Pre Market Game Plan by AJ – 12/6/17
1) $OSTK Blind Trade for quick money and go back to bed 6 days in a row we do the same thing (45.85)
Stock Gaping up +$1.75 Scale in SHORT around $47.40 area room to $48+ at the open then look for the standard sell off and pull back on it to $45.50 just like yesterday and the day before and the day before and the day before…Get the picture
2) $DPW Bitcoin thru 12,000 DPW MARA all gaping up (3.66)
Stock Gaping up +.80 I would love to see small pop at open followed by a nice sell off like yesterday to $3.80 and under then look for bottom curl and I would love to break $4.20 for a solid move to $5 plus. Wait for this to set up like yesterday.
3) $FRED As promised Horrific Numbers cut dividend (5.09) Told you all yesterday before the close they would miss and miss big!
Stock gaping down -$1.10 I would pick up a few long at $4 and under give it a little room, I think shorts will try and cover this at the open to $4.40+ if possible before going in and shorting again for an all day fader this should do what $FRAN did yesterday
4) $VRA Earnings Beat (8.64)
Stock gaping up +1 This is our $LE for today, so watch for a quick pop at open thru $10.50+ if it comes then look to scale in SHORT and gap fill this back to $9 and under then watch for bottom curl on it then look to go long back to highs, should just pop fade and curl
5) $CLNT to acquire 51% interest om the issued BH (5.31)
Stock gaping up +$5 Really……Most of us missed the 11 spot on the short this morning, To me at this point at $9-$9.50 if this pops again on SHORT squeeze scale in SHORT and ride this all the way down to $6.25 and less. A lot of bag holders so I would be eyeing the SHORT side of this stupid gap up
6) $TROX Challenging FTC on the Merger (25.53)
Stock gaping down -$5 would be buying the $20.10 level and add on dips, I think this $20 is a gift and I think this weakness will me bought up. Looking for this to hit $22+ at the opening on short covering squeeze If this pulls at open to $19 or under I would add.
7) $NVO BofA Tags a BUY rating from Neutral “Blind Trade” (50.70)
Stock Gaping up +$2.00 I would lean into this SHORT at $52.40+ level then look to add if this pops to $53.50+ then look for the nice pullback on it on the gap fill back to $51 and under then look to go LONG back to $52-$53
8) AVAV Earnings Beat (43.25)
Stock gaping up +$10 I would lean into this short at $53 area room to $55 at the open and look for this to sell off 3-5points on profit taking I like the beat, but to me the stock is up way too high here. think we see $47 and under on it before legging up
9) $VEEV Earnings Miss (57.77)
Stock gaping down -$3 I would like to see this pop at open thru $56+ on it fil some gap on profit taking then look for topping on it then look for an all day fader, more this pops better the short think we see $53 and under on it, if this pulls really hard at the open would take a few at $52-$53 play the quick bounce on it then look to go short
10) $FSLR Positive speech on Investor Day Mutiple upgrades all thru $72-$77 PT (61.21)
Stock gaping up +$1.20 would love for this to pop at open possibly to $64 or more at the open then look for a decent pullback on it for 2pts or more then bottom curl it then go long, if this pulls at open and gap fills right away go long.
$EIX Buying the weakness down here at $66.60 will add on dips if they come and will hold I feel once the fires are out ands settled this should go right back up imo. I will be patient and add on dips. I will give it range as well. (70.00) if this hits $70-$71 i WILL BE OUT