Updates

A leader is built by the profits of his followers

Pre Market Game Plan by AJ – 4/19/17

1)  $IMGN  Leernik Tags a BUY rating and ups PT from $2 to $8 (3.24)
Stock gapping up +.20 would take a few here LONG at $3.42 add on dips on gap fill to $3.20 have a nice average stock should hit around $4.25-$4.50 today with volume on this upgrade.

2) $GNC  JP Morgan  Tags a BUY rating with $12PT (9.03)
Stock gapping up +.30 I like this so far I think we get a solid move to $10-$10.25+ on this upgrade this morning, look for a small pop then wait for a gap fill pullback to $9.10 and under then scale in LONG for an all day slow move to the upside

3) $SNGX  up on upcoming presentation (2.57)  Really??? WOW ridiculous…and I’m going to have coffee later…does that matter?
Stock gapping up +$1.10 If this pops at open thru $4 watch for low lows to set in and look to fade this all the way back to $2.70 and under. Keep an eye on the pop at open , this has volume and nothing really fun is moving, a lot of sheep on this so if it pops let it run, but in the end this is a pure short to me

4) $AKTX  Gapping up again for another possible play in it to $16-$16.50+ Today (14.97)
Stock gapping up +.60 I like to see this do a quick pop at open to $16+ then eye a decent gap fill pullback to maybe $15 and under then scale in LONG for another decent run could touch $17 on this today

5) $LBY  Missed on Earnings and Guidance (14.00)
Stock gapping down -$2.04 2 ways to play this, this sells off hard at open to $10.50 and under and we go LONG on the bottom and bottom curl it then play the short covering bounce for 1-1.5pts or this pops at open to $13-$13.50+ on gap fill short covering and we nail a nice all days slow fader to the down side

6) $LTXB  Earnings Miss (37.61)
Stock gapping down -$2.60 with no volume, wait for the pop at open to $36.50+then watch for topping on it then scale in SHORT for a possible all day fader on it back to lows, higher it gap fills at open better the short, if this pulls and sells off at open to $33 and under scale in LONG and play the bounce

7) $RARE  up on positive Data (60.08)
Stock gapping up +$5 I would like to see this small pop at open maybe to $67 then look for a decent sell off and gap fill it on profit taking to $62-$63 on it, if this pulls hard at open to same area then scale in LONG and play a nice 2 point plus bounce on it

8) $MUSA  Earnings Miss (74.15)
Stock gapping down -$5 I like to see this pop at open from $69 to $72+ then scale in SHORT on it for all day bleeder, if this sells off at open to $67 and under go long and play a nice 2-3pt bounce on it

9) $LRCX  Earnings Beat (127.43)
Stock gapping up +$6 I like to see this pop at open to $134-$136 area then watch for topping then short it for 2-3pts on a pullback then go LONG on it multiple upgrades this morning on it. If this pulls at open to $129 area or under go LONG

10) $IBM  Earnings Miss (170.05)
Stock Gapping up +$10 I like to see this pop at open to $163-$165 area then look for a nice fade on it, higher it pops at open better the play for us on the downside, if this pulls hard at open and touches $158-$159 watch for bottom on it then scale in LONG play the bounce

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