Pre Market Game Plan by AJ – 9/19/17
1) $MRTX Citi Tags a $16PT from $8 and Oppenheimer Tags a $18PT (10.80)
Stock Gaping up +.60 I like the calls, BUT be careful this could be a set up for an offering coming. For now look for a solid pop at open to $12 spot or under then look for a nice pull on it bottom curl then possible all day slow move towards $14+ once this gets going
2) *******$SNCR Siris Capital keeps stake in Co but says no longer interested in BUYING company (16.75)
Stock Gaping down -$3.85 2 ways to play this, grab a few LONG here at $11.90 room to add at the open looking for a move to $14.50-$15 for quick short covering pop more this pulls for us at open if it does and flushes better the paycheck bounce for 1-2pts
3) $QDEL Piper upgrades stock to Overweight Tags a $50PT from $35 (40.91) thin on air
Stock gaping up +$1.75 would actually consider scaling in SHORT here at $42.50 with room to $43.50+ at the open then look for a nice gap fill pullback tp $41 and under bottom curl then scale in LONG for a nice slow all day move to the upside. SHORT it for quick bucks then nail it on the slow move to the upside on it.
4) $ADMS Mizhuo Tags a BUY rating and ups the price from $26PT to $48PT (21.12)
Stock gaping up +1.45 Look for a quick pop at open possibly thru $23 then look to scale in SHORT and gap fill this back to $21.25 and under then look for a nice slow move back to $24-$25 I like the call and the NEW PT but before getting all excited need this to set up for me so I can grab a few long for a nice move to the upside
5) $KORS Oppenheimer Tags an Outperform Rating on this and raises PT to $55 (44.65)
Stock gaping up +$1.75 I like to see a nice small pop at open towards $46.50-$47 area scale in SHORT gap fill this quick back to $45.25 and under then look for a slow all day move back to highs, higher this pops at open better the short for quick points then go LONG on the bottom curl
6) $ORLY Gaping up +$9 on $AZO Numbers (210.08)
Stock gaping up +$9 I would SHORT this at $219 area any pop at open if it comes again this would definitly gap fill back to $212 and under then look to go LONG for slow all day move to the upside on AZO numbers.
7) $AAP Gaping up +$2.50 on $AZO Numbers (98.58)
Stock gaping up +$2.50 I would look to short this gap here at $101 and any pop at open then look for a decent gap fill pullback to $98.75 and under then go long for a slow all day move to the upside on it. More it pops better the short for quick bucks just look for that bottom curl on the pullback then look to go LONG on it.
8) $AAOI Gaping up +$1.30+ this Morning, possible another play in it today (66.29)
Stock gaping up +$1.30 watch for quick pop at open thru $68+ then look for this to gap fill back down to $65-$66 this had a huge run yesterday so look for decent pullback on it then watch for bottom curl then look to go LONG a few for a nice move to the upside
9) $ICPT another day another move to $98-$100 (95.75)
Stock gaping NONE I like to see this pop at open towards $97 then look for a snap and pullback to $95 an d under then look to go long on it, if this pulls at open to $94 area let it bottom out then go long and play a nice 2-4pt bounce on it, should be fun
10) $OLED Gaping up on yesterdays $161 Goldman Call PT (136.70)
Stock Gaping up +$2.50 I would consider taking some SHORT here ay $139 area with room to add at the open this is up thin on air so I’m looking to gap fill this back to $137 area and under at the open then look for a nice slow all day move to the upside
$ALDX Prices ONLY 3.45mil at $7.25 (9.10) I would eye the opening and look to take a few long at $7.50 room to add at the open to $7 then have a decent average then look for a nice slow move to $8-$8.25 this is a small fill but get as close as you can to $.25 to LONG it
$UBNT Reaffirms Outlook and suggests to add 100million Buyback (50.60) Gaping up +$1 look for pop at open then lets see if it tops off look for lower lows then potential short on it, lets see if it pulls at open to $49 and under go long and bounce it for 1-2 pts