Pre Market Game Plan by AJ – 5/12/17
1) $GLBS Popping yesterday on Loan restructuring PR/NEWS (1.65)
Stock gapping up a few cents took some at $1.60 an under see if this gets going if not, may add on dips and just hold it. Seems like shipper tend to run every other day/week. We’ll see.
2) $NAK EPA comes to terms and an agreement with company (2.17)
Stock gapping up +.35 I like the news but stock is trading grind style, I would prefer a pop at open to $3+ then look for a decent fade on it then look to fade it back to $2.25 and under if this pulls at open to same area scale in a few LONG lets see how it sets up
3) $FNJN Nice Earnings Beat (2.22)
Stock gapping up +.30 I like to see this have a nice day in it. Any pull at open to $2.40 area and under would take a few LONG klook for a possible all day slow move to the upside. If this pops and flags let it run should be fun, we’ll see. Earnings were a nice beat
4) $AKTX CEO was let go on negative news wrong Edison Investment information (11.49)
Stock gapping down -$2 this should get hurt today imo so look for any pop at open on short covering as a SHORT to enter, I would love to see $10-$10.50+ on it then scale in for an all day bleeder, if this pulls hard at open and flushes to $8.50 and under take a few long and play a nice 1-1.5pt bounce on it.
5) $ARDX Negative Results on T3MPO Trial (12.25)
Stock gapping down -$5.25 Tricky, but I would actually consider taking a few here LONG at $7 and if this pulls at open to $6 and under maybe add a few more, once this settles I think we get a decent 2 point bounce on it. Lets see how it sets up at the open.
6) $TTD Earnings Beat and Guidance (39.89) 4 analyst PT increases all to $55 and more
Stock gapping up +$8.50 I like to see this squeeze more at open if we get it thru $50-$51 then look to scale in SHORT on it for a 3-4point gap fill. Should be nice. If this sells off at open chase a few to $44 and under then go LONG on it. Should be fun today with range
7) $JWN Earnings beat but being punished on SSS (46.21)
Stock gapping down -$3 I like to see this do small pop like $M yesterday once a lower lows sets in I would look for this to fade all day long on it. to $41-$42 are or under. If this pops at all at open to $45-$45.50 I would scale in SHORT for an all day bleeder on it
8) $CYBR Earnings Miss (55.15) BofA Tags a Under perform rating with $42PT OUCH
Stock gapping down -$5 Any pop at open towards $52-$53 is a SHORT imo so keep an eye on it. If this pulls hard at open and flushes to $47-$48 play a nice 2-4pt bounce on it on short covering should be fun
9) *****$W (WSJ) Amazon might get into the on-line furniture business (64.54)
Stock gapping down -$4 2 ways this pulls at open to $58 and under play a nice 2-4pt bounce then short it, if this pops at open to $63+ area look to scale in short for an all day fader on it.
10) $DKS overstated Earnings (50.19)
Stock Gapping down -$2 I like to see this pull more at open to $47 and under then look for a nice 2 pt bounce on it, more it pulls better the play for us on short covering. If this pops at open to $49+ I would look to scale in SHORT and fade it all day