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Pre Market Game Plan by AJ – 8/21/17

1) ********$LULU BofA Tags a BUY rating and ups the price from 49 to $70 (58.13) This will move the stock today
Stock gaping up +$1.50 This is a big PT increase so its up thin, wait for the pop thru $60 at open let it flush out bring it down to $58.40 $58.70 area and scale in LONG for an all day slow move for 2-3 pts to the upside. I like the call a lot

2) *******$FRAN Issues Sales warning (7.98) This will bleed out today
Stock gaping down -.48 would take some here at $7.50 SHORT room to add at open if it squeeze due to everyone trying to get in then look for topping then all day bleeder on it to $6.50 or lower today

3) ******$FINL YBS Tags a SELL rating and lowers the BOOM and PT to $9 from 14 (11.01)
Stock gaping down -.40 would take some SHORT here at $10.60 with room to add at the open and look for an all day slow move to the downside to $9.50 or lower today Should be a nice all day short on it

4) $CENX JPM Jumps this from Neutral all the way to Overweight this morning with a $22PT (15.01)
Stock gaping none…wait for the pop at open possibly thru $16+ scale in SHORT and look for this to gap fill back to $15.35 and under then look for bottom curl scale in a few LONG and look for an all day slow move to $17+ on this call

5) $TSEM Received Phase 1 payment of $18mil today (25.02)
Stock gaping up +$2.10 I think this will end up fading back and gap filling so any pop at open would consider scaling in short. 18 mil is nice but not enough to justify it up here so any pop lean into it the minute you see the lower lows set in look for this fade back to $25.50 or under

6) $WUBA Huge Blowout Earnings (53.26)
Stock gaping up +$6 I would take a small nibble SHORT here at $58.50 area look to add at open to $60 then look for this top off then I will be eyeing the Profit taking gap fill back to $55 and under, if this yanks at open fast to that area, cover and watch for bottom curl then look to go long on it back to pre-market highs

7) $AAOI Favorite Play today always has range (64.10) with market up and green think this could push today
Stock gaping up .10 If you can stomach it like normal this should pop at open to $65.50-$66 then look for a nice quick gap fill short on it let it fade out back to $63 area or under then go LONG on bottom curl if this begins to pull at open look for $62 and under then grab a few long and look for a nice 2-3pt to the upside off the bottom

8) $MYOK BMO Tags a BUY rating and pushed it to $65 PT from $40 (40.374)
Stock gaping up +$1 I would actually take a few here at $40.90 area on the bid if you can get filled and look for this to make a solid move towards $44-$45 today, so just wait for this to set up if this pops and pull watch the $40.50 and under to go LONG should be fun today on this call.

9) $YY Gaping up nice on Market being up some (73.69)
Stock gaping up +$1.50 I would actually try and get some SHORT at $75 room to add on the pop at open then let it gap fill back to $73 area or under go LONG for an all day slow move back to $75-$76 on it stock has range should be fun,

10) $FCX Gapping up on Indonesia access will now resume with works disagreement done (14.15)
Stock Gaping up +.50 I like to see quick pop at open to $14.75-$15 area lean into it short gap fill it back to $14.20 and under then look to go long back to highs with volume and size, if this just pulls at open and gap fill..great then scale in LONG on it for all day slow move to the upside

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Notable Calls:

$HLF In talks to go private at $68 (61.95) This is tricky shorts are in a pickle here but stock has no range to trade if they have $68 PT so imo wait for this to possibly break the $66 area then look to slowly fade it back to $63-$64 Be careful, if this pops at open to $67.50-$68 then possibly take a few short on it. If this just grinds out rest of day let it be won’t give us any range to short it then

 

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