Pre Market Game Plan by AJ – 7/31/17
1) $MYO Obtained CE Approval for commercial sale in Europe (8.80) Former runner
Stock gapping up +.1.20 I like this news, I went ahead and took a small amount at $10.50 LONG I will give this some room and add if it pulls to $9 at open, I like the news and the last time this squeezed to $20+ it didn’t have news like this, so I will test it and see if we get a decent run on it. We will see. Worth a try on a Monday morning
2) $DVAX FDA Vote on Friday 12 to 1 in favor (9.25) 2 upgrades $27 JPM $26 RBC (17.55)
Stock gapping up +$8 2 ways this pops at open on short squeeze we see $20 again before we see some topping and short it, if this pulls at open I think it will be small and quick then the pop will come on short squeeze. If it pops and lower lows immediately set in then fade this all the way back to $12.50-$13.50 or under. Lets see how it reacts at the open before signing in
3) **********$HTZ Barclays comes out with a HUGE downgrade to sell with a PT of $9 (16.25) OUCH!!!
Stock gapping down -$1 I would like to see this pop some at open (if you take short here at $16.25 have room to $17 at open risk the .75) I think this will get hurt and we see possibly $14-$15 on this down grade and price target
4) $RDFN Friday’s IPO this should have a nice day in it (21.70)
Stock gapping up +$.75 I like to see this poop more at open towards $23+ then look for a nice gap fill sell off pullback possiblyy to $21 and under then look to bounce it for 1-2pts if this pulls hard at open let it flush to $21 and under then we go LONG on it should be fun
5) $EDIT Gapping up on no news that I can locate (17.14)
Stock gapping up +$1 I would actually take a few SHORT at $18.20 room to $18.75 at open then look to gap fill this quick back to $17.25 and under, if this pulls at open hard to $17.25 then look to go LONG for an all day slow move to the upside
6) $MO 2 downgrades this morning Stifel $72PT and RBC $62 (66.94)
Stock gapping down -$2 I would actually buy a few here at $65 level and look to gap fill this back towards $67 area if it comes then look to do an all day fader on it, if this pulls hard at open watch the $62 level then look to go LONG on it and play a nice gap fill pop
7) $BTI gaping down on $MO downgrades (64.93)
Stock gapping down -$2.50 I would like to go LONG a few at $62 level see if we get a nice pop back thru $63.50-$64 watch for topping then possibly all day fade, if this pulls hard under $60 a share look to lean in a few LONG then take it back +2-3pts
8) $SOHU Earnings Beat (50.85) Shorts hard to locate
Stock gapping up +5 I like to see this pop at open like $BIDU did on Friday and look for this to run towards $60 if this pulls at all on profit taking at open look for $52.50 or under then look to go LONG on it.
9) $CYOU Earnings Miss (42.98) was gaping up $45.97 in Pre-Market something to keep a note of
Stock gapping down -$1 look for a small pop at open if it comes on short covering to $43-$44 at the open then look to fade it back to lows, higher it pops at open better then sell off, if this at all pulls hard at open look for the $40 level and under to bounce it.
10) $ICPT Earnings Beat but selling off (135.03)
Stock Gaping down -$10 would like to see a sell off to $120 and under then scale in long and try and get this back to $125-$127 area think this sell off is a little over done
$ETRM received approval from Ministry of Health (4.47) former runner, needs volume if you can get some on it potential pop to $5+ then possibly fade off think the news is fluff imo
$CYTR .82 gaping up +.10 possible push at the open look for possible move to $1.10-$1.25 then small pull back then possible move even higher, lets see how much it pops at open then look for the pull
$DDS Gaping up +$5 I would lean into this short at $83 room to add at open look to fade it back to $80 and under then look to go LONG on it.