Updates

A leader is built by the profits of his followers

Pre Market Game Plan by AJ – 4/27/17

1)  $AKBA   Collaboration Agreement with Otsuka Pharma (12.50) Mutiple upgrades today from $21 to $25 another day in it imo
Stock gapping up +$.25 I think we have another run at this today I would be looking for any initial pullback as a buying opportunity and think we may touch $14+ on this today. So Lets see how this opens and bottom

2) $MDGS  10 producers have been performed!  (2.72) LOL  Blah Blah Blah
Stock gapping +.60 I like to see sheep chase this at open if we can then look for an all day bleeder on it. I think this news is so stupid but can’t ignore the gap up so lets see how it reacts at open if it pops small then pulls it could just have lower lows set in an fade it

3) $UCTT  Earnings Beat and Guidance (17.51)
Stock gapping up +$2 I like to see this pop at open if we can get some towards $20-$21 then eye a topping on it then short it back and gap fill it back to $18.25 and under then watch bottom curl then go LONG if this pulls hard at open to same are scale in long ride it back to pre-market highs

4) ***$FSLR  Interesting Upgrade this morning JPM Securities with $80PT (28.99)
Stock gapping up +.58 I would take some LONG here at $29.57 add on any dips at open then look for a nice slow move to $30-$31+ today on this call. Bold PT can’t be ignored

5) $ISLE  Earnings disaster and lowers guidance (26.90)
Stock gapping down -$3 I like to see this pull at open if it comes to $21 area or lower then scale in a few LONG and play the 1-2pt bounce on it. If this pops at all at open chase a few on short covering to $25+ then watch for topping then short it for all day fader

6) $EXAS   signs 5yr deal with SA plus provides amazing guidance (23.80)
Stock gapping up +$5 I like to see this pop at open towards $30+ area then look for some profit taking to kick in and take it back down to $25 and under then go LONG on it. If this pulls at all at open look to buy on the pullback around $24.50-$25.50 think this gets multiple upgrades today so keep an eye on how it trades

7) *******$MLNX  Earnings Miss and guidance (50.90) Bounce Play
Stock gapping down -$8 I would consider taking a few LONG here at $42.75 area with room to add to $41 at the open use wide range stops I think this will bounce back to $44-$45 at the open then look to scale in SHORT on it for an all day bleeder once it sets up

8) $GRUB  Earnings beat and raises (35.02)
Stock gapping up +$5 I like to see this pop at open and squeeze a little more towards $41.50-$42+ area if it comes then look to scale in short on it and gap fill it back to $37.50 or lower, if this pulls hard at open on profit taking look for that $37 area for a nice LONG entry

9) $NOW  Earnings Beat and Guidance (90.02)
Stock gapping up +$7 I like to see this pop a little more at open and squeeze to $98-$100 area then look to short the pop and gap fill it back to $93-$94 then go long If this pulls at open and gap fills back to $93-$94 area then watch the curl the scale in LONG on it

10) $FFIV  Earnings Miss and Guides lower (137.30)
Stock Gapping down -$10 2 ways to play this. This pops at open to $132-$133 on short covering then all day fader on it back to $125 and under if this has a small pop then lower lows set in look to scale in short for an all day fade on this. I think this gets hurt today

___________________________________________________________________________________________________________
Notable Calls:

$IPO $FND  watch this for some crazy action today well underwritten IPO an company Priced 8.8mil at 21 oversubscribed I like to see this open close to its range for a 2-3pt pop on it. If it opens at $25 wait for some pull then ride a few over $27-$30 PASS

$XLNX  Earnings Beat and guides higher (59.99) Gaping up +$4 I would consider scaling in SHORT here at $63.50 with room to $65 watch for topping then look for a nice gap fill pullback to $61 and under then go LONG

$CTXS  Earnings Mixed (84.12)  Any pop at open I would consider shorting this around $83.50-$85 area may have a nice all day slow fade on it so keep an eye if it pulls at open

Back to top