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Pre Market Game Plan by AJ – 6/12/17

1) $XBIT nice rebound from Friday’s pull to $2.77 (3.20)
Stock gapping up +.60 I like to see this rebound toward the $4.50-$5 area before selling off, if this pops let it run on short covering try $4.50-$5 before shorting it, if this pulls at open again back top $3.20 or under scale in a few LONG and look for a nice 1pt rebound on it

2) $GTXI presenting Phase 2 Data (3.09)
Stock gapping up +.35 I like to see this pop at open possibly to $4+ then look for topping on it then look for this to be an all day slow fader back to lows all they are doing is presenting and this gap up will be sold off after any initial pop so SHORT sellers look for this to pop and fade
3) $CHRS down significant on CRL letter (20.65)
Stock gapping down -$6 2 ways this pulls hard at open to $12 and under and we scale in LONG and play a nice 2 point bounce on it, or this slowly pops at open take a few LONG now at $14,25 looking for room to $16+ on it before fading off. Lets see if it pops out of the gate.
4) $GE CEO Change (27.94) This is good for the company and long over do
Stock gapping up +$1 I would consider buying at $28.80 area with room to add on any pullback I think this thing can get going with a potential move to $30. Any pull at open look to get in their LONG its rare we trade GE but this news is long over due and I think we will see fresh investors take notice and pick some up, also watch for afternoon upgrades on it through out the day
5) ****$QIWI possible buyout chatter on stock for $28 a share (25.53)
Stock gapping up +$3 would take some short here at $26.75 room to add at the open look for this to do a quick gap fill to $24-$24.50 and under should be fun for some quick money right outta of the gate. I DO NOT SEE THE STORY ON ANY WIRE SERVICES I USES, DAVE TRADER SHOWS IT, HOWEVER I THINK STORY MIGHT BE BOGUS SO I WILL BE EYEING THE GAP FILL, LETS SEE HOW TI OPENS
6) ********$CRUS Gaping down on $AAPL downgrade (67.30)
Stock gapping down -$2.20 would take a few LONG here at $65 add on any dip at open to $63 look for this to gap fill back to $66-$66.75 area then watch it top off and then look to fade it all day back to pre-market lows. Should be fun today
7) $AAOI Gaping down on Market being down some and AAPL downgrades (64.71)
Stock gapping down -$2.20 I like to see this pop at open on sort covering to $64.50-$65+ then look for a 2pt pullback on it then look to scale in long and play a nice slow all day move to the upside. if this pulls at open hard to $60-$61 area look to go long on a nice slow bounce for 2-3pts to the upside
8) $LITE Needham raises the PT from $56 to $80PT (60.50)
Stock gapping down -.70 would try and grab a few LONG here at $59.85 area look to add on any dip at open to $57.50 area carry a nice average stock should make a nice move thru $62-$63 on this PT increase. Pretty significant almost +$25 a share
9) $SHOP Gapping down on Market Conditions (91.45)
Stock gapping down -$2 I would take some long here at $89 area room to add on any pull back USE WIDE RANGE stock hit $86 area this morning, look for this to pop at open back to $90.50-$91 before fading back some, if this pulls hard at open to $86 area again this morning look to go long on it and play the nice bounce on it
10) $NVDA another day in on it after the Citron $130PT (149.60) didn’t see ANY defenses this morning quite unusual
Stock gapping down -$4 I like to see this pop at open some to $149-$151 if it does then look for some topping on it then look for a nice 2-3pt pullback on it and see if it starts heading lower towards $142 area again, if this pulls at open to that area look to play a nice 4-5pt bounce on it. Missed the drop to $144 this morning but definitely will be in play
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Notable Calls:

$TROV signs an agreement on AZN to provide urine Test and services (1.09) Like the news on it, cheap stock would consider taking a few at $1.09 with room to add this will need volume and a nice pop to get going, if not then look for small pop then scale in and fade it all day back to $.85 cents or lower. News is great but will need volume to pop it and flag and run

$TECK BofA Tags a Neutral rating but cuts the PT big from $27 to $19 OUCH! (18.14) Any pop at open to $17.80+ scale in SHORT once this tops out look for an all day fader on it, If this pulls hard at open to $16 area or under play a nice 1-1.5pt bounce on it

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