Pre Market Game Plan by AJ – 7/28/17
1) $KOOL issues a Patent (3.44) Former Runner
Stock gapping up +.55 I like to see this get chased at the open towards $4 then watch for topping then look for a fader on it, I think the news is ok nothing to get too excited but do to lack of small cap plays think this pops out of the gate then fades
2) $IMGN Earnings Beat (6.09)
Stock gapping up .55 I like this to pop out of the gate a little more towards $7+ then watch for topping then slow fader gap fill back down all day, if this pulls at open to ^.20 and under look to go LONG on it for an all day slow move to the upside
3) $X Citi Tags a SELL rating with $20PT from $26 (25.00)
Stock gapping down -.75 would actually take a few here SHORT at $24.25 then add on any pop towards $25 at the open then look for a nice all day slow fade to $22.50-$23 on this downgrade
4) $GT Earnings Miss (35.58)
Stock gapping down -$3 I like to see this pull a little more at open to $31 range if it comes then look for a nice gap fill short covering bounce to $33.50-$34 then look for topping on it then look to short it for an all day fader, if this pops at open to same area then look to short it and fade it all day back to lows
5) $GIMO Earnings Beat (37.75)
Stock gapping up +$4 I like this to pop at open a little more towards $42-$43 then look to get in short and gap fill this back to $38.50 or lower, if this pulls at open and gap fills to $38.50 area then watch for bottom curl then go long on it for an all day slow move to the upside Let this set up for us, look for upgrades on it too today
6) $FSLR Earnings Beat (44.81)
Stock gapping up +$6 I would lean into this SHORT at $50 area and add on any pop out of the gat towards $52 then look to gap fill this back all the way to $46.50 or under on profit taking, I think many will cash out on this earnings so watch for the pull at open. Should be fun, more it pops if it does better for us on the SHORT side
7) $NUVA Earnings Miss (76.90)
Stock gapping down -$7.50 I like to see this have a small pull at open towards $68 and under then look for this to gap fill rebounce back to $72-$73 at the open then look to scale in SHORT for an all day fader on it, if this pulls at open hard to $66-$67 scale in LONG and play the bounce on it.
8) $ELLI Earnings Miss (109.90)
Stock gapping down -$28 took a few LONG at $83 with room to add on any pullback on it under $90 would be a buying opportunity if it comes looking for $90-$92+ at the open then sell right into the gap fill pop. This was a XMAS gift at $82 this morning.
9) $WDC Earnings Miss (91.90)
Stock gapping down -$4 I like to see this pull a little more at open to $85 and under if it comes then look for a nice slow bounce back towards $88+ into the close, I think the more this pulls at open if it does the bottom will come quick and we can go LONG, also if this pops and gap fills quick to $90+ then look to scale in SHORT
10) $BIDU Earnings Beat (201.00)
Stock Gaping up +$12 I would let this pop towards $215+ at the open then lean into it short and gap fill this back down 5-8 pts at the open higher it goes better the pull for us, if this pulls hard at open chase it for the 5-7 pts on the down side
$CYTR HUGE News with tons of incentives (.58) watch for a open to .80-$1 at the open then chase some let it run towards $1.50 possibly $2 then let it come back down on profit taking. This one will run believe me but we need to see the open before we go crazy on it.