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Pre Market Game Plan by AJ – 4/25/17

1)  $CANF  Phase 3 positive review trial protocol & patient enrollment (1.82) FORMER RUNNER  BLAH BLAH BLAH
Stock gapping up +.40 I think sheep will chase this due to lack of other small cap trades out there, so watch for any pop outta of the gate possible thru $2.50-$2.75 area then watch for lower lows to possibly set in, then look for this to fade off all day. Volume is decent

2) $CATB  announce favorable results across multiple assessments (1.50) Former Runner  BLAH BLAH BLAH
Stock gapping up +.48 I like to see sheep chase this on small pull at open then watch for topping on it around $2.40-$2.70 if it comes and look for lower lows to set in then possible fader on it all day. Again, due to lack of pumps out there today, this may get unexpected love on on it

3) $TGTX  Jefferies Tags a BUY rating with $23PT (10.40)
Stock gapping up +.55 I like to see this get some love today. I would take a small starter here at $10.95 have room to add on dips to $10.50 at the open then look for a possible move towards $12+ on this call today, we need volume but if this pulls at open to me this would be a nice buying opportunity

4) $PHM  Lower on Earnings and Guidance (23.08)
Stock gapping down -$1  2 ways to play this, small pop at open to $22.80+ Then watch for topping then all day fader on it, or this pulls at open hard to $20- $21 and under then scale in LONG and play a nice 1 point + bounce on it on short covering

5) $IONS  Gaping up on $BIIB marketing numbers (45.74)
Stock gapping up +$2.25 I like this gap up for a short, so I would consider taking some here at $48 then add on any pop at open towards $49-$50 have wide spreads I like to see this gap fill to $46.25 and under then go LONG back slow to highs on it, should be fun

6) $SWFT  Earnings Miss (25.05)
Stock gapping down -$1.25 I like to see this pull at open to $21.50-$22 ,if it comes at the open then look for a nice 1pt++ bounce on it then go LONG, if this pops at open to $24.50-$24.75 on short covering then look for topping on it and fade it off for all day fader

7) $ESRX   ATNM announced they intend to move its business away when contract expires (67.25)
Stock gapping down -$9 2 ways to play this, this pulls hard at open to $56-$57 then look to play a nice 2pt bounce on it or more on short covering, or this pops at open short covers to $61-$62 then watch for topping on it then lower lows to set in for an all day fader on it

8) $LOGI  Earnings Beat and Guidance (30.80)
Stock gapping up +$1.00 would like to see this pop at open to $32.50-$33 then watch for a nice gap fill pullback on it to $31 and under then take a few LONG for an all day slow move to the upside. If this pulls hard at open to $31 and under then go LONG on it

9) $CAT  Big Earnings beat and guidance surprised many on this (96.81)
Stock gapping up +$6 I like to see this push at open to $105++ on it then look for a small 2-4pt pullback then go LONG on it on the curl, if this dumps at open to $98-$99 would look to scale in a few long on a curl and ride it all day back to highs

10) $NFLX  makes a deal licensing agreement with China’s 1Qiyi wowza (143.83)
Stock gapping UP +$5 this is big news Traders stock should be getting a lot of upgrades look for any pullback at open on gap fill to $145-$146 as a BUYING opportunity. I like to see this have room to $152-$155 at the open, imo this is BIG news coming into CHINA

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Notable Calls:

$IDRA  Baird Tags a $5PT (2.25) would take some HERE long at $2.36 add on dips at the open look for a possible .50 to $1.00 on this upgrade

$CTIC  small cap collaboration (3.98) needs volume but watch for any pop at open towards $5 then scale in SHORT on it for all day fader. If this small pops at open then look to fade it. If lower lows set in

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