Pre Market Game Plan by AJ – 9/22/17
1) $SVRA Jefferies Tags a BUY rating and Tags a $20PT (9.47)
Stock Gaping up +1.00 I like to see quick pop at open to $10.50-$11+ scale in SHORT gap fill it back to $9.70 and under look for bottom curl then go LONG for a slow all day move to the upside. Should be fun
2) $FINL Earnings Mixed (9.22)
Stock Gaping down -.60 I like to see a possible flush at open to $7.50-$7.75 if that comes look to take a few long and play a nice 1pt or more bounce on it on short covering. This should be good for play if this pops at open look for $9 spot then scale in SHORT on it.
3) $ASND Gaping up on on $VSAR fail multiple upgrades (27.74)
Stock gaping up +$14 I would consider taking a nibble SHORT at $41 but please be aware this is a thin stock and has room to $45 spot at the open before this comes down, so if this pops and begins to fade I would be looking for this to touch $33-$34 on the oullback alo of bag holders will be cashing out on this one today so keep an eye out on the potential sell off. I think this is up way to high here imo
4) $AKTX Interesting set up here William Blair Tags an OutPerform on the stock NO PT? (8.74)
Stock gaping up +.50 I like to see this pop at open possibly to $10-$10.50 on quick push outta of the gate then look for this to pullback some and gap fill to $9 and under, if this pulls decent at the open to $8.50 or lower look to go LONG on it. Should be fun
5) $GRUB Earnings Miss (53.51)
Stock gaping down -$3 I like the LONG at $50 spot so if this pulls again at open look for that $49-$50 spot to be bottom let it set up on the pullback if it comes then get in long and play a 1-2pt bounce on it, if this pops at open look for a $52.50-$53 top then look to short it and fade it all day on it.
6) $JUNO 225million at $41 beautiful offering should already done on the fill (41.62)
Stock gaping up +$2 as I said yesterday $41 was the spot to go LONG on it, so if this pulls at open on a quick flush watch anything in the $41 area and scale in long, if this pops hard at open look for a quick $44+ then snap it bakc for a quick pull and flush then look to go long on it.
7) $VERI another gap down another day in it (53.70)
Stock gaping down -$2 I would take a few long here at $51 area room to add at the open looking for a quick pop for 2-3 pts out of the gat then small short then go long on it, if this pulls hard at open look for that $45 as the spot to go long, so just watch how it opens
8) $ICPT Bounce plays and scalps ONLY today (73.70) RISKY RISKY RISKY THIS HAS ROOM TO $50 TODAY
Stock gaping down -$7 I like to see a quick pop at open IF it comes on some short covering to $72+ then look for all day possible fader, However if this pulls hard at open to $60-$62 spot go LONG and play a quick bounce on it for 4-6 pts then re short it, more it pulls at open better the trade for us on the upside.
9) $KMX Earnings Beat (68.84)
Stock gaping up +$3 I would take some short this $71 area room to $73 at the open and look to short this back to $69.50 and under I’m looking for this to pop and gap fill, so more it pops better the pullback on it if this pulls at open look for the $67-$68 covers then look to go long on it.
10) $VSAR Bounce play only (21.60)
Stock Gaping down -$18 I like to see small pop at open possible to $4-$4.50 no more the $5 on this on a short covering bounce imo, if this pulls at open to $3 and under look to scale in LONG on it and play a 1-1.5pt bounce on it