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Pre Market Game Plan by AJ – 5/19/17

1)  *****GLYC   Continuation from Yesterday (10.67)
Stock gapping up +$1.10 I like to see this pop at open to possibly $12.50-$13+ and squeeze the shorts out then look for some topping on it and look to short the top on it. If this sells off hard at open to $10.50 and under watch for bottom curl then go LONG!

2) ********$AXSM  BTIG initiates a BUY rating with $14PT (3.80)
Stock gapping up +.25 I would take some here LONG at $4.25 with room to $3.80 at the open have a nice average look for this to get to get to $5.50-$6 on this call. I like this call a lot

3) ******$ARNA  Initiated with an Outperform at Leernik $5PT (1.15)
Stock gapping up +.20 would take some HERE LONG at $1.35 room to add at open if it dips to $1.20 hold a nice average stock could run .50-.75 cents today with today’s Market being up. Very little risk on this one.

4) ********$PRTK  Raymond James Tags a Strong BUY with $36PT (21.40)
Stock gapping up +$1.35 I like the call, with the market strong this should have room to $24-$25 today. SO look for a pop at open to $23-$23.50 then look to scale in SHORT gap fill it back to $21.75 and under bottom curl it then go LONG on it

5) ******$LL  Oppenheimer upgrades this to Outperform $34PT (26.21)
Stock gapping up +$1.50 I like this to pop at open to $28+ scale in SHORT gap fill it back to $26.60 and under then scale in LONG for an all day slow move for +$1-$2 points on this call.

6) $FL  Earnings Miss (70.45)
Stock gapping down -$15 I would consider taking a few LONG at $59 level with room on any pull at open think this will short squeeze and pop 3-5pts at the open before coming back down. If this rushes out of the gate to $62-$64 cash out then look for an all day slow fade on it.

7) $CRM  Earnings Beat (87.75)
Stock gapping up +$4 I would look for a short squeeze at open to $92-$94 on it then watch for topping then scale in SHORT for a quick pull to $89-$90 then watch for bottom curl then go in LONG on it. “Cramer comments in the morning this is going Straight up”

8) $AMAT  Earnings Beat (43.91)
Stock gapping up +$2.50 I like to see this pop a little more at open to $47 area if it comes then scale in SHORT and gap fill this back down to $44.50 and under then scale in LONG, Like to see this gap fill before getting excited on it to the long side,

9) $DE  Earnings Mixed (112.67)
Stock gapping up +$7 I like to see this small pop at open scale in SHORT at $121-$123 level sell off into the call in 30mins. Thinks thiss one pulls at open or slow sell off into the upcoming conference call. If this pulls hard wait for the call the bounce it

10) $ADSK  Earnings Beat (95.83)  Reminds me of OLED (95.83)
Stock Gapping up +$15 Points look for this to pop a little more at open to $110-$112 scale in some short take it down -$105-$107 area then look for curl on it then scale in LONG for all day slow move back to highs.

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Notable Calls:

$TNXP  Baker Bros Takes a NEW position in stock This is a beaten down stock (4.00)
Stock gapping up +.34 would take some LONG at $4.35 add on any dips to $4 hold an average possible swing idea on this one. Then look for a possible move to $5 on the stock. This could get picked up in the pumper rooms being the stock is beaten down a lot

$CLVS  Gaping up +$2 (54.63) I like this to continue today on it, so any pullback at open look for bottom curl then scale in a few long for 1-3pt to the upside.

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