Updates

A leader is built by the profits of his followers

Pre Market Game Plan by AJ – 7/6/17

1)  $IMGN  RBC Capital Tags a BUY rating and increases PT from $5 to “$12” (7.30)
Stock gapping up +.20 I like the call would take some here at $7.60 area room to add on any dip LONG look for a nice move to $8.50-$9 on this call today. Should be fun

2) $GLYC  issued a “Intention” to grant letter for patent (11.26) Stupid stupid stupid
Stock gapping up +.40 SHORTERS in here this crap is for you any pop at open on SHEEP chasing this to potentially $12 spot scale in SHORT and look for an all day fader on it. This news doesn’t get any stupider then “Intention”  Yes, I intend to go to work today

3) $ZUMZ  Reports better comp sales (12.25)
Stock gapping up +.60 I would like to see this pop at open thru $13-$13.50 if possible then look for a nice gap fill pullback to $12.40 and under then look for a bottom curl then go LONG if this pulls at open to same area then look to go LONG for an all day slow move to the upside

4) $MZOR raises guidance (35.79)
Stock gapping up +$3 I like this to scale in SHORT a few here at $38.15 area room to $39.50 at the open look for this to gap fill back to $36.25 area or lower then look for bottom curl on profit taking then go long, Higher this pops at open better the short for a nice profit taking gap fill for us. Stock has range should be fun

5) $LB  Reports lower Comparable sales from previously guided (54.11) Horrible wording and warning could get gutted today
Stock gapping down -$5 2 ways this pulls hard at open to $47-$48 area and we play a nice short covering 3pt bounce on it then re short it or this pops at open to $51.50-$52.50 on short covering squeeze then watch for topping then look to scale in SHORT for an all day bleeder on it. This should be fun today, just wait for it to show you what it wants to do then we will nail it

6) $AAOI  My favorite PayCheck Stock (60.62) This will be a Blue Light Special today Shoppers
Stock gapping down -$1 typically when market gaps down this will do a small pop at open then look for a fade on it, I wouldn’t be surprised if this hits as low as $57 on it, BUT….IF it does LOCK and LOAD LONG do NOT do NOT do NOT be afraid if this pulls down more its down better for us to make money on the upside. I green day in the market back to $64 she goes

7) $BGNE  CELG Collaboration (52.27)
Stock gapping up +$11 I love the news, BUT I would actually fade this on ANY aggressive pop at the open. Remember no drug discoveries and NO FDA approvals on anything, this is purely up on upfront payment of 263mil keep in mind most investors will like to cash out on any collaboration I will be eyeing the short side of this the minute lower lows set in. Prefer $63 start to $65 then fade it

8) $MLHR  Increases dividend (30.85)
Stock gapping up +$2.50 I like to see this pop a little more at the open towards $33.50-$35 area then look to scale in SHORT and fade it back. MHLR tends to fill their gaps on any earnings beat, so I will be eyeing the pop and fade, if this pulls and dumps at open to $31.25 and under then I would scale in LONG for an all day slow move to the upside on it

9) $AZZ  disappoint earnings and guidance (56.25)
Stock gapping down -$6 I would actually take a few long starter here at $50.80 with room to add (if you can stomach) to $49 area look for this to short cover bounce to $52-$53+ at the open before looking to top it and re fade it back to lows, More this pulls at open better the short covering stock has range so lets take advantage of this 6 points being down

10) $YUMC  Missed as predicted (40.13)
Stock gapping down -$4 LOVE it predicted last night this would happen. I would take a few LONG here at $36 with room to $35 area at the open looking for a $37.50-$39 area on short covering pop then look to fade it all day. If this pulls at open hard I will be eyeing a nice 2-3pt bounce on it

___________________________________________________________________________________________________________
Notable Calls:

$TSLA  Citron Mention after hours (327.09_ Stock down -$10 pts watch for some pop at open to #324+ area then look to get in and possible all day fader with todays tape being red. Wait for it to set up at the open

Back to top