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Pre Market Game Plan by AJ – 5/4/17

1)  $APHB  Gaping up on lite volume with no news/pr (1.78) Former runner
Stock gapping up +1.20 I like to see this small pop at open then look for lower lows to set in then possible all day fader, volume is thin, no reason for this to be up, but if this pulls hard at open then bottom curls on vol would scale in a few and possibly run this thru $3+

2) $CNAT  exercised option from NVS to an exclusive License (8.11)
Stock gapping up +$1.25 I like to see this pop at open then possible all day fader on it back to $8.40 and under, if this pops small and pulls at open look to short it. If this pulls has then bottom curls on bottom look to scale in a few LONG for an all day slow move to the upside, personally think this just pops and fades on the News

3) $FIT  Earnings Beat (5.68)
Stock gapping up +.65 I like to see this pop at open some to $6.25-$6.50 then gap fill some on profit taking to $5.80 and under then scale in a few for an all day slow move to the upside. This will be a small win maybe .50-$1 but let it set up and we can scale in a few

4) $TLRD  Earnings Beat (12.61)
Stock gapping up +$2.10 I like to see this sell off at open on profit taking would scale in a few SHORT at $14.64 area add on pops at open to $15.50-$16 then watch for topping then gap fill this back to $13 and under, if this pulls hard at open let it gap fill to that $13 and under spot then look to grab a few LONG for an all day slow move to the upside

5) $HIIQ  Earnings Beat (17.10)
Stock gapping up +$2.00 I like to see this sell off at open so look to scale in a few SHORT here at $19 with room to $20 at the open then look for a gap fill profit taking pullback to $17.50 an under then go long, if this pulls at open to same area then look to go long on it for an all day slow move to the upside

6) $CAR  Earnings Miss (30.84)
Stock gapping down -$1.00 I actually would scale in SHORT here at $29.85 with room to $30.50 at the open look for an all day fader on this to $28 or under, think this gets hurt today so keep an eye on the SHORT side of it after some gap fill pop

7) $LITE  Mixed Earnings but gaping up (42.75) I see Revs down and Guidance miss
Stock gapping up +$4.10 very interesting put out downside guidance yet up..I would actually consider taking a few WIDE RANGE give it some room take some here at $46.40 with room to $48 then watch for topping then look to nail this on the downside to $43-44 and under. Something was said in the call to have this pop BUT with that said I think it will be short lived.

8) $DATA  Earnings Beat (54.70)
Stock gapping up +$6 I like to take a few SHORT (small starter) at $62 area with room for huge pop at open to $64 if it comes I think this will gap fill pullback on profit taking to $56-$57 area then look for bottom curl then go long. If this pull hard at open on profit taking then cover your short and wait for that bottom curl to set in then go long.

9) $FIZZ  Maxim Tags a sell rating with $33PT (91.00)  WOW
Stock gapping down -$5.50 I actually think this will sell off at open this is a huge cut, not a fan of Maxim but I cannot ignore the $33 PT so with that said. I like to take a small dab short at $85.50-$86 room to add at the pop at open on gap fill to $89-90 area then possibly look for an all day fader…This is going to be interesting but I need this set up for us. only reason for a few now short it could pull hard

10) $FSLR  BofA Tags a BUY rating with $45PT (33.91) Told you all this was coming
Stock Gapping up +$1.10 I like to see a pop at open so $36+ area then look for a gap fill pullback to $34.10 and under then scale in LONG for an all day slow move to the upside. If this pull at open to same area then go long on it for all day slow move to the upside

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Notable Calls:

$SQ  Earnings Beat (18.28) Gaping up +$1.00 just look for a pop at open then gap fill slow pullback to $18.50 or under on profit taking then scale in LONG for an all day slow move to the upside. wait for this to set up but I think the gap gets filled

$XGTI just pop and fade that 1mil stupid PR  IMO

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