Pre Market Game Plan by AJ – 8/11/17
1) $DRYS terminates contract with Kalani (2.05) This is what a lot of people have been waiting to have happen…NOW its here
Stock gaping up +$2 I like to see this pop a little at open then watch for lower lows then fade it and gap fill, now with this news I’m not sure how much it will sell off so I will be watching the pop/pull/flag and if I think this will run off a bull flag I will call in and we will let it fly. I like the news. Caught shorts off guard on it.
2) $TOPS gaping on DRYS news (1.21)
Stock gaping up +.50 due to the lack of low floater madness this may get more of a play then we think, especially it has volume, so watch for the op at open thru $2-.$2.25 then let it sell off on profit taking back to $1.35-$1.40 lets see if this curls then we can go long it. If this pops/pulls and flags we will catch a nice run on it, In the end this will come down but I like it for today
3) $SNAP So predictable can get finally get to $10 (13.77)
Stock gaping down -$2 I like to see this pop and short cover squeeze at the open towards $13 then I will be watching the topping and once this pulls I will be looking for this to have an all day fader on it …let it push and top out first before trying to lean into it hard
4) $CUDA to Join S & P Small Cap (21.81)
Stock gaping up +$1 I like to see small pop more at open towards $23 then look to scale in SHORT and gap fill this back to $22 and under on some profit taking. If this pulls at open and sells off watch the $22.10-$22 area as a good place to consider long.
5) $LXFT Earnings miss (60.80)
Stock gaping down -$10 I would consider taking a few LONG here at $47 level room to $45 at the open and look for a quick pop to $53-$55 on short covering once this squeeze is done look for this to sell off all day back to lows. Should be fun stock has range
6) $IONS Reprioritization of its strategic pipeline (45.46)
Stock gaping down -$3.50 I like to see this pop at open thru $44+ then watch for topping then look to fade this all day back to $41 area and under, if this pulls at open to $41 and under watch for bottom curl around $39-$40 then bounce off it. Should give us range
7) $TTD Earnings Beat (50.06)
Stock gaping up +$4.50 I like to see this pop a little more at open to $55.50-$57 area then look to gap fill this and short it back to $51.50 and under then go long, I would even consider taking a few here short at $55 (nibble) with room to add, This is up thin right now and I think this will gap fill back to $51.50 and under then we can go long, if this pulls at open cover and watch for bottom curl
8) $CWH Earnings Beat (31.47)
Stock gaping up +$2.25 on this volume so watch for the quick pop at open towards $34+ then lean into it short and look to gap fill back to $32 and under on profit taking, if this sells off at open look for the pull at $32 and under cover then look to go LONG on it.
9) $AAOI Friendly Trader (63.56) Easy money was made from $62 to $64.80 this morning now we have to wait for another set up
Stock gaping up +$1 I like to see this pop a little more at the open possibly thru $65.50-$66 then short it for a quick pullback snap to $62.50 or under then look to go LONG for a nice move towards $67-$69 today if this pulls hard just watch the bottom curl off the $61 area and look to go long.
10) $NVDA Overnight win Killed it last night telling everyone this is a 20 pt short (164.74) imo Earnings were a beat!!!
Stock Gaping down -$10 now, I like shorts to squeeze this at open towards $162-$164+ then look for some pullback on it, overall I think this will just run right back towards $165+ this was an amazing trade for us. now let it gap fill.