Pre Market Game Plan by AJ – 8/4/17
1) $GPRO As predicted anything good on earnings would pop the $8 stock (8.26)
Stock gapping up +$1.30 I would actually nibble a few short at $9.60 area room to add to $10+ at the open on the normal pop then look for this to gap fill back down to $8.50-$8.75 or under. If this dumps at open on profit taking watch for the quick $8.75 area and cover your short.
2) $MDRX Earnings Beat (11.67)
Stock gapping up +$1.35 I would take a few here SHORT at $13-$13.10 area room to add on any pop out of the gate and look for this to gap fill nicely to $11.75 and under then go LONG if this pulls at open to same area would take a few LONG all day slow move to the upside.
3) ******$EFII Accounting issues and Delays on filing (47.66)
Stock gapping to -$18 I would use wide range but watch for a pop at open on short covering (I do think this has room to $25) so if going long nibble lightly this is bad for the company but shorts will want to cover this, so watch for it. I like to see this cover to $34-$35 if possible then bleed out all day, I think $25-$26 area would be the bottom on this.
4) $AJRD Blow out numbers BIG Earnings win (23.82) Gaping up on no volume
Stock gapping up +$2.15 on No volume I like to see this pop at open to $26.50-$27.50+ then lean into it short and gap fill this back to $24.25 area or under, I think the earnings were huge but based on no volume this should pull quick on profit taking. So I will be eyeing the pullback on it to go LONG
5) $WTW Earnings Beat HUGE!!! (33.08)
Stock gapping up +$6 I like to nibble some SHORT here at $39 with room to $40 at open I think we get a nice gap fill profit taking to $35-$36 area or under then look to go LONG on it, if this pulls at open hard cover your short 1-3 pts then look for this to have a bottom curl quick the back to new highs. This has had a HUGE run-up into earning I think today we get some profit taking. So eye the SHORT
6) $FLR Earnings Miss (43.86)
Stock gapping down -$4.50 I like to see small pop at open to $41.50-$42+ area then look for this to see off all day bleeder to $38 level or under, if this pulls hard at open to $38 area watch for bottom curl then go LONG once this begins to bounce it will bounce at least 2-4 pts
7) $SYNA Earnings Miss (50.54)
Stock gapping up +$5 I would like to see a quick short covering pop back thru $47-$48 then lean into this short for an all day fader on it, if this pulls hard at open I would be watching the $42-$43 levels then take a few long and play the short covering bounce. This should set up nicely so just let it breath before we kill it
8) $YELP Earnings beat + Grub hub stake (31.37)
Stock gapping up +$7.50 I think I would take some SHORT $38.50 area room to $40 then let this fade on profit taking back down to $33-$33.50 area if it comes then look to go LONG on it, if this pulls hard at open on profit taking to that area or under watch bottom curl then go LONG should be fun after initial pop and fade
9) $AAOI Earnings Miss Guidance Miss (97.99) Beautiful 35pt short call from yesterdays Earnings Play that this would miss
Stock gapping down -$30 Below $70 seems to be the buy area so I think initially we see a pop thru $78-$80 on short covering open then look for topping then all day fader, I doubt this will pull at open but if it begins and it pulls below $70 let it flush out then go LONG this is a range play, shorts are covering so watch the squeeze
10) $ANET Earnings Beat and Guidance (144.05)
Stock Gaping up +$24 pts I like to see this squeeze a little more I wouldn’t mind taking a few here SHORT at $167.50 with room to $170 at the open I think we get some nice profit taking for a nice 1012point pullback on it, so watch for that $170 area then lean into a few and lets see if we can’t get this back to $160 and under on the pullback
$UTHR (126.96) Gaping up on Chatter +$13 pts I would actually take a few SHORT at $139 with room to $42 pop at open and look for this to top and fade the news I like to see this head back to $132 area so watch how it opens I think this pop will be short lived!