Updates

A leader is built by the profits of his followers

Pre Market Game Plan by AJ – 5/18/17

1)  *GLYC   FDA Granted Breakthrough (5.37)
Stock gapping up +$1.50  2 ways to play, This will pop at open to $7.50-$8 then watch for topping then look for this to fade off some back to $6 an under if this sells off at open to $5.6 and under watch for bottom curl on it then scale in LONG for an all day slow move to the upside

2) $ETRM  VA successfully completed its first implant of Company’s Therapy  (4.20) Former runner
Stock gapping up +.46  Keep an eye on this, this could pop at open to $5+ then watch for gap fill sell off then potential bottom curl then go long on it, IF this pulls at open hard and gap fills right away to $4.20 and under scale in a few for potential pop to $5+

3) $NLNK   down on Data from 2 clinical studies (16.10)
Stock gapping down -$2.45 Seeing notes from analyst to buy on weakness from SunTrust. So watch for a quick gap fill pop at open to $15.50 to $15.80 area then look for fade it. If this pulls at open to $13 and under scale in LONG and buy the weakness

4) $SNDX  Gapping up on News its moving into Phase 2 (13.58)
Stock gapping up +$1.30 2 ways to play this, this pops at open to $16-$16.50 then scale in SHORT for a nice 1-1.5 pt gap fill short, if this pulls at open to $13.80 and under watch for bottom curl then scale in LONG for an all day slow move to the upside

5) $LB  Earnings Beat (48.40)
Stock gapping up +$3 I like to see this pop a little more on a squeeze at open to $52.50-$53.50 then watch for a nice 1-2point profit taking pull on it then scale in LONG for a slow all day move back to highs. If this pulls at open and sells off to $49.50 and under scale in LONG for an all day slow move to the upside

6) $SAGE  Receives Fast Track (65.39)  This stock gaping up
Stock gapping up +$5 with very little volume, I would watch any pop at open to $68-$69 as a short idea and look to gap fill it back for 3-4pts quick then go long a few back to highs, if this just opens and sells off right away to $66 and under scale in a few for an all day slow move to the upside

7) $INCY   Positive Publication PR (120.49)
Stock gapping up +$10 points would take a few short at $130 and add on any pop at open to $132+ then look for this to gap fill back to $123-$125 then go long on bottom curl if this pulls at open to same area go long and play it back to highs

8) *********$SHPG  Gapping up on Positive Phase 3 results (182.17)
Stock gapping up +$14  would take a few short at $194 with room to $197 at the open use wide stops and look for this to gap fill back down 5-8 points. News is great but SHPG tends to sell off on their news, Investors always like to cash out on their news so watch the SHORT

9) ***********$ATHN  Elliot Associates took Stake in Company (106.28)  WOWZA!!!!
Stock gapping up +$20 I would prefer to start scaling in  SHORT here at $126 use wide stops and look for a nice move to $128+ then watch for topping think we get a nice profit taking sell off for +$10points

10) $PLCE  Earnings BEAT (111.60)
Stock Gapping up +$14  I like to see a quick pop at open to $127-$130 area on short squeeze then look for a nice 5-7 point sell off or more on this, if this starts to have a small pop then begins to pull some, take a few short and take it down to $118-$119 area before we see a bounce. This trade will be tricky but just watch how it open, I like it to pop then we short it

___________________________________________________________________________________________________________
Notable Calls:

$RL  Mixed Earnings (72.75) Gapping up +$2  I like to see a quick pop at open to $75-$77 then watch for topping on it then look to fade this back to $73 and under, if this pulls at open right away and flushes to $73 area and under scale in some LONG for an all day slow move back to pre market highs

$ZTO  Earning Play (14.05) gapping down -$1 I would take a few long at $13 and look for some sort of pop at open to $14+ on a gap fill then watch for topping then scale in short on it and fade it all day

Back to top