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Pre Market Game Plan by AJ – 6/13/17

1) $PSDV Phase 3 positive Data (2.08) LONG a few at $1.90 fill risk to $1.70
Stock gapping down -.15 This should be up already significant imo but unfortunately a lot of bagholders on the stock have been waiting for this, I’m willing to risk .20 cents on this to see if this can make a nice move at the open and fly outta of the gate. I like to see $2.50-$3 on this with volume. So I will see how this plays out. Great News decent volume but disappointing chart at the moment

2) $GTXI I think we have 1 more day in this today (6.15)
Stock gapping down -.35 would take a few here at $5.80 with room to $5.50 stops at $5.40 I like to see this pop outta of the gate and have continuation on it, they need another day on this to get a decent ATM so I think we get some fun on it today. Lets see if it pops and runs if not then we will short this back to $5 area and under
3) $XLRN disappointing Phase 2 (28.23)
Stock gapping down -$2 2 ways to attack this, this pulls hard at open to $24 and under and we nail a nice LONG on it and bounce it, if this pops at open to $27.50 consider scaling in a few and do a quick 2pt short before we get a decent curl on it. Few outfits saying stock should be bought on weakness today, so if we get a nice sell off at the open I’m LONG
4) $AAOI Gapping up on Market being up (64.61)
Stock gapping up +$2 would take some SHORT at $66.40 area add on any pop outta of the gate towards $67.50+ look for a nice quick snap on it for 2 pts on the pullback then look to go LONG on it for a nice all day run towards $69-$70 today.
5) ******$DATA Golldman Sachs ups to BUY from Neutral BUT tags a $78PT from $59 (significant)
Stock gapping up +$2.50 would take a few here SHORT at $62.70 area with room to $64 at the open then look for this to have a nice gap fill quick snap to $60.70 or under then bottom curl it then go long on it. I like this to have a nice run for a few days towards $65-$66 but lets wait for the standard pop, gap fill then go long on it. Should be fun today

6) ********$CLVS Leernik out with a BUY rating with $85PT w/potential take over at $126 if Data comes positive (60.09)
Stock gapping up $2.10 I like the call, but I need this to pop quick at open then short it and gap fill it back to $60.50 and under then take a few LONG for an all day slow move to $63-$64 on it, higher it pops at the open better the SHORT pullback on it
7) ********************************$VSAT Dave The Trader thinks this could be Kerrisdale SHORT for today with $35PT (71.63)
Stock gapping down -$2.20 I would take some short HERE at $70.50!!!! with room to $72 at the open use wide range and look for this to have a nice 5-10pt downside move on it. This should be fun IF it does come out that they are short. Watch for quick pop at open for better entries but this is a $70 stock with to me has room. So watch for this to be fun today
8) $CAKE Guides Lower (58.33)
Stock gapping down -$5 I would like to see this open around $55+ at the open then look to scale in SHORT for an all day fader on it, if this pulls hard at open to 50.50 or under grab a few long and look for this to give you 2-4pts on a nice bounce. This is down quite a bit so should be fun for us
9) $SAIC misses and guides Lower (81.44)
Stock gapping down -$8 I like to see this pop some at the open to $75-$77 then watch for topping on it then look for a nice all day fader on it back to lows, if this yanks and pulls at open to $71 and under take a few long and look for this to bounce to $75 before end of day close
10) $NVDA Gapping up on Market being up (149.97)
Stock gapping up +$4 I would like to see this pop a little at open possibly to $155+ then scale in SHORT gap fill this back to $150.50-$151 area if it comes scale in a few LONG on it and look for a nice 4-5pt play to the upside. This gap up needs to be filled first then decent run to the upside should give us range today

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Notable Calls:

$OLED Gapping up on no news (116.95) Gapping up +$3 would take some short HERE at $119.70 room to add to $121 then look to gap fill this back to $117 and under then go long, higher this pops at open better the gap fill short to get filled then bottom curl it then go long
$WIX Gapping up on no news (70.55) Gapping up +$1.50 would take some SHORT here at $72 with room to $74 at open then look for this to fill the gap to $71 and under then look for a nice slow all day move back to highs, WIX has nice moves on it but needs to fill some gap first before moving today

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