Pre Market Game Plan by AJ – 9/26/17
1) $IZEA Reporting they won Q3 Contract worth over 7 figures Hmmmmmmmm (4.85) Why not show the details if its real?
Stock gapping up +$2 Shorts punked HUGE gapping up +$2 I would love to see a small pop at open thru $7-$7.50 at the open on shorts trying to exit then look for a decent sell off, possibly to $5 spot. This will be very interesting how it pulls when it tops off, so may have a nice short in it. Just wait for it
2) $PRQR announce top Line Phase 1b +JMP Tags and raises PT from $14 to $20 (6.45)
Stock gapping up +.35 I would take a few LONG here at $6.50 room to add at the open towards $6.40 area look for bottom curl then slow all day move to $8 or more, I like the call and the upgrade think its worth a move to $8++
3) $TSEM Credit Suisse Tags a OutPerform Rating with $36PT (29.04)
Stock gapping up +$1.24 I like the call but would be more interested in SHORTING the gap so would nibble some SHORT here at $30.25 room to $31+ at the open then look for a nice gap fill pull back to $29.20 and under then look for bottom curl then look to go long on it should be fun on the pop and pull
4) $XLRN 10% Owner of CELG BUYS 745,000 shares at $37 a share (34.92) Gaping up on MM’s holding it
Stock gapping up +$1.07 on NO volume, this is telling me that they want this to move today, so I would look for a nice pop at open to $36+ if it comes, then look for the gap fill sell off short back to $35.25 and under then look to go long for an all day slow move towards $37 I love this size and the $37 he bought with stock being $35 a share gives us room to go LONG on it (wait for it to set up)
5) $ICPT RBC out with PT of $200 from $240 and Citi out with $92PT (61.23)
Stock gapping up +$2.50 this morning, I like the calls this morning I think this has a decent move to $65-$68 today so If this pulls at all to $60 area at the open would look to scale in LONG on it for an all day slow move to the upside, if this pops at open look for the $64-$65 spot before it gives back and gap fills a few then look to go long, I think we have a nice play in this today
6) $AAOI This should rebound today nice after yesterdays wreckage (61.11)
Stock gapping up +$1 I would like to see this pop at open possibly to $63+ area then look for this to pullback and gap fill to $60.50 area then look for a possible all day reversal back to $65 on the stock, lets see how it opens and sets up either way I think it will be active for us today.
7) $RHT Earnings Beat (105.76)
Stock gapping up +$5 I would like to see this pop at open a little more towards $112-$113+ area at the open then look for this to sell off and fill some gap on profit taking, I personally would love to see a sell off towards $105 and under so watch for a pop and fade on this on profit taking, keep an eye at the open and lower lows once it begins to pull.
8) $DRI Earnings Miss (83.14)
Stock gapping down -$2.50 I would like to see a small pop then look for lower lows then all day fader on it, numbers were horrible and I think we get a nice fade on it, I would love to short here at $81 spot BUT i think we pop a little more on short covering before it begins to fade all day so wait for this to set up, if this pulls hard at open to $78 area or under BOUNCE it for +$2pts
9) $SNX HUGE Beat HUGE! (116.50)
Stock gapping up +$11 I like to see more of a pop at open possibly to $129-$130 spot at the open then look for a nice 3-5pt pullback on profit taking then slow all day move back to highs, I don’t think this will gap fill so it should stay above the $120 mark, if this sells off on profit taking and pulls back to $120 and under at the open I would scale in LONG on it.
10) $NVDA Deal reporting supplying GPU Hardware to BABA BIDU TCHEY (171.00)
Stock gapping up +$5 I like to see this pop a little more towards $177-$179 area then look for a decent profit taking pullback to $173 and under then look to go LONG on it, I like the news but I feel this gap up should get filled before legging up, if this pulls at open watch that $173 as a base and see if it begins to rebound