Pre Market Game Plan by AJ – 6/9/17
1) $ADHD Potential Buyout rumor (1.13) Ha…lol this is up because small cap rooms have nothing to play, so lets milk it
Stock gapping up +.30 would actually take a few here at $1.37 see if we get a sheep chase thru $1.75-$2 at open then look for shorts to come in and bring this BS rumor back down to earth. I like the 500K++ volume, for a pig in play this is good volume to start
2) $INO Cramer Pump CEO on last night (8.19)
Stock gapping up +.28 I would like to see this pop to $9 at open at open then pullback, gap fill to $8.15 area and under then look for a nice all day slow move possibly thru $9+ lets see how it pulls back before going long on it.
3) $P Sirus buys $450mil worth of stock investment plus replace 3 board members (8.42)
Stock gapping down -.30 would take some at $8.20 area add on dips if they come look for possible slow move to $9 at the open followed by a decent pullback then look to go long on it. More it pulls at open if it does look for that $8.20 and under bottom for a nice long
4) $ENDP FDA requests removal of Opana ER (13.78)
Stock gapping down -$2 I like to see this pop a little at open on short squeeze and gap fill to $13+ then followed by a pull or slow all day sell off back to lows, lets see if it pops then lower lows set in for a nice fader on it. Should be fun if it sets up for the downside short
5) $CLDR Earnings Mixed (22.99)
Stock gapping down -$3 2 ways this pulls hard at open to $19 and under we scale in on bottom curl then go long for a nice 1-2pt bounce, or this pops at open and short covers and fills some gap to $21.25+ then we look for a nice slow all day fader back to lows.
6) $LXRX Phase 3 Positive Data (15.36)
Stock gapping down -.20 cents I would take a few here at $15.10 area and see if we get a decent pop on this then look for this to fade off its disappointing to see this reaction on it, so I think any pop will be short lived and profit takers will try and drive this back down. Lets see how it sets up for us today.
7) $DISH Gaping up on AMZN Chatter (63.97) Really??? Really?
Stock gapping up +$1.50 I would actually scale in some SHORT here at $65.40+ area look for any pop at open to $67 if it comes have a nice average and look for this to fade off back to $64 and under. Stock has range and my attention it it.
8) $CWH Goldman upgrades the stock from Neutral to BUY with $34PT (28.00)
Stock gapping up +$1 I like to see this small pop at open to $29.25-$29.50 if it comes, scale in SHORT gap fill it back to $28 and under then go long, if this pulls right at open (which I hope it does) then look to pull it to $28 and under then go LONG for a slow all day move to the upside
9) $ADBE BOM upgrades the stock issues a $160PT (142.63)
Stock gapping up +$1 would take a few here at $143.50 area add on dips at the open if they come look for a nice slow move today to $145-$146 on this upgrade, market is up this is gapped up think this has room
10) $NVDA Argus upgrades the stock to BUY issues a $175PT BofA raised to $185 on it (159.94)
Stock Gapping up +$5.50 like yesterday I would take a few here SHORT at $164 room to add at open to $166 then look for this to gap fill to $161 and under then look to scale in long for a nice slow all day move to the upside back to pre-market highs
$ATU Earnings Miss (27.20) Gaping down thin -$1.50 I like to see this pop at open to $26.75+++ then look to scale in SHORT for an all day fader on it, if this pulls hard at open to $24.50 area and under go LONG for a nice all day slow move to the upside for 1-1.5 pts
$TECK BofA Tags a Neutral rating but cuts the PT big from $27 to $19 OUCH! (18.14) Any pop at open to $17.80+ scale in SHORT once this tops out look for an all day fader on it, If this pulls hard at open to $16 area or under play a nice 1-1.5 pt bounce on it