Pre Market Game Plan by AJ – 8/22/17
1) $BZUN Earnings Miss (34.60)
Stock gaping down -$3.50 I would actually nibble sole LONG here at $31.15 room to $30 at the open I think shorts will want to cover right at the open I think this was a big suprise for being down alot, so watch for a nice squeeze, if this pulls hard at open $30 and below shorts will come in an pay you nice and fast.
2) $DSW Blowout Earnings Guidance (15.69) I figured they would do well for the various reasons I spoke of yesterday before the close
Stock gaping up +$3.50 I like to take a few SHORT here at $18.90 room to $20 at the open then look for a nice profit taking gap fill to $16.50-$16.90 or lower then watch for bottom curl then go LONG I do not think this will fully gap fill but at least give us a point or 2 to the downside, if this pulls hard at open cover some watch for bottom curl, if this pops hard at open I think $21 would be max
3) $CMCM Earnings Miss and Guidance (11.90) ….remember $VIPS
Stock gaping down -$1.50 I would take a few here LONG at $10.39 area room to $9.50 at the open and look for shorts to cover for 1 point or more, this reminds me of $VIPS they will come in and cover harder it pulls if it does the better for us.
4) $MOMO Earnings Miss (45.08)
Stock gaping down -$4.60 I like to see this actually squeeze at open for 1.5-2pts before fading again, so l would consider taking a few here in the $40 range room to $38 at the open I believe this will be bought up on weakness so watch for it. If this pulls at open to $38 level look to go long for a nice 2-3pts, more it pulls better the range for us.
5) $COTY Earnings Miss (19.55)
Stock gaping down -$2 I would be buying some at $17.65 area room to $17 and under at the open think this pops thru $18-$18.50 at the open before sliding back, I think shorts will want to cover on this one quick before the fade sets in so keep an eye on it
6) $TEDU Earnings Miss (18.61)
Stock gaping down -$2.50 I actually would take a few here LONG at $16.15 area room to $15 at the open think this pops first on short covering to $17-$17.50 then starts to lean into it short, if this pulls hard don’t let it scare you $15 area would be a great bottom curl for shorts to come in and cover.
7) $RDFN Very interesting Goldman cuts this to $20 and gives it a Neutral (27.56)
Stock gaping down -$2 I like to see this pull a little more at the open like to see $24 and under then shorts cover for 1-2pts then fade again, this Goldman call should hurt the stock quite a bit, if this pulls hard at the open to $23-$23.75 area look to go long and play the short covering.
8) $FN Earnings Miss (39.82)
Stock gaping down -$2 I like to see this pop some at open to $38.50+ level then look for topping on it then look to fade this all day long to $36.50 and under, if this sells off at open hard to $36 area look to bounce it.
9) $EBR PIG Play gaping up huge (4.45) The Great Spartan find!
Stock gaping up +$1.80 look forsmall pop at open towards $6.75-$7.25 look to fade this back slow to $5 and under, if this dumps hard at open look to cover your short and watch for bottom curl with volume then go LONG on it
10) $NDSN Earnings Miss (125.12)
Stock Gaping down -$10 pts I like to see this pop a little at open to $120+ then look for topping on it then short it for a nice fade, if by chance this dumps at open to $112-$113 area watch for bottom to kick in and play a nice 2-4pt bounce on it.
$ARCI Earnings Beat (1.45) gaping +.20 think this may pop at open to $2+ then look to short it and fade on it, if this pulls at open then look for this to curl and go long on gap fill to $1.5
$MDT Earnings Miss (83.52) Gaping down -$2 watch for quick pull at open to $80 and under then look to go long play quick 2 bounce then short it all day long.