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A leader is built by the profits of his followers

Pre Market Game Plan by AJ – 6/30/17

1) $DPW Reports backlog increased to $65 Million from $8 million a year ago (.48)
Stock gapping up +.25 Cheap stock could run thru $1+ before the open on these numbers would take a few at .65 add on dips if we get volume this could rip nice today. 65million Back log is pretty good for a cheap penny company like this
2) $SKLN Updates shareholders in a letter (1.31) FORMER RUNNER
Stock gapping up +.45 would take a few here at $1.70 room to add at open being Friday this could get going nice and pop thru $2-$2.25 at the open then look for a nice gap fill pullback on it around $1.60 and under then wait for bottom curl and see if this gets going again, lets see how it opens think Sheep chase this
3) $CARA Miss on Top Line Results (25.51)
Stock gapping down -$7 2 ways this pulls hard at open to $16.50-$17 watch bottom curl then scale in LONG or this pops at open thru $20-$21+ on short covering then look for this to top off then all day fader, seeing multiple d/g around $23 area but one to watch if this pops at open on the cover (Personally I like to see this pop at open on short covers)
4) $APRN Yesterdays IPO last day to play it (10.00)
Stock gapping up +.11 I would take a few here at $10.11 stops at $9.75 think this could have a small pop at open +.25 then slow move to $11 I like to see this have 1 more day in it before fading off to no where
5) $MU Earnings Beat (31.47)
Stock gapping up +$1 This should pop a little at open on some short squeeze to $32.60+ if it does watch for topping on it then gap fill it on profit taking back to $31.55 and under then go LONG on it, if this pulls or sells off at open then buy that dip and ride it back to pre-market highs
6) $RIO BofA last minutes tags a BUY rating from Underperform (41.84)
Stock gapping up +$1 Can’t find the PT however RIO tend to fill the gap first, but this is BofA so watch for a pop at open to $43+ then watch for topping then slow gap fill fade back to $42 and under then look to go LONG on it, if this pulls at open to $42 and under scale in a few LONG for an all day slow move to the upside
7) $HAIN Engaged Capital discloses 9.9% Stake in company (35.76)
Stock gapping up +$4.75 I would be taking some SHORT at $40 with room to add on ANY pop at open $HAIN tends to fill their gaps pretty aggressive so wouldn’t be surprised if this just pulls right at open, definitely stock has range and will keep en eye on it. If this pulls at open to $36 and under cover then go LONG for an all day slow move to the upside
8) $AAOI Gaping up told you all yesterday to buy on weakness below $59 wake up to money (60.00) Davidson Tags a BUY rating with $95PT
Stock gapping up +$3 I would scale in some short at $62.50 add on any pop at open to $64 look for this to gap fill to $61 and under take a few long on it for a nice slow move to $64-$65+ today
9) $NKE Beats on Earnings (53.17) Told all of you $NKE would beat and why before the close, most of you woke up to +$3pts
Stock gapping up +$3 I would scale in SHORT here at $56.50 area room to $58 at the open and gap fill this, NKE tends to fill their earnings gaps so look for this to gap fill back to $54.50 area or lower, higher any pop at open look for profit takes to get in and sell off this gap should be fun
10) $VRTX Gaping up on Leernik Comments of buyout or merger with $GILD (127.24)
Stock Gaping up +$4 I would take some short at $132 add on any aggressive pop at open to $135+ then look to gap fill this back to $128.50 or under then go LONG on it, if this pulls at open to same area then look to go LONG on it for an all day slow move to the upside
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Notable Calls:

$TNTR #IPO prices 8.6million at $7 If this opens with 1million or more at $$9 and below would consider taking a few long, closer it is to $7 should be a real great play for us. Lets see how it opens

$WUBA Downgraded at MS (44.40) Gaping down -$2 I would take some long here at $42.80 add on dips look for this to gap fill back to $43.50-$44 then all day short, if this pulls at open to $40-$1 play a nice 2-4pt bounce on it

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