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Pre Market Game Plan by AJ – 6/26/17

1)  $FGEN   Cit tags a TOP pick on this stock with $48PT (32.25)
Stock gapping up +$3 I would take some here short at $35.50 room to add on any pop at open towards $36-$37 look for this to gap fill quickly to $33 and under, then scale in LONG for an all day slow move to the upside. Should be fun quick money on the gap fill then all day long

2) $VRX  Gapping up on continued strength (15.80)
Stock gapping up +$.50 I would like this to gap fill first back to $15.80 area so watch for any pull at open on the gap fill, then look for bottom curl, then slow move to the upside. Should be fun as it works towards $17

3) $COOL  Gapping up on market being up (27.92)
Stock gapping up +$1.70 I would actually scale in SHORT here at $29.50 room to $31 and then look for this to gap fill back to $28 and under so watch for the pull on it then look to go LONG on bottom curl back thru $30+ should be fun higher the pop better the nice gap fill points on it

4) $STOR  Hathaway bought 377million in stock (9.8%) (20.77)
Stock gapping up +$2.40 I would consider scaling in short $23 area room to add on ANY pop at open towards $24+ then look for topping on this, this should be a slow all day bleeder back to gap fill. Higher it pops at open better the fade, however if this pulls hard at open to $21.20 or under scale in a few LONG for all day slow move to the upside, this is a large investment from a great investor

5) $SSYS  Goldman Sachs Tags a sell rating with $20PT (27.61)
Stock gapping down -$1.10 I would consider taking a few SHORT here at $26.50 room to add on any pop at open then look for this to have a slow all day fade to $25 and under, if this pulls at open to $25 and under play the nice 2 point bounce on it then look for a fade on it

6) $AMAG  FDA filing and reaffirms guidance (18.35)
Stock gapping down -$1.35 I would take a few LONG here at $17 with room to add on any pullback then look for this to gap fill back to $18 and under before fading, if this fades hard at open look for a nice pull to $15 and under then scale in LONG for an all day slow move to the upside

7) $SGEN Mixed results on Clinical Trial (61.74) NOTE this was up to $70 in Pre-Market
Stock gapping down -$6 I would nibble a few here LONG at $55.50 with room to $53 wide range I think we get a decent bounce on this back to $57+ be very careful with this. In the end I think we get that $58-$59 but if this pulls hard expect $52-$53 as bottom so use that wide range as a guide and keep size small for now

8) $PTLA  Citi Tags a BUY rating and ups the PT to $78 from $51 (56.06)
Stock gapping up +$2.50 I would take a few SHORT here at $58.80 room to $60 pop at the open look to gap fill this back to $56.70 and under then look for bottom curl, then slow move back to highs. I like the call, higher it pops better the short for us on the downside to fill the gap so don’t get too afraid if it runs a little at open gap will need to be filled before legging up

9) $AAOI  Gapping down on No news (65.87)
Stock gapping down -$2.30 I like to see this pop at open quick to $65-$66 area, then watch for topping, then scale in SHORT pull it back to $63 area or lower then scale in LONG for an all day slow move back to highs. Stock has range, so should be fun

10) $GRUB  Gapping down on Morgan Stanley downgrade with $43PT (47.70)
Stock gapping down -$2 I would wait for this to pop at open maybe take a few LONG here at $45 gap fill it to $46.50+ then look for topping on it and then fade it all day to lows, if this pulls hard at open to $43-$44 play a nice 2-3pt bounce on it then short it

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