Updates

A leader is built by the profits of his followers

Pre Market Game Plan by AJ – 4/18/17

1)  $CBLI  I think we get 1 more play in this before we start to fade it.  (4.80)
Stock gapping down -.35 I like to see a solid pop at open thru $5+ then a decent pullback on it curl with volume then another possible leg up, if this yanks at open to $3.80 area or lower watch for a pop bottom curl it and let it rip

2) $GNC  Great Earnings (7.24)
Stock gapping up +1.20 I like this beat, so with that said if this pops at open to $9.5-$10 scale in SHORT and fade it back on profit taking back to $8 and under if this pulls hard at open on profit taking to $7.75 area lower go LONG this will go back up all day in play back to $10+

3) $IDXG  announce UNH has agreed to cover Interspace Test (2.15) Great PR been said before in different ways thou
Stock gapping up +.80 I like the PR I think sheep will chase this at open possibly to $3.50-$4 area then watch for some profit taking pullback on it and look for a nice fade back to $2.35 and lower, keep an eye on the lower lows after initial pop. HOWEVER if this yanks and pulls at open hard to $2.25 or under GO LONG this will be in play for an all day slow move to the upside

4) $AKTX  This is a social media play into Data for next week think bottom might be in by many (13.31)
Stock gapping up +.60 I would consider taking a few here long at $13.90 add on dips at the open watch for bottom curl think this may have a slow move to $15 area and stay in that area until data comes out, If this pulls hard at open back in the 12’s would definitely grab some LONG and hold on this and add on dips for a solid 2-3pt move to the upside

5) $KATE  Missed on guidance (19.40)
Stock gapping down -$1 2 ways this pulls at open to $17.50 and under then scale in LONG off the bottom and play a 1pt bounce on it before fading it, or this pops at open on short covering to $19+ then scale in SHORT for an all day fader on it

6) $SSYS  Piper ups their PT from $21-$28 on this stock (21.30) I like the call, stock has range
Stock gapping up +$1.10 ok….wait for the initial pop at open to $22.75+ area then scale in SHORT gap fill it back to $21.50 and under then go LONG for an all day slow move back to highs, if this pulls at open to $21.50 add a few more if it dips lower bottom curl it and then go LONG on it.

7) $GBT  SunTrust Tagging a BUY rating with $56PT (29.00)
Stock gapping up +$1.00 I like the call and PT BUT this is GBT and we need volume for this to get love, this is like the 3rd $50+ PT but never moves, lets see if this makes a move today. Watch for the pop at open to $30.50-$31 then short the gap fill pullback to $29.50 and under then scale in LONG for an all day slow move back to highs, if this pulls at open to $29.50 or lower then scale in LONG

8) $HOG   Earnings Miss and guidance (59.40)
Stock gapping down -$3  2 ways this pops at open to $58-$58.50 or more then look to scale in SHORT for an all day fader on it, if this pulls hard at open to $55 level or lower play a nice 1-2pt bounce on it then scale in SHORT on it for all day fader

9) $CAH  Guides Lower for 2017they also acquire MDT (81.83)
Stock gapping down -$10 2 ways this has small pop at open chase a few to $74-$75+ before giving back and fading, if this pulls hard at open to $65-$66 GO LONG and play the nice bounce on it

10) $UNH   Earnings Beat (167.18)
Stock Gapping up +$4 I like to see a pop at open to $172-$173 area then look to fade this back on gap fill to $168-$169 bottom curl it then go LONG on it

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Notable Calls:

$XOMA  presents positive data (6.50) gaping up .50 I like to see this pop and just fade off all day on this back to $6.50 or lower higher it pops better the fade for us on it

$CUDA  Earnings Miss guides lower (23.41) gaping down -$2 watch for this to pop at open on any small pull would actually take a few LONG here at $21.40 look for a 1pt bounce then short it, think it gap fills first some then fades if this pulls to $20 or under go long and play the nice 1-2point short covering bounce

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