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Pre Market Game Plan by AJ – 8/2/17

1)  $BGFV  Missed on Earnings (10.95)
Stock gapping down -$1.90 would pick up a few LONG at $9.20 with room to add on any pullback at open anything below $9 would be a gift looking for a nice gap fill short covering to $10.125+ before possibly fading for the day

2) $FEYE  Earnings Beat (14.69)
Stock gapping up +$1.00 I like to see this pop a little more at open towards the 16 level then look for this to sell off on profit taking look for a possible sell off to $15 and under then look for a nice slow all day move to the upside. If this pulls hard at open to same area look to go LONG and play the nice all day move to the upside. $15 is the key level on the downside

3) $AMC  Earnings Disaster (20.80)
Stock gapping down -$5 wow, down big $NFLX at them for lunch 2 ways this pulls hard at open to $13 spot then play a nice 1-3pt bounce on it, if this begins to pop at open look for a gap fill to $17.50-$18+ at the open then watch for topping then look for all day fade, also watch for mid afternoon downgrades thru out the day

4) $AN  Earnings Miss (41.97)
Stock gapping down -$3 I like to see this dump at open possibly to $38 level then watch for bottom curl on this and look for a move back to $39.50-$40.50 on it then look for this to sell off all day to lows, if this pops at open it will top off quick then we can get in short on it and fade it all day

5) $JWN  Possible news that they may not be conducting the sales process to go private (48.94)
Stock gapping down -$2 I would scale in a few LONG here at $46.90 area with room to add at the open I think this pops and gap fills at the open to $48+ then watch for topping, then look for this to fade off for all day fader, IF this pulls at open hard to $45 level or under go LONG on it , I think this will slow gap fill back up, harder it pulls better the play for us

6) $CRUS Gapping up on $AAPL Earnings (63.08)
Stock gapping up +$2.50 look for small pop at open towards and thru $66, I would even consider shorting some here at $65.80 with room to add at the open, remember this is up on someone elses earnings and you know that when that happens the stocks gap fill back up quick so watch for this to make a nice pop and gap fill short to $63.50-$63.75 area or under then go long on it

7) $ONCE  Earnings Beat (66.59)
Stock gapping up +$10.50 look for quick short squeeze at open towards possibly $80 spot then scale in with wide stops to go short and gap fill this back to $70 and under, higher this pops look for a short on it, I think we get some nice profit taking once it tops of. I’m looking for a $70-$71 gap fill on the pullback

8) $PXD  Earnings Miss (163.27)
Stock gapping down -$17 points I like to see this pull a little more into the call in 30mins and then look for a nice 5-8 pt pop into the conf call coming up to $155+ level before fading off again, if this pull shard at open to $145 area look to go long and bouncce it, either way I think the call helps considerably bouncing this

9) $ILMN  Earnings Beat (172.30)
Stock gapping up +$16 I like to see small pop at open thru $190+ if it comes then look to short this on profit taking looking for the $178 level or a tad under on it before going back up, if this pulls at open watch that $175-$178 area bottom curl then go long on it

10) $COHR  Earnings Miss (271.00)
Stock gapping down -$35 I would actually take a few here long at $235 with room to $233 at open or under and look to bounce this back thru $240-$250 area before shorting again. Watch this, harder it pulls better the bounce on it for us. I like this for bounce play so watch for the open on it

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