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Pre Market Game Plan by AJ – 4/28/17

1) $PRAN Up 20% on $NTRP possible buyout (3.02)
Stock gapping up +.55 Former runner, sheep will chase this so possible push thru $4 then look for a nice topping then lower lows set in then just fade it all day back to $3.10 and under higher it pops better the fade for shorts.
2) $TIME reviewing strategic operations (18.30)
Stock gapping down -$4 I would take some at $14 and under and look for a slow move slow all day move towards $16 on this pullback I like this to flush at open if it does then definitely lock some in LONG on the rebound
3) $PTCT 13G Pharma Holdings has bought 16% stake in company (12.01)
Stock gapping up +.45 I like to see this small pop at open then look for a decent gap fill pullback to $12.15 and under then take a few long look for an all day slow move to $13-$13.50 if it comes. will take all day
4) $SYF Earnings Miss and Guidance (33.05)
Stock gapping down -$5 I like to see this bounce I would grab a few at $28 with room to $25.50 area look for a potential bounce to $29.50-$30 then watch for topping and fade it all day back down. Stock has range down here, should be fun
5) ****$GIMO Earnings Miss and Guides lower (36.00)
Stock gapping down -$6 2 ways this pops at open to $33+ on short covering then short it for all day fader on it, or this pulls hard at open to $28.50-$29 then play a nice 2-3pt bounce on it on short covering
6) ***************$LPLA Multiple upgrades this morning from Cit $48Pt and Nomura $51PT (38.52)
Stock gapping up +$5 I would scale in SHORT here at $43 with room to $45 watch for topping should be a nice SHORT gap fill to $39.50 or lower then look for a nice all day long on it. If this pulls hard at open great cover and go long
7) $FTNT Earnings Miss (40.42)
Stock gapping down -$2 Look for a possible flush at open to $36.50 and under then play a 2pt bounce on it then re-short it lower it pulls better the bounce on it for us. If this pops at all at open to $39-$39.50+ SHORT it for all day fader on it
8) $WDC Earnings Beat (85.71)
Stock gapping up +$6 I like to see small pop at open to $92-$93+ if it comes then look for a nice gap fill sell off to $87 an under then go long on it. If this pulls hard at open and gap fills go LONG on it back to highs
9) *********$ATHN Earnings miss and guides lower for 2017 (121.45)
Stock gapping down -$19 Took a few at $100.25 sold some for +$2 still holding a little I like this to push at open to $105-$107+ at the open or more then top off then look to all day fade it back, if this PULLS at open to $98-$99 area look to go LONG on it an play the $4-5pt bounce on it.
10) $HON 3rd point taking active stake in the company (129.38)
Stock Gapping up +$5 I like to see any pop at open to $136-$138 area look to scale in SHORT on it for a nice 2-3pt pullback on it. I think this will pop and fade and gap fill to $131-$132 then go long

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Notable Calls:

$ALGN Earnings Beat (120) Gaping up +$20pts I would consider taking a few SHORT here at $140 with room to add at open BIG WIDE RANGE to $145 area then look for a nice huge gap fill 10 pt pull on it. If this pulls hard at open then look to fill that gap some

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