Pre Market Game Plan by AJ – 8/29/17
1) ******$HELE BofA Tags a UnderPerform Rating with a $87PT (96.85)
Stock gaping none, Mostly this will open at $94 area or under then small pop and gap fill some then look for ALL DAY FADER on it. Should be fun!
2) ****$AVXS Nomura decides to cut this to Reduce to $52PT (96.98)
Stock gaping down -$3.98 wow……This will open quick pull to $90 and below real fast then pop and move up on gap fill I would love to really get this around $94-$95 on ANY short covering then nail an all day fader on it. Let it set up for us before we get in with size
3) $FINL Cuts estimates in half….so we will cut the stock in half (10.42) I don’t care how much insider load up this is done!
Stock gaping down -$3.30 I like to see this flush at open to $6-$6.50 then I do expect shorts to cover for 1.5-2 pts on it like to see it touch thru $8, if this pops chase a few thru $8+ let it top off then we get in and fade it all day to lows. CITI has $5 dollar PT from $14
4) $JILL Earnings Miss (11.73)
Stock gaping down -$1.40 2 ways this pulls hard at the open to $9.50 spot or under then look for a nice 1pt short covering gap fill, if this pops at open look for $11.10-$11.35 are then get in and scale in SHORT for an all day fader on it.
5) $IMGN Collaboration with JAZZ (6.46) Really Really!!!
Stock gaping up +.60 this is a short!!! So any pop at the open I would scale in SHORT and look for an all day fader back to gap fill, higher it pops better the short, if this slow pulls at open and lower lows set in right away just short it and be done with it.
6) $AAOI My favorite play but down HUGE!!! (61.25)
Stock gaping down -$1.10 2 ways this pops aquick at open to $61.50-$62 then all day fader on it, or this pops slow at open to $61 and under then lower lows then all day fader to $58-$58.50 on it or lower, either way imo this fades down. If this pulls hard at open play the bounce off the $58 level for quick money
7) $BBY Earnings Beat and guidance BUT like I said yesterday Investors want to cash out on this today (62.47)
Stock gaping down -$3.47 I would actually take some here at $59 LONG and look for a nice 1-1.5pt pop at the open then look to fade it all day, if this pulls hard at open to $57-$58 play the 1-2pt bounce on it.
8) $CTLT Earnings Beat raises Guidance (35.36) This is up “THIN”
Stock gaping up +$4.30 I think this will pop and fade based on the market conditions today I would look for this to potentially pop at open thru $40-$41 area then look for this to fade and gap fill back to $36.50-$37.50 either way this should give us a nice SHORT on profit taking gap fill
9) $ACOR FDA rejects application (25.70)
Stock gaping down -$7.70 I would like to see this short cover and gap fill to $19.50-$20.50 area at the open so keep an eye on it if it starts to break out at the open, if this pulls at open let it slide to $16-$16.50 area watch for bottom then play the 1-2pt bounce, if lower lows set in right away at the open this could just end up fading all day, let it show you at the open I think it pops imo
10) $HAIN Earnings Beat and raises Guidance (40.61)
Stock Gaping up +$5 Hain always fills their gaps so look for a fade off the $45 level back to $41.50-$42 area if this pops at oopen then look for this to peak at $46-$47 area then look to fade it back on gap fill profit taking. If this fills gap quick at open then scale in long on the bottom curl
$LOXO JMP cuts PT to $71 (78.56) Look for this to pull and open at $77 or under then look for pop and short covering then scale in SHORT for an all day fader to $74 on it today
$PSEC Cuts guidance and div (7.04) Take some short here at $6.80 add on pops look to fade it all day to $6 and under