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Pre Market Game Plan by AJ – 5/25/17

 1)  $MEIP  Oppenheimer Tags a BUY rating with $6.50 PT (1.67)
Stock gapping up +.20 I like this call from Oppenheimer, would take a few here LONG at $1.80 add on dips at the open if they come with some volume and look for a small move on this to $2-$2.50 possibly today. Cheap stock but $6.50 PT should get it above $2.50 soon

2) $BCRX   announce results from 2nd interim positive (5.13)
Stock gapping up +$1 I like to see a quick pop at open possibly to $7 top then scale in a few SHORT and look for this to be an all day fader slow back to $5.25 and lower and fill the gap, higher it pops better the fade for us. If this starts to pull at open should curl and pop and try and catch a few shorts off guard but it will be small and just a fake out, in the end this should fade

3) $SHLD  Earnings Surprise on a Beat (7.47)
Stock gapping up +$1 I like this to the upside more today possibly to $9.50-$10 so I would consider taking a small amount now at $8.50 room to add on ANY pull at open then look for this to have a nice all day slow move to the upside. If this pulls at all at the open to $8 and under definitely look to add more. I think at the end this will get above $9+

4) $PSTG  Earnings Beat (10.81)
Stock gapping up +$1.10 I like this to pop a little at open to $12.20-$12.50 area if it comes then look to fill the gap and sell off to $11 and under then look to scale in LONG for a nice slow all day move to the upside back to pre-market highs. PSTG tends to fill their gaps first before making their move to the upside

5) $GES  Earnings Beat (9.98)
Stock gapping up +$1.50 I like this to pop at open to $11.50-$12 then look to scale in SHORT for a nice gap fill pullback to $10.25 and under then go long on a nice curl. If this pulls hard at open eye that area and begin to scale in their, I think this has a nice all day slow move to the upside if this has any pullback at the open. Pops to high, short it, pulls grab some LONG

6) $GME  Earnings Beat (22.71)
Stock gapping up +$1.50 I like this to pop a little at open to $24+ then look for a nice gap fill sell off to $23 and under then scale in LONG for a nice all day slow move to the upside, if this pulls at open to same area under $23 look to go long for an all day slow move to the upside on it

7) $WSM  Earnings Beat (49.61)
Stock gapping up +$5 Look for this to pop some at the open on short squeeze. I would actually take a few SHORT at $54.40 area with room to add to $56 at the open then look for this to top off and gap fill back to $51 and under then bottom curl then go long. If this pulls at open and sells off on profit taking look for that $50.50 area as a base then bottom curl then all day slow move to the upside

8) $AERI  Phase 3 positive Data plus 50mil offering (40.50)
Stock gapping up +$17 wowza I like to take a few short small amount room to $60 at the open wide stops look for topping on it I think we see some nice profit taking on it at the open for 4-6pts to the downside. News is great, takeover talks are great but up way to much so look for this to pull some and when it does it will be a nice short

9) $PVH  Earnings Beat (102.04)
Stock gapping up +$7 I like to take a few short at $108.50 area room to $110+ at the open then look for this to gap fill some to $103.50-$105 area and then go long, if this pulls at open on profit taking to those areas scale in LONG for an all day slow move to the upside

10) $GLYC Orphan Drug News (14.00)
Stock gapping up +$2.5 WOW wait for this to pop a little more at open possibly to $18+ then look for a nice gap fill pullback to $15.50-and under, watch for bottom curl on it and go long, this could squeeze more then you think so watch for topping more, it pop better the fade for us. If this yanks at open to $14.75-$15.25 look to go long on it. Should be fun today

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Notable Calls:

$PBYI  Citi tags a PT increase to $105 from $88 multiple PT all above $90+ today as well (74.95)  I would take a few LONG at $75 level and under and look for a nice slow all day move to $80-$82 today on it. should be fun just wait for the pullback on it if any if it comes and take a few LONG once it gets going it should give us 4-5 points to the upside

$NAKD  Chatroom Pump garbage on Agreement (2.44) Not much risk here to take a few LONG at $2.80 level add on dips I think this will pop at open flag a little then run to $3.50+ area at the open then watch for topping quick snap on profit taking, Volume is there

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