Pre Market Game Plan by AJ – 9/25/17
1) $ARDM Co announce FDA has accepted its request for a new drug application (2.53) REALLY?!
Stock Gaping up +1 imo this should just pop and fade so look for sheep to chase potentially to $4+ watch the lower lows to set in then look to fade this imo back to Friday’s close.
2) $IZEA company announce release of its AI System (3.20)
Stock Gaping up +$1.50 I think this is all noise, so if this pops at open on short squeeze or chasers look for move towards $6 personally I think this just pops and fades back to $3.50 or under, if this pulls hard at open to $3.50 and under watch for bottom curl then look to go long on it.
3) $HMNY Movie Pass information Mixed noise stock gaping up (6.97)
Stock gaping up +.80 I would actually look for small sheep chasing pop at the open followed by a nice gap fill pullback to $7.10 and under, if this yanks hard at the open to same area bottom curl it go LONG and play a bounce to $8+ this stock has a tendency to whiplash quick at the open so watch for it. More it pops better the short for us, News is lacking
4) $NLNK Entering collaboration agreement with AZN to evaluate company therapies potential pan cancer (10.99)
Stock gaping up +.50 I would take a few long here at $11.50 with room to add on any pull back at the open I think this has a nice run towards $12+ today on this news, if this pulls at open at all I would look for gap fill on it then go LONG I think this news and collaboration is what the company has been seeking for awhile I think we get a few upgrades on this.
5) $BSTI Friday’s nice IPO (12.05) Typically after a good outing on an IPO the next day gets 1 more push
Stock gaping .20 I would take a few LONG here at $12.25 area room to add on any pullback at the open stock has potential to run to $14 today so wait for it to set up and show you, if this pulls at open watch for the $12 and under area then watch for bottom curl then look to go LONG on it. Should be nice
6) *****$SODA Susquehanna Raises HUGE from $79 to $90!!!! (59.13)
Stock gaping up +$1.40 This should be in play for a move to $63+ today so watch for ANY pull at the open towards $59.50 or under then look to go long on it off the bottom curl, if this pops at open to $62 then scale in SHORT and gap fill it back then go long
7) ******$EDU BofA Tags a BUY rating and raises PT from $85 to $105 (85.58)
Stock gaping up +$1.40 I love this call stock has range but use wide stops I like to see this gap fill would nibble a few LONG at $86.50 area if it comes room to add at the open look for bottom curl then all day slow move to $88-$90 today stock has range and I like the call especially from BofA
8) $ICPT Bounce play with Conference Call going on and Credit Suisse Reiterates & says to buy on weakness $204 PT (61.59)
Stock gaping up +$5 I like to see this pop more at open possibly thru $70 then look for a nice pullback on it around $65 area or under then look for a nice slow all day move towards potentially $72-$75 on it, if this pulls hard at open look for the $62 spot to go long bounced off that twice this morning, I think with todays CCall this rebounds some
9) $ROST JPMorgan Tags a BUY rating and increases PT to $74 from $65 (60.89)
Stock gaping up +$1.60 I would like to see this pop a little more but lean into this short here at $62.25 area room to $63+ at the open look to gap fill this back to $61 area or under then go long on it for all day slow move to the upside, if this pulls at open and gap fills to $61 and under then look to take a few long on it
10) $OUT Has been recommended to be awarded NY Metro agreement (21.04) Really stupid
Stock Gaping up +$2 up thin look to take some short here at $23 room to add at open then look for quick gap fill flush back to $21.25 and under then be done with it. So stupid! Gaping up on this crap
$GPC will acquire AAG from Blackstone (87.98) Gaping up +$9 would take a few short at $97-$98 room to pop at the open look for a slow fade to $91-$92 on this news is great but stock is up huge needs to settle watch for the pull on it,