Updates

A leader is built by the profits of his followers

Pre Market Game Plan by AJ – 6/29/17

1) $SPEX Crazy Stock gapping up hit $4.75 Pre-Market (1.91) Former Runner
Stock gapping up +1.65 This is up crazy but Small cap traders are dying out their, Watch for an aggressive pop at open possible to $4-$4.25 then look for a decent sell off to $2.15 and under, the more it pulls if it does watch that bottom curl then flag and then we nail it, this has volume Traders so this can move, I will be on it all day
2) $FRED gaping down on RAD/WBA News (12.32)
Stock gapping down -$3 I would actually take some LONG here at $9.50 area with room to add at open towards $8.50 think this has a slow mover to $10.50-$11 to close, more it pulls at open if it does to me this will short cover gap fill back to the $10.50-$11 area If this pops at open to that area take your money watch for topping then possible all day short on it
3) $GEMP announce top line data phase 2b (12.27)
Stock gapping up +$1 I would short any solid pop at open towards $14 and look for a slow fader gap fill back to $12.50 and under if this pulls at open to $12.50 area and under would consider going LONG on it for an all day slow move to the upside, BUT I would prefer to short any pop at open and gap fill
4) $VRX Continued Strength also FDA accepted the New Drug application for NER1006 (17.15)
Stock gapping up +.90 This is none stops since Paulson was added to the board congratulations to Spartan on his call to o/n swing it. I would watch for pop at open to $18.10 area would scale in SHORT look for a gap to get filled and sell off back to $17.50 and under if it comes then look to go long for all day slow move to the upside, starting to see some analyst u/g PT to $23-$27 on this, this, this morning
5) $PIR Another disastrousĀ Earnings Play (5.38)
Stock gapping down -.70 if this pops at open to $5+ scale in SHORT for all day fader, if this pulls at open to $4.25 and under go LONG and play the stock to $4.90 to close, bigger the pull at open more the range to the upside on it for us
6) $YY China “MAY” soon put some video restrictions on content (58.45) LOL “May”
Stock gapping down -$3.50 I would actually buy a few at $54.70 area room to add on any pull at open to $52 then look for a nice 3-4pt gap fill back to $57.50+ more it pulls at open if it does better the rebound. But if this slow pops at open take it back to $57.50+
7) $LULU Director buys 100k worth (56.16)
Stock gapping up +$1 Short this gap up and any pop at open take a few now at $57.20 add on any pop at open to $58 then look for a gap fill to $56.50 and under then scale in LONG for slow move back to premarket highs.
8) $JPM Gaping up on CCAR results (89.92)
Stock gapping up +$3 I would consider taking a few SHORT here at $92.50 room to $94+ at the open then look for this to gap fill back to $90.50 and under Banks tend to fill their gaps before legging up so watch for topping on it then look to fade this gap up

9) $C Gaping up on CCAR results (65.18)
Stock gapping up +$2.50 would lean into this SHORT at $67.65 area with room to $69 at the open look to gap fill this back to $65.70 area and under before going long on another leg up. Banks tend to fill their gaps before legging up, higher it pops at open better the gap fill

10) $WBA RAD they both terminate agreement (77.09)
Stock Gaping up +$4.50 I would look to lean into this SHORT at $82 area room to $84 at the open if it comes then look for slow fader to $79-$80 or under, higher it pops on short squeeze at the open better the gap fill for us on the downside

___________________________________________________________________________________________________________
Notable Calls:

#IPO $APRN Priced 30mil at $10 If they can open with 3-4mil at $12 and under I think we get a $15 pop and close on it, we will need to see how it opens but the closer they keep this to $10 the more they can fill and create a little more excitement
$SRPT New President/CEO (33.86) Gaping up +$1.35 I would short this gap up here at $35.30 area add on any pop at open to $36 if it comes and gap full this back to $34 and under then look to scale in LONG on it once gap is filled

Back to top