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A leader is built by the profits of his followers

Pre Market Game Plan by AJ – 8/16/17

1) $MYL Cit tags a BUY rating and ups the PT from $36 to “$42” (30.13)
Stock gaping up +$1 I like the call a lot “Look at the big picture” I would consider taking a few LONG at $31 with room to $30.25 on any dip at open and look for a nice all day slow move to $33+ today on this call. If this pops hard at open cash out if you like but wait for the dip buy on it.

 

2) $SNAP SunTrust Tags a $10PT (12.74)
Stock gaping down -.20 I love this call for obvious reasons would take some SHORT again at $12.60 area with room to add at open watch for topping then I think we get a nice slow fader on this. Should be fun on the fade

 

3) $URBN Beat, but imo I think something is off/something not right (Gut feeling) (16.82) Regardless need to play the chart
Stock gaping up +$3.75 I like to see a nice quick short squeeze pop at open towards $21-$21.50+ then look for topping on it and shred it for 2 pts to the downside or more. Let this show us in the first few mins what it wants to do, I’m hoping lower lows set in on profit taking and we nail this short, problem is their are A LOT of shorts in this being squeezed

 

4) $DKS Earnings Miss 8/15 (26.87)
Stock gaping down -.37 I would take some SHORT at $26.60+ area room to add at open on any pop towards $27+ watch for topping I think this continues to collapse and we get it to $25 or under today, Let it pop and set up for us then we nail it short

 

5) $RADA receiving orders for dozens of Radars (2.22) You can’t be serious this is up because their doing their job!!! Stupid
Stock gaping up +.35 imo any pop at open on this is a short with size, so wait for the standard chasers to chase this at the open watch for the lower lows to set in then look for a nice all day fade on it back under $2.15

 

6) $VIAV Earnings Miss (10.63)
Stock gaping down -.63 2 ways this pops at open we scale in short at $10.25+ and look for an all day fader on it, or this pulls hard at open to $9.25 and under and we go LONG on it for a nice all day slow fade on it should be fun for a cheap stock guidance was a nice miss 173mil vs 198….OUCH!

 

7) $YY Secondary Offering priced at $70 5.75 million (73.10) KMART special I would be buying this stock in the $70’s
Stock gaping down -$3 I would be buying this at $70.8 and room to $69.75 if it pulls this will have a nice rebound on it to me this will be a quick fill and a nice rebound on it

 

8) $TGT Earnings Beat (54.35)
Stock gaping up +$2.40 I like to see this pop a little at open and look for a quick topping on it, TGT tends to fill their gaps on Earnings so look for this to fade back to $55 and under then watch for bottom curl then take a few long on it. Higher it pops at the gate better the short if it just fades then watch the bottom curl all day slow move to the upside

 

9) $A Earnings Beat (59.38)
Stock gaping up $3 I like to see this pop a little more at open towards $63-$64 area then look to scale in SHORT gap fill it back 2 pts our more then watch for bottom curl on it and then go long for an all day slow move back to highs. Fill the gap first

 

10) $AAOI gaping up from overnight (68.18)
Stock Gaping up +1.10 as promised it would do. 2 ways this pulls a little at open BUY the weakness let it rush thru $70+ a share, or this pops at open more and we scale in SHORT for a nice 2pt pull then bottom bounce. Like always wait for this to show us at the open what it wants to do

 

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Notable Calls:

$DXTR Landeburg tags .80PT (.25) up .4 cents ok to BUY some here at .29 and look for this to hit .35 -.40 on this call imo

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