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Pre Market Game Plan by AJ – 5/31/17

1) $MEIP Positive PR on Study on Dosage (2.13) Think Chatrooms will want to pop this today
Stock gapping up +.40 I like to see a quick pop at open possibly thru $3 then look for this to sell off, I think this gap will get filled back to $2.20 or lower. If this pulls at all at the open then look for this to gap fill to $2.20 area bottom curl it then go long
2) $CBIO Recommended for Orphan Drug in Europe (4.17)
Stock gapping up +.40 I like this to pop at open on short squeeze then look for this to be an all day Fader on it. I think this will just gap fill back to $4.20 and under after any initial pop
3) ********$GEMP President and CEO resign (10.26)
Stock gapping up down -$1.50 2 ways to play this, I would like to see this actually pop at open back thru $9.75-$10+ then look for an all day fader on it, if this PULLS at open to $8 or under go LONG and look for this to gap fill at least +$1-+$1.5
4) ****$JILL Earnings Beat (11.27)
Stock gapping up +$1.80 I like to see this pop a little more at the open thru $13-$13.50+ then watch for topping then let this come gap fill back to $11.60 and under then go LONG if this sells off at open to same area on profit taking scale in LONG off the bottom curl and run it back to pre-market highs
5) $KORS Earnngs Miss (36.27)
Stock gapping down -$2.27 I like this to have some short covering at the open back thru $35+ at the open then watch for topping then look for this to make a nice all day bleeder to $31 and under, if this pulls at open hard to $31 and under GO LONG and play a nice 2-3pt short covering bounce then re-short it.
6) ****$EXAS WOWZA Positive INH covergae development (32.65)
Stock gapping up +$3 I like this to make a nice move at open to $36-$37 on a nice short squueze pop then pull it back on profit taking to $33.50 and under then go long on bottom curl, if this pulls at open and sells off to $34 and under watch for that bottomcurl around $33.25 and then look to go long

7) $ACIA identified quality issues in manufacturing (46.41)
Stock gapping down -$3 I like to take a few long with room to $42 at the open then look for short covering bounce back to $45+ I think this recovers more it pulls better the range to go LONG but in the end I think we get this back to $44.50-$45+ before it grinds out
8) $ADI Earnings Beat (84.80)
Stock gapping up +$6 I like to see this pop a little more at the open to $91+ on short squeeze then look for this to gap fill into the conference call then go long on a nice bounce. If this sells off into the call look for a nice pull to $86 area call begins then look to go long on it.
9) $IRBT Earnings slight miss (99.82)
Stock gapping down -$2 I would like to see this pop a little at the open on a gap fill to $99+ then look to short this for a fade for 2-3pts to the downside if this pull at open hard to $95-$96 are look for bottom curl and play the 2-3pt bounce on it
10) $NVDA Gaping up on strong valuation (141.84)
Stock Gapping up +$3 I like to scale in SHORT here at $147 area room to $148.50 at the open gap fill pullback to $145.50 and under then go long. If it pulls and sells off at the open go LONG off the $145 area

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