Pre Market Game Plan by AJ – 10/4/17
1) $RGSE announce exclusive domestic and international license agreement with DWDP (.82)
Stock Gaping up +$.90 this is a Game changer for this company imo this is also a former runner. I like to see this pop at open to $2.50-$2.75+ area on chasers then look for a decent pullback then curl the go LONG, if this pulls at open to $1.25 or under I would watch for the curl and go LONG this is HUGE NEWS imo!!
2) $MTBC had continuation from yesterdays roar to $4.14 from $3.16 close (3.16)
Stock Gaping down -.25 would take some LONG below $3 and see if we get a solid pop at open to $4-$4.50+ then look for a decent pullback on it then bottom curl then we play again, think this could end up over $6 if we get the volume on it. 1 to watch for sure
3) $CTMX announce collaboration with AMGEN get 40 mil upfront plus 20mil in stock purchase (19.00)
Stock gaping up +$6.50 I like to see this pop a little more at the open towards $26-$27 area then look for a decent profit taking sell off to $22 or under if we can get it then look for bottom curl then look to go LONG on it, If this pulls at open hard to same area on profit taking look to go long on it for an all day slow move to the upside.
4) $FOLD announce positive results from phase 1/2 (14.87) Really Phase 1/2 REALLY!!!
Stock gaping +$2.5 imo any pop at open I would scale in SHORT and gap fill this back to $15 and under, this news doesn not wrrant the gap up so look for this to just pop and fade.
5) $TEVA getting hurt on $MYL FDA approval (18.82)
Stock gaping down -$3 I woul dlike to see this pop a little at open possibly thru $17+ then look for lower lows to set in and fade it back for all day slow move to the downside, if this pulls at open hard to $15-$15.50 or under would take a few long and play the 1-2pt bounce on it for nice money.
6) $MNTA Getting hurt on MYL FDA approval (17.50)
Stock gaping down -$5.50 I would love for this to pop at open and squeeze back thru $15-$15.50 or more before topping off and fading BUT if by luck we get this to shred back to $12-$13 area look to go LONG on it. Should be fun!!!
7) $MYL Gets FDA approval on generic Copaxne (32.53)
Stock gaping up +$6 this is a HUGE for MYL however this will have some nice profit taking on it so watch for a small po maybe thru $39.50-$40 levels then look for this to give back and take it back to $34-$34.50 area then look to go LONG and swing this, this is needed HUGE for MYL so expect this to have serious volume today and nice upside move.
8) $GBT gets a 5.2% stake from group 72 Steve Cohen (29.70)
Stock gaping up +1.00 would like to see some sell off at open to $30 and under then scale in a few LONG and look for an all day slow move to the upside on it. Should touch $31+ might even see $32 if it gets going
9) $NLNK prices 5mil shares at 10.25 (10.91)
Stock gaping down -.40 I would simply buy on weakness today on this so if this opens and pulls to $10.50 area or lower grab a few LONG then add if it hits $10 spot carry a decent average look for a quick move to $11 for .50 cents to $1 move this should fill quick and smooth
10) $JWN Amzn Chatter and noise on the stock today (44.20)
Stock Gaping up +$1.00 I would grab anything at open at $44.35 area or under if it comes and potential small move to $46 on this stock today, keep an eye on it.
$CLSN SHORT it with the warrants and other crap like to see $3.50 or under at open then maybe a qucik .0-$1 bounce just be careful with it.