Pre Market Game Plan by AJ – 9/27/17
1) $IMNP prelim results from 6 patients enrolled in on-going open label (1.20) Really???
Stock Gaping up +$.60 any POP at open imo will be a SHORT opportunity watch for small pop then lower lows to set in then look for potential all day fader back to $1.25 $1.30 or lower.
2) $MARK Awarded 7 figure Contract from an outfit in CHINA providing facial recognition (3.53) REALLY???
Stock Gaping up +$1.60 I would like to see small pop at open possibly to $6 spot area or lower then watch for lower lows then potential all day fader on it, I believe news is ok nothing stellar but the stock imo will just fade the news so look for shorts on it
3) $ZEAL Goldman Sachs Tags a BUY rating with $26PT (18.07)
Stock gaping up +$1.10 I would like to see a small pop at open possibly thru $20+ scale in SHORT gap fill this back to $18.50 or under then look for bottom curl then slow move to the upside on it. Should be a nice fun one to play today.
4) $ASND Offering 3.8million at $35.50 (37.10) Small amount
Stock gaping down -$1 I like to see this pull at open if we get lucky on it so $35.50 or under if it does look to buy a few LONG and this should go all the way back up to $37 area the offering is small and perfect for a pull and bounce for us.
5) $AMBA Speculation from sell side note that AMBA chips “May” be included in Google Nest Home (45.60)
Stock gaping up +$2.80 I would consider scaling in SHORT here at $48 area with room to add at the open then look for a nice gap fill to $46 and under then possible curl and slow all day move back to highs, AMBA tneds to sell their gaps so look for this to gap fill
6) $LITE MKM Partners put a PT of $66 on it this morning stock gapin up on it (50.80)
Stock gaping up +$2 I like the call stock has been beaten down for quite a bit, ANY pop at open towards $54 look to scale in SHORT and gap fill this back down to $51 and under then look to go LONG on it, I love the gap up here to short so if you want to nibble a few now here at $52.80 area just give it some room then watch the pull back on it. If it comes down to $51 area look to go LONG on it
7) $KORS Canaccord Tags a BUY rating with $58PT from $43 (47.03)
Stock gaping up +$1.40 I think the stock has room to run today so look for a little more of a pop at open would love to see thru $48.50-$49 area then scale in SHORT then look to gap fill this back to $47.50 and under then look to go LONG on it, if this pulls at open to same area then scale in LONG for an all day slow move to the upside on it.
8) $MU Earnings Beat JPMorgan Tags a $50PT from $40 (34.18)
Stock gaping up +$2 I like the beat and the PT all accross the board I would like to see this pop some at open if possible to $37+ at the open then look for lower lows to set in and look for a nice 1-1.5pt fade on it, I do not think this will fill their entire gap not this time imo but we will get at least a 1 point pullback on it or more before another leg up on it imo
9) $NKE Guidance miss I’m seeing PT to $50 and under this morning (53.70)
Stock gaping down -$2.60 2 ways to play this, this pulls at open hard to $50.50 area then look for a nice 1-1.5pt short covering bounce on it then look to fade this all day long, if this pops at all at the open and short covers to $52.50-$53 scale in SHORT for an all day fader on it.
10) $LRCX MU and AMAT is helping LRCX gap up today (169.44)
Stock Gaping up +$6 I like to see this pop a little at open then look to short this and gap fill this back to $170-$171 area or under then look to go long, I believe this will gap fill back for 1-2pts to the downside at the open so this could be quick if this pulls hard at the open then look for a nice gap fill to $171 then go long on it
$EDIT Pre Clinical News (20.30) LOL LOL LOL SHORT SHORT SHORT Gaping up +$1.20 any pop at open is a SHORT for 1 point gap fill
$ELF watch for a pop at open think this has room to $22-$22.50 today so keep an eye on it today nibble a few long or keep your long (21.05)