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Pre Market Game Plan by AJ – 8/31/17

1) $MOMO GS Tags a BUY rating with a $56PT (36.07) Those who were smart enough to overnight NICE JOB!!!
Stock gaping UP +$2 I love the call, Love the call room to $40+ on this BUT I can’t buy up here I have to wait for the dust to settle, if you buy now it will pop to $38-$38.50 at the open but look for this gap fill somewhat anything in $36 level I would scalein LONG on it this is a potential Swing as well!

2) $YY Goldman Sachs Tags a BUY rating with $101PT (71.09) I love this call ALOT stock has range to $80 Today
Stock gaping up +$4 I like this call expect a quick pop possibly to $75-$76 then watch a nice gap fill pullback SHORT on it for 2-3 pts then scale in LONG on bottom curl for an all day slow move to the upside on it . Wait for this to set up for all of us

3) $SCVL Earnings Beat (16.42)
Stock gaping up +$3 I would scale in SHORT around this $19.25 area room to add at open to $20+ watch for topping then nice profit taking sell off on this thin stock back to $17 and under then we go LONG until this gap fills we can’t go long here until the profit takers do their thing

4) *******$MESO Oppenheimer Tags a BUY rating with a $16PT (6.15)
Stock gaping down -.09 I would try and get filled here below $6.18 and watch for this to make a nice slow run towards possibly $8-$8.50 once this gets some legs behind it I think we get a nice play with some range, thin stock but great analyst

5) $SMTC Earnings Miss (39.05)
Stock gaping down -$4 I like this $35 area to go long and nibble on to the long side think this can gap fill back up to $37-$38 at the open then look for this to have a nice topping on it then an all day fader on it.

6) $CTRP Earnings Miss (52.72)
Stock gaping down -$3.72 I like this to pull at open a little more to $48 level or under then look for this to bottom curl then scale in LONG for a nice slow all day move for 1-3 pts on short covering, a lot of times this stock gets bought up on weakness so watch for it, if this pops at open thru $50.50 I would consider chasing a few to $52+ then exit.

7) $MEI Earnings Beat (39.55)
Stock gaping up +$3 I like the beat on this, but stock is thin so I think this will gap fill quick at the open to $40.50 and under then bottom curl then look to go long on it, if this pops at open again to $44+ then scale in SHORT for sure and gap fill this back down

8) $CIEN Earnings Miss (24.27) So stupid 4 analyst u/g this yesterday but actually misses (24.27)
Stock gaping down -$2 I would consider taking a few long here at $22 spot with room to add at the open if it pulls then look for a slow recovering to $23.50-$24 more it pulls imo at the open the better the push for 1-2 pts towards $23-$24 on it, watch for this to set up

9) $WDAY Earnings Beat but not impressive (107.54)
Stock gaping up +$2 2 ways to play this, I like this to pop a little more at open to $110-$112 area watch for topping on it then look for a nice gap fill pullback on it back to $107 and under, I actually think this could end up fading off today on profit taking. So be careful on the long side of this, let it run if it can but overall just wait for this to set up

10) $GEMP HC Wainwright is tagging a BUY rating with $21PT says the sell off is over done (9.47)
Stock Gaping none, Watch for quick open at $10 spot or more wait for the gap fill pullback around $9.25 area or under then look to scale in LONG for a nice slow all day move towards $10-$11+ on it. should be fun today on this.

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Notable Calls:

$DXTR Gets FDA clearance (.32) up 7 cents yah take a few here at .38 risk 5 cents if this breaks out at open stock has room to .60+ then it will slowly sell off so wait for it. see how it opens cheap stock think a lot of rooms may play this today

 

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