls hard at open and gap fills at $8.05 or under would consider going LONG on it
2) **$GPRO Citi Tags a SELL rating with $8 PT (9.27)
Stock gapping down -.10 I would take some here at $9.10 room to add on ANY pop at open with size and look for a nice slow all day fade to $8-$8.50 on this call.
3) $IMMR Earnings Miss and Guidance (10.69)
Stock gapping up down -$2.00 2 ways to play this, I like to see a pop and push at open to $9.75-$10.25 on a short covering gap fill then look for a topping on it then slow all day fader like $PSTG yesterday, if this pulls hard at open to $8 or under play the 1-2point bounce on it. Should be fun
4) $HABT Earnings Beat (13.80)
Stock gapping up +$2.00 2 ways to play this, this should pop a little more at open on short squeeze to possibly $16-$16.50+ then watch it top off and then short it on a nice gap fill profit taking pull back to $14.25 or under. If this sells off at open to $14.25 or under scale in LONG
5) $LXRX Earnings Beat and Guidance (15.07)
Stock gapping up +.50 I like to see a nice pop here at open thru $16.50-$17 I like this entry here at $15.60 think it pops at open it hit $16.41 this morning, then look for the profit taking pullback on it, if this pulls at open on profit taking to $15.25 or under GET ready and lock and load I think this has a nice upside move on it today
6) $KPTI #FAIL (13.84)
Stock gapping down -$2.50 2 ways to watch this play out, watch for quick short covering pop at open to $12.75-$13.35 area then watch for topping then all day fade on it if this sells off at open to $10 or under play a nice 1-1.5 point bounce on it. Should be fun
7) ****$ESPR Stifel ups the PT on stock to $45 (29.33)
Stock gapping up +$1.00 I like the call and the gap up, watch for quick pop at open to $30.75-$31 area then look for this to gap fill to $29.35 or under then go LONG for a nice all day slow move to the upside. If this pulls at open to same area look for bottom curl go long.
8) $BIG Earnings Beat (52.25)
Stock gapping up +$2.50 I like the beat, look for a quick short squeeze pop at open to $55-$56 area then look for profit taking to kick in and take it down to $53 and under, if this pulls at open to same area on profit taking I’ll be watching the $52.50 $52.75 area to go LONG stock will have nice range for us today
9) ****$NTNX Earnings miss (31.12)
Stock gapping down -$6 I like to see this pop at open to $27-$28 on SHORT covering then look for a topping on it then scale in some short for all day bleeder, higher it pops better the short, if this pulls hard at open to $23-$24 go LONG and pla y a nice 2-3point bounce on it. One to watch!!
10) $GWRE Earnings Beat (55.12)
Stock Gapping up +$1.50 I like to see a quick pop at open to $57-$58 then look for topping on it short it back on gap fill to $56 and under then go long, if this pulls at open to $56 and under scale in a few LONG just wait for this to set-up for us should be fun
$AOBC Earnings miss (19.38) down -$1 I like to see this pop on short covering to $18.75-$19 area then look for all day bleeder on it, if this pulls at open to $17 and under scale in long and play a nice 1 point bounce on it more it pulls better the bounce
$COST Earnings miss (177.78) down -$7 this stock is like $BWLD gets bought up on pullback and weakness this is a wall street favorite so look for any pull at open as a buying opportunity I think this pops to $173-174 before giving back any. If this pops at open to that area watch for topping then possible 3 point fade on it