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Pre Market Game Plan by AJ – 5/24/17

1)  $XGTI  entered purchase agreement with LP for 3mil in Pre-Orders (1.93)
Stock gapping up +.20 I like the news. I would take a few here at $2.01 area with room to add, if this pops let it push to $2.50+ then eye the pullback with volume on it then look for this boot curl then go long, if this pulls at gap fills under $2 watch for bottom on it take a few long

2) $TLYS  Earnings Beat  (8.58)
Stock gapping up +$2 I would like to see this small pop at open then look for a nice gap fill sell off to $9-$9.25 and under then go long on it off the curl, if this just dumps at open on profit taking to same area scale in LONG on the bottom curl, trades this so stock should gap fill

3) $ANW  Earnings Miss (10.50)
Stock gapping down -$3 I would actually scale in a few LONG here at $7.45 area with room to add on pull at open to $6.50. I think this will short cover back to $8.50-$9 at the open then scale in SHORT for an all day fader on it. If this pulls harder at open I will be eyeing the $6 are and below to bounce it. I do think this will bounce before fading back

4) $INO  Positive news on its HIV-Vaccines on a human study (7.13)  THIS WILL BE A TRICKY TRADE I WOULD WAIT FOR OPEN
Stock gapping up +$5.20  I like to see this pullback to $9.50-$10 area and under then bottom curl it and go long. I do believe we will get an initial pop at open possibly back to $12 then a nice gap fill pullback to $8.50 and under. If this pulls at open to $8.50 and under watch for bottom curl then go long on it. This will have range and need eyes on it since its up so much. Stock has HIV in it like “Cancer”

5) $TGI  Earnings Beat (24.25)
Stock gapping up +$4 I would actually scale in SHORT at $28.20 area with room to add at the open to $29 look to gap fill this at least -$2 dollars or more to the downside then watch for bottom curl then go long. I think this will gap fill some its up quiet a bit so any small pop at this point should be a nice short and 2-3pt to the downside

6) $OOMA  Earnings Miss (11.70)
Stock gapping down -$3 I would actually take a few here at $8.35 LONG with room to pull at open to $7.50 and under then look for a bottom and short covering back to $9-$10 on short squeeze covering. If this pulls even harder at open I would add into my long and play the nice 1-2pt bounce on it

7) $NBIX  Phase 2 Fail (53.53)
Stock gapping down -$3 I would actually like to see this small pop on short covering to $51.50-$52+ then look for a topping on it then all day fader, if this dumps at open which I think it will let it flush to $48 area and under play the 2-3pt bounce then refade it. Stock has range

8) $BG  NOT IN DISCUSSIONS (81.70)
Stock gapping down -$4 I would take a few here at $77+add on any pop at open to $79 area and short it, I think this fades all the way back to $73 and under today so look for this to sell off

9) $DY  Earnings Miss (108.05)
Stock gapping down -$18 wow! I would take a few long small amount at $90 area room to add at open to $87 area watch the 4-6 pint gap fill bounce on it. I think this will short cover and squeeze some at the open if it does watch for it. If it pull even harder at open great grab a few and play the short covering bounce

10) $INTU  Earnings Beat (129.15)
Stock gapping up +$10 I like to see this small pop at open on short squeeze to $142+ then look for nice 4-5pt gap fill pull on it then go LONG, if this pulls at open and flushes to $135 and under would scale in LONG on it for a nice play to the upside

Notable Calls:

$TCS Earnings Beat (4.15) I would look for this to pop at open to $6 area then scale in short and look for an all day fader gap fill to $5 and under, this stock has alot of bagholders. Look for it to gap fill

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