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Pre Market Game Plan by AJ – 6/8/17

1) $NXTD PR on its integration with Visa Token Service (1.41)
Stock gapping up +.20 I see this more as a potential pop and SHORT fade with size, I like the PR and its a former runner so I would like to see if sheep chase this at open to $2 and then it should just end up topping and an all day fader on it
2) $NLNK Roche to return rights to IDO inhibitor (10.62)
Stock gapping down -$3.20 I would actual wait to see if this pops thru $7.75+ if it does then look for possible move to $8.50-$9 on short covering, if this pulls hard at open to $$6.50 or under wait for bottom curl then go long for +$1-$1.5pts
3) $URBN Negative comparable Sales in 10Q (18.23)
Stock gapping down -$2.75 I would like to nibble a few LONG at $16 with room to $15 at open looking for a short covering to $17+ at the open before it beginning to fade again. With JWN news this could end up back thru $17+ quick so keep an eye
4) $JUNO BTIG has a SELL rating with $12PT (23.73)
Stock gapping down -$1.25 I would actually look for this to pop a little at open to $23+ scale in SHORT and look for this to have an all day bleeder on it to $20-$21 this is a very aggressive PT with the stock gaping down -$1. I think this will do even more to the downside today
5) $BZUN gaping up on $BABA headlines (22.78)
Stock gapping up +$3.10 I would consider taking a few SHORT here at $25.20 with room to add at open to $27 area and look for this to gap fill back to $23.50 and under. I think this will sell off on profit taking at open after initial pop so look for this to gap fill some if this dumps at open to same area then scale in LONG on it for an all day slow move back to highs
6) $JD Gaping up on BABA News (41.18) ALWAYS ALWAYS ALWAYS ALWAYS fills their gaps
Stock gapping up +$2.10 I would love to take a few here SHORT at $43.35 area with room to $45 at open watch for topping then look for this to fill a nice gap back to $41.50 area and under
7) $MZOR Israeli Security Raided offices (37.37)
Stock gapping down -$3.10 I would actually grab a few LONG here at $34.50 room to $33 at open, look for bottom curl on it, I think this rebounds back at open to $36.50-$37 at the open. More it pulls at the open if it does better the gap fill and short covering for us
8) $JWN gaping up on idea of taking themselves Private (40.48)
Stock gapping up +$7 I would actually consider taking a few short at $49.80 area with room to $51 at open look for this to top off and then possible nice fader on it back to $45 and under. I personally think this is bogus news and its manufactured to help some investors buried in the stock and need to get out, so look for this to possibly gap fill. USE wide range if trading it
9) $BABA guides higher (125.64)
Stock gapping up +$17pts I like to see small squeeze at open to $145-$147 then watch for topping on it, then look to gap fill this back to $135 and under, this is great news for BABA but I think investors will want to cash out on this move so look for this to sell off after initial pop at open
10) $NVDA Citi has a BUY rating raised PT to $180 with bullish scenario to $300 (149.12)
Stock Gapping up +$5.50 would take a few SHORT here at $154.35 area room to $156+ at open look for this to sell off on profit taking to $150-$151 then watch for bottom curl then go long on it for new highs, if this pulls hard at open then short cover it then look for that bottom curl. (just be careful on the potential squeeze this upgrade caught a lot of shorts off guard)

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Notable Calls:

$DRWI granted continued listing (1.11) Stock gaping up +.35 stock may actually pop some at open on this, but again I think this is more of a SHORT on it so any pop at open aggressive I would lean into it on topping and look for an all day fade on it

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