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Pre Market Game Plan by AJ – 6/20/17

1)  $LPCN   met primary endpoints (4.02)
Stock gapping up +$1.18 I like to see this pop at open .40-.70 cents then look for a decent pullback on it back down to $4.50 or under, then watch for bottom curl and volume then go long, if this small pops at open then pull let it either set up for all day fader or quick pull on the bottom curl then go long

2) $NEOS  received FDA approval (9.00)
Stock gapping down -.45 I like to see this pop some at open then look for a shorts to come in and sell off the news on it today. Higher sheep chase it better the short for us. If this dumps hard at open to $8 an under play a nice .50-.80 cents bounce on it

3) $BLCM  continued strength today (12.90)
Stock gapping +$1.10 this morning, I would like to gap fill this back down to $13.10 and lower so any pull at the open I would consider going long on it and look for this to make a slow all day move back towards the $14 level. Should be fun once the trade sets up for us

4) $MYO  Looking for continued play, this should be the last day in it for us. (19.31)
Stock gapping up +$1.75 hit the $21 level this morning in Pre-Market. I would prefer this to pop at open and race back thru $21 if possible, then look for the nice pullback on it. I like to see this push down all the way to $16 and under. If this pulls hard at open to $16 and under look for that bottom curl then we can garb a few long for a nice 1-2pt bounce before this comes back down

5) $MNK  Interesting Note this morning from Jefferies on possible buyout target sees $60-$75 on it (43.64)
Stock gapping up +.80 I actually would take some here at $44.20 area with room to add at the open to $43.50 and under then look for a nice slow move possibly to $45.50-$46.50 on these notes. If this pulls hard at open to $43.50 and under go long and play the bounce on it

6) $LEN  Earnings Beat (52.74)
Stock gapping up +$2 I like to see this pop some at open to $55.50-$56+ area, watch for topping on it then look for this to come in and fade back down to $53 and under on profit taking, don’t think this gap up will hold too long, if this pulls at open hard and flushes back to $53 and under look to go long on it and play a nice 1-2pt bounce on it

7) $AAOI  Cowan stamps their reiterate button on it with $94PT (63.20)
Stock gapping up +.50 I would actually take some here at $63.75 long allow a decent pullback if it comes back to $62 and under and play a nice 3-5pt bounce on this. The fact its gapping up I’m more likely to see this move back thru $65++ today with these Cowan notes on the stock

8) $CLVS  Mutiple upgrades all above the $120+ Mark plus they did a small offering for only 250mil which is small (87.88)
Stock gapping up +$2 I would buy some long on any pullback due to the small amount of the offering, I think this continues to have strength in it and slow move to the $95-$100 mark just like BLUE did after their news, so watch any decent pullback as a buying opportunity so wait for thsi to set up for us before we scale in. If this pops aggressive at open great…let it rush then wait for pullback

9) $TSLA  another gap up on the stock today (369.80)
Stock gapping up +$15 I would consider buying any pullback at the open or sell off to $371 and under go LONG look for this to head back up to $385+ today. Great pullback in pre to $372 has already bounced so if this pops hard at open to $380+ and above scale in SHORT on it gap fill it back slow to $372 area or under then go long. I like this range today its already bounced nice. Lets get 1 for us

10) $CMG  Gapping down on issued slow guidance (458.91)
Stock gapping down -$18 I like this for a bounce so I would consider taking a few here long at $440 using wide range of 5pts if this pulls to $435 at the open look for this to bounce back for 10-14pts to the upside. More it pulls at open if it does better the bounce for us. If this pops at open then sell into it and if this gets to $450+ at open for +10 cash out and let it fade back for the day on it

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Notable Calls:

$GLPG  Provided some update for its RD Program (81.77) Gapping down -$2pts would actually buy some here at $79.50 room to add on any pullback at the open then look for this to pop back to $81+, then look for possible fader on it, just looking for quick money on this

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