Pre Market Game Plan by AJ – 6/5/17
1) $DVAX Positive Data in Patients with melanoma (5.90)
Stock gapping up +$1.50 I would like to see this pop more at open possibly thru $8+ then look for some topping to set in and look for a nice profit taking fade to $6.35 and under, I believe their will be some serious profit taking on this today so watch for the SHORT side of this
2) $CLSN Presenting positive Data in the conference (2.66)
Stock gapping up +$1.00 I like to see this pop even more possibly thru +$4.25 at the open on sheep chasing watch for topping on it then lean in a few and fade this back to $2.80-$2.90 Let it run at the open just keep an eye on the topping and watch thee profit takes kick in and start selling off
3) $TGTX Positive Phase 3 met Primary Endpoint Jefferies Tags a $23PT (13.85)
Stock gapping up +$2 I would love to see this pop some at the open possibly thru $17 then look for profit taking to kick in and let this come down on some gap fill to $14.50 or under then scale in a few on bottom curl then go long, if this pulls at the open to same area then scale in a few LONG at $14.50 with room to add to $13.80, This should have a good day in this today.
4) $YELP BofA Tags a BUY rating with $37PT (28.79)
Stock gapping up +$.80 I would take a few long here at $29.50 have room to $28.80 area then look for the bottom curl off the small sell off and look for this to have a decent day on it to $30+
5) $GIMO planning to engage in talks with potential acquirers (39.30)
Stock gapping up +$4 I would like to see this actually small pop at open watch for topping around $45 then look to scale in SHORT and gap fill this back down to $40.50-$41 and under, if this begins to pull at open look for the gap to get filled at $40 and under then go LONG off the bottom should be fun
6) $CYOU Earnings Beat (38.15)
Stock gapping up +$1 I like to see this have a good day in the stock thru $40 so any pullback at the open to $38.50 and under look to go LONG on it, if this pops at open to $40-$41++ watch for topping on it then look to scale in SHORT and gap fill it back for a few points
7) $BLUE Positive Data (84.15)
Stock gapping up +$6 I would actually take a few SHORT at $90 with room to add at the open could squeeze to $94+ so be careful on your size but I would like to see this come back on profit taking to $85.50 area or under then look to go long on it, if it pulls to same area at the open then look to long it on the pullback
8) $PBYI Positive Data at the conference (81.95)
Stock gapping up +$25 SHORT was at $100 and below look for a $90 and under pullback on profit taking then look to go long, (I personally took 250 shares at $99.50 fill) If this dumps at open to $85 and under watch for bottom curl then go long on it, if this pops back thru $100 on it watch for topping then look to re-short it again use wide range and watch for size
9) ********$LOXO Showing significant positive treatment in TRK fusion (48.98) Multiple PT I see up to $73-$86 with Citi
Stock gapping up +$25 I would look to let this pop at open on short squeeze to possibly $77-$80 watch the topping scale in short and gap fill it back down to $60-$65 and under. This is a WIDE RANGE Play but I do think this will give us back 10-12pts once the sell off begins and profit takers start getting in their.
10) $SINA Gaping down on shares bought by First Trust advisor (96.50)
Stock Gapping down -$5.50 would take some at $91 add on dips then look for a nice gap fill move back to $96 doesn’t make any sense for this to be down, so I would just assume this gap will be filled right back up, so watch for it.
$EBAY Credit Suisse Tags a BUY rating with $44PT (35.32) Just wait for the standard pop at open followed by a nice gap fill to $35.50 and under then scale in LONG for a nice all day slow move to $37-$38 on it.
$JUNO Presenting today whipsaw action (26.21) Gaping up +.75 hit 29+ earlier see if this gets a small pop at open then scale in a few LONG for a slow all day move to the upside, if this pulls at open to $25 and under watch for bottom curl then look to go long on it.