Pre Market Game Plan by AJ – 5/2/17
1) $MOC Receives 3 yr Contract from On line retailer 80 Million over 3 years (2.52)
Stock gapping up +.80 Great news for this small cap company I like to see this pop and pull a little at open then look for a curl on i then go long with decent volume, if this just pops at open rushes hard then lower lows set in then would look for all day fader to $2.60 and under
2) $BDSI Former runner obtains FDA approval of sNDA (1.75)
Stock gapping up +.25 cents would take some at $2 with room to add risk .20 think this could pop flag and run some at the open. Lets see if some Chatrooms get behind it, if it does this should have a nice day in it. If volume is low watch for the pop lower lows then all day fader on it.
3) $AMD Earnings Miss and Guidance (13.62)
Stock gapping down -$1.70 I like to see this sell off at the open hard to $11 and under if possible then look for a nice .50-.75 cent bounce on it, if this pops at open at all and touches $12.50-$13 on short covering scalein SHORT look for an all day fader on it. This should get hit hard today but the action will be a slow all day fader when it starts to come down
4) $THC Earnings Beat (15.35) UBS Tags a $24PT on this today
Stock gapping up +$2 I like to see a push at open to $18-$18.50+ watch for topping then look to gap fill this back to $15.60 or under then look for an all day slow move to the upside, if this pulls and sells off at the open then look for a $15.70 and under flush then bottom curl then go long for all day slow move to the upside.
5) $LL Earnings Mixed (24.41)
Stock gapping down -$1.40 2 ways to play this, this pops at open on some short covering to $24+ then scale in SHORT for an all day fader on it, or this pops small and lower lows set in then look for this to fade all day to $22 & under lets see how it opens then we nail it
6) $MEDP Earnings Miss/Disaster Lowers guidance announce buyback for 50mil (32.39)
Stock gapping down -$8 I like to see this actually pop a little at open would consider taking a few here at $24 with room to add on pull to $22 then look for a nice possible 2-3pt pop on short covering. If this pops at open to $27+ watch for topping on it then look to scale in SHORT for an all day fader. If it pulls hard to $22 an under watch bottom curl and shorts to come in and cover 3-4pts
7) $COH Earnings Beat (38.74) Haven’t seen any upgrades yet
Stock gapping up +$3 I would like to see this pop a little at open would scale in SHORT here at $41.40 room to add to $43 $COH tends to fill their gaps on profit taking, so look for this gap up to get filled, if this pulls at open to $39.50 and under then scale in LONG for an all day slow move to the upside.
8) $SHOP Earnings Beat Guides Higher (77.26)
Stock gapping up +$3 I would look to take a small amount short here at $80 with room to $82 then look for this to gap fill profit take to $76 and under, if this sells off and dumps at open let it flush to $75-$76 then scale in LONG on it for an all day slow move to the upside, Higher this pops better the gap fill short on it.
9) $GLPG Positive Data (87.16)
Stock gapping up +$4 I would consider scaling in a few at $91.20 area SHORT with room to $93 at the open then watch for topping this should give back 3-4pts on it, so watch for this to top off quickly and look for the pullback on it, if this dumps at open to $88.50 or under then watch for bottom curl then go long on it.
10) $IAC announce Angie and HomeAdvisors moving together (84.19)
Stock Gapping up +$11 any pop at open I would look to scale in SHORT I like this $95 level use wide stops stock could hit $97-$98 before topping off then look for this to start fading and gap fill some to $90 and under, Great news for the company but I think we will have some profit taking to kick in and bring this down 3-4pts
$AMAG Earnings Miss (24.65) Gaping down -$1.60 would look for this to pop a little at open to $23.50-$24 then scale in SHORT for an all day fader on it. back to $22 and under.
$CGI Financial Reports not to be relied on (4.00) Now $2.00 would wait for a more of a dump at open and see if we touch 1 then possible bounce, this is death for a company like this. If this pulls at open to $1.50 and under play a small bounce, if this pops at all at open to $2.50-$3 scale in SHORT all day fader this company is in trouble