Pre Market Game Plan by AJ – 8/28/17
1) ******$NUVA Needham Tags and Underperform Rating with $50PT from $64 (61.64) BIG PICTURE SHORT
Stock gaping down -$1.40 This is has been down last 5 days from $64 so watch for ANY pop at open towards $61+ look to scale in SHORT and look for an all day fader for 2-3 pts on it. This call will hurt the stock even more, its all about the entry now
2) ****$TTPH Piper Jaffray Tags an Overweight with $14PT (6.51)
Stock gaping up +.30 would take some LONG here at $6.80 room to add on any pullback looking for a move to $8 on the stock today, should pop at open then pullback being its up thin, but would still nibble some here to get started with BIOS being up this will help boost this stock today
3) $ASPS Schedules conference call to discuss NRZ agreements (20.77)
Stock gaping up +$4 would actually take some SHORT on this here at $24.50 room to $25.50-$26 think this pops and fades on profit taking this stock is up way too much without knowing what their even going to say in the conference so look to gap fill this at least 2 points to the downside
4) $EDIT Gaping up on $KITE news (19.10)
Stock gaping up +$2 I would take a few short here at $21 with room to add at the open let it pop and then look to fade this back on a nice short, watch for the lower lows to set in, this should be fun today, so pop and fade it, just watch for the topping on it.
5) $CMTA Morgan Stanley Tags a BUY rating with $27PT (16.11) Thin stock, no MM’s on the stock yet
Stock gaping up +NONE watch for pop at open to $17-$17.50 scale in SHORT gap fill it back to $16,25 and under room to $15.75 look for this to pop and fade so short the easy gap up vs just waiting for it to gap fill then look for that $16 as a nice entry to start
6) $CLLS Up huge on the $KITE buyout (25.19)
Stock gaping up +$3 I would look to scale in a few SHORT here at $28 with room to $29+ at the open I think once this pops and lower lows settle in this will turn out to be a nice gap fill short back down to $26-$26.50 and under.
7) $JUNO UP HUGE on the $KITE Buyout (30.73)
Stock gaping up +$7 I would nibble some short here at $37 with room to add on any pop at the open look for topping on it then look for a nice 2-3pt gap fill pull on it. I think in the end once this tops off this will fade off so watch for lower lows to set in then look to nail the short side of this
8) $BLCM gaping up big on $KITE News (8.28)
Stock gaping up +.70 I would look to short this today, so any pop at open towards $9.20+ area watch for toppin on it and look for this to slow fade gap fill back to $8.35 or under, higher it pops at the open better the fade on it.
9) $ULTA Gaping down -$3 with no really good reason this we get another range play in it.
Stock gaping down -$3 would look to take some long at $209 area with room to add on any pullback at the open look for this to rebound back thru $212-$214+ area so watch for bottom buying on this morning
10) $SFM Amazon News on -43% discount (21.84)
Stock Gaping down -.35 would take some here short at $21.50 with room to add at the open then look for this to head south towatrds $20 a share. IMO
$KR Amazon made statement that they will cut WFM costs as much as -43% (21.74) I think we finally see $20 on this stock today or this morning so watch for pop and fade on it so any pop on the gap fill to $22 I would look to add to your short and fade it
$COST Amazon made statement that they will cut WFM costs as much as -43% (152.45) Look for this to head south today I would like to see $148 on it. So any pop at open to me imo would be a short opportunity
$BLUE Gaping up on $KITE news +$10 ($97.85) watch for more of a pop at open towards $110-$112 area watch for topping on it and look to gap fill this back for another -$5 to the downside on it