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Pre Market Game Plan by AJ – 5/22/17

1)  $NTNX  Goldman Sachs Tags a BUY rating with $31PT (16.00)  SWING IDEA to $20-$21PT in a few days
Stock gapping up +$1.30 I like the call, market is up this should have a good day in it. Look for this to pop at open some more possibly to $18 then eye the gap fill pullback on it back to $16.50 are or lower then scale in LONG for a nice all day slow move to $18-$20

2) $CMCM  Earnings Beat (10.55)
Stock gapping up +$1.80 Look for this to pop a little more at open possibly to $13 I would consider scaling in some SHORT at $12.50 level give in some room CMCM has a habit of selling off their gaps. I like to see a nice fade off to $11 and under then consider going long on it

3) $SNCR  downgrade with Credit issue with a $13PT (13.54)
Stock gapping down -75 cents  2 ways to play this, this pulls hard at open to $11.50-$12 play a nice 1pt bounce then fade it, or this pops some at open to $13.25+/- then scale in SHORT look for this to sell off all day slow. Lets see how it sets up at the open

4) $LJPC   PR on Phase 3 Study in line (34.00)
Stock gapping down -$5 I would like pick some up here at $30.50-$31 and buy on weakness SUNTRUST believes they should get final approval and tag a $57PT on it. If this pulls hard at open below $29 then I would grab a few LONG and consider an all day slow move to the upside

5) $AAOI  Needham Tags a Strong BUY with $85 (63.54)
Stock gapping up +$3 I would actually consider scaling in SHORT here at $66.40 area add on pops to $68 look for this to gap fill all the way back to $64.50 and under, watch for bottom curl on it then go long for an all day slow move to the upside. Fill the gap first then go LONG

6) $YRD  Earnings Beat (24.01)
Stock gapping up +$1.60 I like to see this pop at open and short squeeze possibly all the way to $26.50-$27.50 at the open then look to scale in SHORT on it for a nice gap fill profit taking to $24.50 if this pulls at open to the same area then look for a nice bottom curl on it back to highs. Let this set up for us at the open. I  prefer a nice short on it and gap fill

7) $MOMO  Gapping up on continued Strength (43.58)
Stock gapping up +$2 I like to see a small pop at open to $46 area then scale in some SHORT (I would actually take a few here at $45.70 area add on pops at the open) MOMO tends to fill their gaps on with no news, so look for this gap to get filled to $44 and under then scale in LONG for an all day slow move back to highs. Higher this pops better the fade and gap fill on it

8) $RDUS  Gapping up nice on negative news on AMGN (34.93)
Stock gapping up +$5.50 I like to see this pop at open on short squeeze possibly to $42-$43 area then scale in SHORT for a nice gap fill pullback to $35.50-$36.50 or under then go long, if this sells off at open on profit taking chase a few down to $35.50 area I think this will gap fill so watch the topping on it

9) $RTN   Saudi Arabia signed a Memorandum (160.28)
Stock gapping up +$7 I like to see this gap fill to $161-$162 area and under then go long on it, if this pops too $168-$170 area use wide stops and look to fade it back for 4-5pts to the downside higher it pops better the fade on it.

10) $AMGN  Cardiovascular adverse events on Phase 3 (156.51)
Stock Gapping down -$4  2 ways I like this to pop on some short covering at the open to $154-$155 area then look for topping on it then possible slow all day fader back to lows, if this pulls hard at the start to $150 area or lower scale in LONG for a nice 2-3pt bounce on it then revisit the short idea

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Notable Calls:

$BIOC  awarded some US Patents (1.43) Gaping up +.40 I think due to lack of small gap plays this could pop at open thru $2-$2.25+ then look for topping on it and short it all day fader on it back to $1.55 or lower higher it pops better the short imo

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