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Pre Market Game Plan by AJ – 8/18/17

1) $FL HUGE!!!! Guidance miss and Earnings (47.40) Blood Bath today for FL
Stock gaping down -$10 Conference Call going to start would long a few above $37 let CEO talk and say what he needs to say may get lucky and pop this back thru $40 once call is done let it bleed out all day long back to lows. If this pulls below $35 at the open watch for bottom curl and look for shorts to come in and cover for a few points

2) $ZOES Horrible Miss and guidance (13.28)
Stock gaping down -1 2 ways this should pop at open and short cover to $12.85+ then lean into it short for an all day fader on it, if this pulls at open hard to $11.50 or under go LONG and play the short covering squeeze for +1 then re short it again

3) $SPWH Earnings Beat and raises Guidance (3.46)
Stock gaping up +.55 Typically SPWH will pop at open then watch for topping and they tend to fill their gaps so look for the lower lows to set in after initial pop and look to gap fill this back to $3.60 or under, if this just dumps at open then nail and gap fils to same area then look to go long on it.

4) $HIBB Earnings Miss and Guidance (11.50)
Stock gaping down -$1.80 I would consider taking a few LONG at $9.90 area add on dips at open look for shorts to cover and bring this back to $10.50+ before fading all day, if this pulls at open hard to $9 and under go LONG and play a quick 1pt bounce like $VIPS yesterday

5) $GPS Earnings Beat (22.68)
Stock gaping up +$1 I like to see this pop a little more at the open and look for a move back thru$24 before fading off, if this pulls at open and gap fills back to $22.75 area look to go LONG for all day slow move to the upside.

6) $ROST Earnings Beat (53.33)
Stock gaping up +$5 I like to see this squeeze at open towards $60+ then lean into it short and bring it down 3-4 pts do NOT expect this to fill the full gap the earnings were blow out so look for the shorts to get squeezed at open, if by chance this pulls at open to $55.50-$56 watch the bottom curl and go long on it. Either way this should be fun today

7) $AAOI Favorite Play today always has range (64.51) with market up and green think this could push today
Stock gaping down -.14 I took a few long at $64.60 will add on dips to $62 if it comes and add looking for this to possibly push to $67+ today with the market being a little green today, taking advantage of this being pulled down yesterday

8) $NKE Being Pulled down on FL numbers (57.46) Remember NKE didn’t put out the number FL did
Stock gaping down -$2.50 I would buy on this weakness down here at $55 level would give it room to pull at open possibly to $53.75 and look for this to gap fill back up to $56.50-$57 area I think investors will buy on FL weakness here at NKE wait for the set up.

9) $AMAT Earnings Beat (43.12)
Stock gaping up +$1.20 I like to see a nice pop at open to $45-$46 area watch for topping then possible gap fill short on it back to $43.75-$44 area or under, if this dumps at open to those same area then look for bottom curl and go long for an all day slow move to the upside. Nice earnings so look for the potential squeeze at open

10) $DE issues terrible Guidance (123.98)
Stock Gaping down -$9 2 ways I prefer this to sell off a little more at the open into the call in 30mins like to see $112-$113 on it or lower if it does then look to buy a few mins before the call nibble a little LONG and look for CEO to push this back to $116-$118 area this has range but need this to set up for us keep an eye on the call

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Notable Calls:

$HMNY Huge increase in Subscription Base 20k to over 150K (2.77) Took a few LONG myself at $2.92 see if it gets going today I like the news but if it pops I will sell into strength

$EL Earnings Beat (98.32) Go Long on it at the open for a nice push possibly to $104+ then watch for topping then gap fill some back to $101 area if this pulls at all at open to $100 touch go long for all day slow move to the upside

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