Pre Market Game Plan by AJ – 9/21/17
1) $ITUS Renews research agreement (1.93) LOL wow ok…
Stock Gaping up +.20 Like to see this pop at open towards $2.50 spot or more then eye a nice pullback for .50 then bottom curl it then look to go long, I think this gets picked up on in many chats, but keep in mind already has had a run so I think the pop will be short lived and we can get in and short it.
2) $BCRX FDA approval for neuraminidase inhibitor for the treatment of acute uncomplicated influenza (5.27)
Stock Gaping up +.50 Look for this to pop at open towards the $6+ area then look to fade it watch the lower lows to set in and fade this back $BCRX tends to always sell off their pops so eye the short on it, higher it goes better the fade imo
3) *******$JKS Axion puts a SELL rating with $10 PT (26.29) WOW!!!!! SHORTS HARD TO LOCATE
Stock gaping down -.50 I would scale in SHORT some here at $26 area room to add at the open look for everyone that can locate shares to get on this and look for a nice fade below $20 this is a HUGE call lets see if this gets hit hard just remember thin float so this may pop huge at the open on everyone trying to get in on the action
4) $FOLD granted Orphan Drug (14.92)
Stock gaping up +.50 any pop at open is a SHORT on this stock, FOLD can never hold its gains so any slight pop look to fade it off, if this pulls hard at open look for gap fill at $14.90 or under then possible bottom curl then go long on it.
5) $RDY Morgan Stanley Tag an overweight on the stock (35.68)
Stock gaping up +$2 I would scale in short on this here at $37.80 room to add at the open possibly to $38+ area then look for this to gap fill back to $36 or under then look for a nice all day slow move to the upside. this should get gaped filled quick if this pulls at open to $35.75 or under then look to go LONG on it.
6) $VERI This stock but in play today (46.13) Risky Trade and THIN!!!
Stock gaping down -.80 if this pulls at open hard to $42-$43 play a nice bounce on it for 2-4pts easy, if this pops at open to $47-$48 area lean into it short and let it pull down 2-3pts quick then look to watch it settle in then possible slow all day move, should be fun
7) *****$GBT Needham Tags a BUY rating with $51PT (28.60) Remember this always pops and dumps before moving at all
Stock gaping up +.90 I like to see this pop at open towards $30-$31 IF it does look for this to pull hard at the top back down to $29 and under then look to take a few long, if this pulls at open to $28.75-$29 then look to go long think we get a nice move to $30-$31 on this
8) $AMD Lost of noise on this with TSLA (13.74)
Stock gaping up +.30 I would prefer to see a pop at open then look for a nice little sell off on this news back to $13.35 or under, if this pulls hard look for a $13.25 or under bottom then scale in long on it. We need to get this set up before really taking size on direction
9) $NVDA Gaping down on AMD News (185.84)
Stock gaping down -$3 pts I like to see this break over $183 on it then look for a solid move and fill the gap back to $185+ I thin this will be bough back up, if this pulls at open to $179-$180 or under watch for bottom curl then go LONG on it. Should be fun
10) $SCHL Earnings Miss (38.51)
Stock Gaping down -$2 I like to see this pull a little more at open to $35 and under then look to go LONG on it and play a nice 1-2pt bounce on it, if this pops at open to $37.50+ on short covering watch for topping on it then look to fade it all day