Updates

A leader is built by the profits of his followers

Pre Market Game Plan by AJ – 4/26/17

1)  $AKBA   Collaboration Agreement with Otsuka Pharma (9.37) Multiple upgrades today from $21 to $25
Stock gapping up +$2.40 I like to see this sell off today and fill the gap on profit taking, news is great but you all know collaborations tned to always sell off. Higher it pops better the fade. If it pulls at open let it flush to $9.75 and under then go LONG on it

2) $X   Off a cliff horrible Earnings and Guidance (31.11)
Stock gapping down -$6 this is going to be painful today, ANY POP ANY SHORT Covering at the opening let it push to $27-$28+ area watch for topping then slow all day fader to $23 and under, if this pulls hard at open to $23 and under scale in a few LONG and bounce this baby for 2-3pts

3) $CREE  Earnings Miss and Disaster (24.82)
Stock gapping down -$2.20 2 ways to play this, let some short covering at the open push this to $23.50+ then scale in SHORT for an all day bleeder to $20 on this. If this pulls super hard at open to $20.50-$21 and under go LONG and play a nice 1-2pt bounce then re-short it

4) $ASPS  I love this stock been really good to me buy the dips today on weakness (23.41) Carried this in 2 accounts $22.35/23.53
Stock gapping up +$1.40 BEAUTIFUL sold some Earnings 4/27 any nice sell off or pullback at open to $23 area or under will consider going LONG again, any pop at open towards $25 will be unloading the rest then wait for the sell off and the re-buy

5) $LOGI  Earnings beat and Guidance and possible sell (31.79)
Stock gapping up +$3.00 I like to scale in some SHORT at $34.50 area with room to $36 at the open watch for topping then gap fill this back down on a short to $32.50 and under then scale in  LONG if this pulls at open to same area then go LONG on it. Should be fun

6) $STX   Earnings Miss and Guidance (50.51)
Stock gapping down -$5.50  2 ways to play this would take a few LONG here below $44.75 and add on any pull at open to $43 wide range look for a nice 2-3pt bounce then SHORT it, if this pops at open on short covering push it to $47-$48 area then short it for an all day fader on it

7) $MDCO  agreed with FDA Phase 3 PR (49.11)
Stock gapping up +$2 I like to see this pop at open a little more to $53-$54 area then scale in SHORT on it for an fade back gap fill to $49.75 and under, if this pulls at open to same area then scale in LONG for all day slow move to the upside. Watch the pop if it comes

8) $ESRX   possible ATHM restructure (60.01) Piotr alert from $59.75
Stock gapping up +$3 I like to see this sell off at open and fill the gap on this potential news, I think its just fluff myself to get a short out of position, so I would consider shorting this pop here at $63 and add on any pop at open then look to fade this back to $61 and under, if this dumps hard let it flush but I think this gap gets filled back down

9) $IRBT   Earnings Beat (69.14)
Stock gapping up +$6 I like to see this push at open to $76-$77+ then scale in SHORT and gap fill this back to $72 and under on profit taking if this pulls at open to same area then look to scale in LONG for all day slow move to the upside

10) $EW  Earnings Beat (98.82)
Stock Gapping UP +$10 I like to see this pop at open to $110-$112 then watch for topping then scale in SHORT and gap fill this back to $104-$105 and under then go LONG if this pulls at open to same area watch the curl then go LONG

___________________________________________________________________________________________________________
Notable Calls:

$MOMO  Down on possible investigation (38.16) any pull at open to $35-$36 and under go long, look for MOMO to come out with statement and gap fill this back up to $38+ If this pops at open go long and push it back thru $38 then look to fade it

$DECK  possible sale talk (58.74) gaping up +$2 would scale in SHORT at $62-$63 area if it comes and try and gap fill this back to $59.50 and under if this dumps at open look to go long for all day slow move to the upside

$

Back to top