Pre Market Game Plan by AJ – 5/16/17
1) *XGTI Nice Blowout Earnings (1.45) Former Runner
Stock gapping up +.30 took a few at $1.71 stops at $1.50 risk .20 cents see if it pops and runs this morning, if not will be looking to fade the pop all day if it doesn’t pop flag and run. Either way we have a trade in it.
2) $PTX Earnings Miss (5.73)
Stock gapping down -$1.70 I like to see this pop some at open on short covering to $5.20+ then watch for topping on it then scale in SHORT for all day bleeder on it, if this pulls at open to $4 and under would grab a few long and look for a nice .75 -$1.00 short covering
3) $ETSY TPG Group discloses 4.3% Stake in the company (11.32)
Stock gapping up +$1.50 I like to take a few SHORT here at $12.95 area with room to add at the open towards $14 if it comes then look for a nice gap fill sell off back to $12 and under, I think this is up way to much on the stake in the company so I will be eyeing the pop and fade on this trade
4) $AKBA to sell vadadstat to Fresenius Medical Care (12.90)
Stock gapping up +2.00 I would like to see this sell off after ANY initial pop at the open, think this gets back down to $13.40 and under on profit taking from investors, so any large pop at the open that comes watch for the topping then it should end up fading most of the day. If this dumps at open…great…cover then look for this bottom out and scale in LONG on it for slow move to the upside
5) ****$ALDR Needham Tags a BUY rating on this with $36PT (17.80)
Stock gapping up +.75 I like the call so I will wait for the pop and sell off at the open then watch for bottom curl I like to get this at $18-$18.25 a share then take it LONG for all day slow move to highs, this chart looks like we hit bottom and this should have a nice slow move thru $20 but I will wait for the initial pop and pullback before going long. If this pops big then I will short & fill the gap
6) *$SSYS Mixed Earnings and slight miss (29.93)…remember William Blair downgraded this yesterday WOWZA
Stock gapping down -$2.00 I actually would like to see a gap fill pop at open like yesterday for at least +$1-$1.50 or more then look for a nice all day fader on it if this pulls at open hard to $25.50-$26 area watch for bottom curl then scale in some LONG for a nice 1-2point short covering
7) $DKS Earnings Disaster……(47.57) I like this play on range!!!
Stock gapping down -$7 2 ways go LONG some at the open and short cover to $43.50-$44.50 then look for an all day fader on it back to $40 area and lower, if this pulls at open hard to $40 and under then watch for bottom curl and this should short cover to $43 area+ before giving back
8) $WB Earnings Beat (62.90)
Stock gapping up +$8 wow…..I would like to see this squeeze just a tad more thru $72+ at the open then look for investors to see this sell off some and gap fill back to $65 area and under then go long on it. If this pulls at open to same area on profit taking watch for bottom curl then go long on it.
9) $TJX Earnings Miss (76.90)
Stock gapping down -$3.90 I like to see this pop at open to $75-$76 then fade off all day on it if it comes, if this pulls at open to $70-$71 and under scale in a few long for a nice 2-3pt short covering squeeze
10) $SINA Earnings Beat (84.04) SINA has a habit of fill gaps be aware
Stock Gapping up +$8 I would take some short here at $92.50 with room to $94+ at the open look for topping then stock should sell off and gap fill back to $86-$87 or under then watch for bottom curl then go long, if this sells off at open cover then look for bottom curl on it and go long
$SKLN Nice Earnings= Yesterday took a few at $2.10 will risk to $1.85 on it see if it gets some life and a decent pop at open and small run, if not will just pop it and look for an all day fader on it like $XGTI above.
$SAGE Needham Tags a BUY rating with $85PT (70.67) Gaping up +$1.5 Just wait for the pop and gap fill back to $71 and under then grab a few long and get a nice slow move to $73-$74 on it.