Pre Market Game Plan by AJ – 8/25/17
1) ******$TRIP Jefferies Lowers the boom and downgrades stock to Underperform with $35PT from $54 (43.22)
Stock gaping down -.50 would take some here SHORT at $42.70 room to add on any pop looking for this to get hit today with a $40 and under PT. I love the call, like the chart last 5 days stock is setting up to fade today.
2) $ADMS granted FDA approval Key word here Parkinson’s (14.23) JMP $33PT & Cowan is $55
Stock gaping up $6.50 I like to see this actually pop at open on short squeeze and rush this to $23-$25 come down 2-4pts then curl then flag and stay up all day, they secondary ATM will come if this holds up, if this pulls at all at the open look for $16-$16.50 as possible bottom on it, if this pops and lower lows set in right away expect a slow fader on it. WE need to see how this opens for direction
3) $GME As I suggested last night GME always overreacts on Earnings then pulls (21.78)
Stock gaping down -$2 I like to see this pop at open thru $20.50-$21 area then look to fade it all day back to lows, if this pulls hard at open look for $18.25-$18.75 as bottom and shorts will come in and cover on this
4) $RTNB this is simply stupid!!! Really but cannot deny the volume or the chart right now (2.55) Risky Trade…
Stock gaping up +.70 I would like to see a HUGE short squeeze at the open, that would be great to see this thing launch to $4 out of nowhere then top off the HUGE massive pull and dump to $2.50 and under, if this pulls hard at open look for the $2.35-$2.55 spot bottom curl it then look for potential rush on it for a quick 1-1.5pt move. We need to see how this opens but if it launches c
5) $XOMA signs agreement with NVS receives $31mil Upfront (8.93)
Stock gaping up +$2.50 I like to see this pop at open to $12 spot on it watch for topping then look for decent gap fill short to $9.50 and under, this is up thin so this could just pop and fade the news, shorts caught off guard so look for the pop on it.
6) $SPLK Earnings Beat (60.28) BIG WIN to call to BUY into Earnings before the close +$6 pts (60.28)
Stock gaping up +$6.50 I like to see this push a little more at open possible $68-$70 handle then look to short this and gap fill this back down to $63.50-$64 area then look for bottom curl then go long, if this pulls to same area at open look to go long on it.
7) VEEV Earnings Miss (64.59)
Stock gaping down -$7 I like VEEV long at $59-$60 I think this will gap fill back to $62-$63 area at the open then watch for topping then look to re short it back to lows, if this pulls at all at the open to $58-$59 look to go long on it and shorts will cover
8) $ADSK Earnings Beat (110.61)
Stock gaping up +$8 I would watch for pop at open to $120+ area if it comes then look to top off and fade it back to $112-$113 then watch for bottom curl then go long on it, if this pulls at open on profit taking watch the $112 level and look to go long.
9) $ULTA Mixed Earnings (233.71) This should be bought on weakness…Wait for this to show its hand at the open.
Stock gaping down -$15 I would actually nibble a few here LONG with room to $210 and look for this to bounce 5-10pts on the sell off it it happens, if this pops at open add a few and chase and look for $220-$224 level before it gives back.
10) $AVGO Earnings Miss (255.05)
Stock Gaping down -$3 I like to see this small pop and then fade it back to lows, if this pulls hard at open look for $245-$248 leve to bounce it, if this pops at open to $255+ I would watch for topping then look to fade it.,
$*******NBRV SunTrust Initiates BUY rating with $20PT (8.02) I like the call if you can get some below $8.50 and add on dips if they come I would swing this for a few days look for a $10-$11 on this call.
$PSTG Earnings Beat (12.56) look for pop at open towards $13.75-$14 area then look to top it off then short it and gap fill it back to $12.75 and under, if this pulls at open to same area look to go long on it back to highs