Pre Market Game Plan by AJ – 5/5/17
1) $BCOV Earnings Miss (8.70)
Stock gapping down -$3 I would scale in a few LONG here at $5.55 with room to $5 at the open look for a bounce on this on short covering to $6.50-$7 at the open then look for all day fader. Harder this pulls at open better the short covering bounce on it.
2) $DAIO Earnings Beat (4.77)
Stock gapping up +$1.00) I like this to pop at open to $5.75-$6 area then top off then slow fader on profit taking pullback gap fill to $5 and under, if this pulls at open to same area look for a nice 1 point or more bounce to the upside
3) $SNCR siris capital discloses 12.9% stake (15.45)
Stock gapping up +$3 I like this to pop some at the open on short squeeze then look for this to fade back to $16.50-$17 or under I think this is alot of noise and will give back some at the open, but would like to see if it pops and squeeze first. If not and an immediate lower lows sets in then look to fade it.
4) $AKAO receives a 20 million grant from The Gates Foundation (24.99)
Stock gapping up +$3.00 I would actual consider taking a few short at $27 with room to add on any pop at open to $28+ then look for topping on it then look to fade this nicely back down to $25.50 or under on gap fill, if this pulls hard at open on profit taking then look for bottom curl then go long on it.
5) $SWIR Earnings Beat raises guidance (24.80)
Stock gapping up +$4.20 I like this to fade on this gap up so would consider taking a few here at $29.35 area add on pops to $31 watch fot topping then get a nice 2-3point pull on it on profit taking, this should be fun filling some gap. if this sells off hard bottom curl it around $25.50 or under then go LONG
6) $PBYI Earnings Miss (36.55)
Stock gapping down -$5 I like to buy this on weakness so would consider taking a small amount at $31 area add on pull to $30 and under then look to bounce this 2-3pts , if this begins to pops a few add onto your LONG and let this push to $33-$34 area before topping off and slow fader back to lows. This should be fun filling some gap
7) $AAOI Earnings Mixed but showing gap up on guidance (46.81)
Stock gapping up +$5 I like to see this pop a little at open to $52-$54 area watch for topping then scale in SHORT and gap fill this back to $47-$48 or under on profit taking then go long, if this pulls at open chase a few to that area then go LONG on it. Should be fun on gap fill
8) $FLR Earnings Miss (50.60)
Stock gapping down -$3 I like to see this actually pull at open touch $45 area or under then look for this to have a nice 2-3point bounce on it, if this pops at open chase a few to $49 level watch for topping then look for lower lows to set in and look to fade this back down to lows
9) $HLF Earnings Beat (62.20)
Stock gapping up +$4 I like to see some sort of short squeeze at open to $67-$69 area then watch for topping then look for some gap fill profit taking to $63.50-$64 and under, if this begins to sell off and pull at the open let it flush out to those numbers then bottom curl it then go long for an all day slow move to the upside
10) $OLED Earnings Beat (89.85)
Stock Gapping up +$15 I would actually take a few short at $105 area room to $108 (wide stops) then look to gap fill this 3-5pts or more to the downside this should get some serious profit taking to kick in, this is up A LOT!!!! I would love to see this hit $95 or under on a fade or profit taking but would need to start small then as the trade develops nail the downside
$NBIX BofA Tags a BUY rating with $70PT (53.63) Gaping up +$2 pts WOW! I like to see small pop at open to $56.50-$58 area at the open scale in SHORT gap fill it back to $54.50 or under then go long. If this pulls at open to same area then scale in long. NBIX always tends to gill their upgrade gaps.
$SHAK Earnings Mixed (33.12) Gaping +$2 I like to short anything at $35 level and add on pops to $37 think this gives back and gap fills back to $33 or under area then we go LONG for all day slow move to the upside, if this pulls to $33 and under then look for bottom curl then go long on it,
$IBM MavericNeo : IBM Swing short PT 140, Buffet stake sale, negative comments from Cramer as well