Pre Market Game Plan by AJ – 5/3/17
1) $PIRS signs collaborate agreement with AZN (2.40)
Stock gapping up +.90 I like the news, but will need to see how it reacts at open, I like to see it pop and flag at open to $3.60+ then rush to $4+ then look for topping on it, if this pulls at open hard to $3 and under watch for curl on it take a few long and let it rip
2) $ETSY Earnings miss and Guidance (11.39)
Stock gapping down -$2 I like to see a pop at open to $10.50 on short covering then watch for topping then look to fade this for an all day fader, if this pulls at open hard below $9 look to scale in LONG and play a nice 1 point bounce on it.
3) $FEYE Earnings Beat and Guides up (12.21)
Stock gapping up +$2 I like the beat, 2 ways to play this, this pulls at open on profit taking to $13 and under then scale in LONG on it, or this pops at open rushes to $15+ then we keep an eye on the lower lows to set in and fade it back to $13.50 on profit taking. Either way I feel their will be profit taking on this.
4) $CRAY Earnings Miss (18.55)
Stock gapping down -$2 I like to see this pop at open and gap fill back to $17-$17.50+ at the open watch for topping then look for this to be an all day fader back to lows, if this pulls hard at open to $15.50 area look to pplay a nice .50-1pt bounce on it.
5) $WTW Earnings Beat (21.19)
Stock gapping up +$3.40 I like to see this sell off at open so I will be watching any aggressive short squeeze pop at open possibly thru $25+ then watch for topping then look to fade this back down to $22.50-$22.75 then watch for bottom curl then scale in LONG on it, if this pulls at open to same area then look to scale in LONG think we get some upgrades on this today
6) $MYGN Earnings Beat (18.68)
Stock gapping up +$2.20 I like to see this pop a little more at open thru $21+ then watch for topping then look to scale in SHORT and gap fill it back to $19 an under on profit taking, if this pulls at open to $19-$19.25 or under scale in a few LONG and look for an all day slow move to the upside.
7) $TWLO Earnings Disaster GUIDES LOWER due to UBER! (33.94)
Stock gapping down -$10 I like to actually take a few here at $23.50 area with room to $22 at the open IF it comes and look for a nice bounce on it I like this to bounce at open to $27+ then watch for topping then look for this to fade for the day, higher it squeezes on short covering better the fade, if this pulls hard at open I want it long for a nice 3-4 point bounce
8) $IPHI Earnings Miss (40.54)
Stock gapping down -$5 2 ways to play this, this pops at open on some short covering to $37-$37.75+ area then look to fade this all day to $33-$34 or under, if this pulls at open hard to $33 area watch for bottom curl then play a nice 2-3 point gap fill bounce on it
9) $AKAM Disappointing Earnings Multiple downgrades today (62.50)
Stock gapping down -$8 2 ways this pops at open and short covers back to $57-$58 at the open tops off then look for an all day bleeder on it, or we get a nice flush at open to $51 area or under then scale in LONG for a nice 2-4pt bounce.
10) $EVHC Earnings Beat (58.32)
Stock Gapping up +$1.75 2 ways this has a nice pop at open to $61-$62 then look for a nice gap fill pull on it to $59-$59.50 area or under then scale in LONG for a nice all day slow move back to pre-market highs, if this pulls at open to $58.70 or under on profit taking look for this to go long and play a nice 2+point bounce on it.
$ESES Receives 2 year contract with largest operator in Argentina (1.04) Gaping up +$1 I like this to be a fader on the news so any pp thru $2-room to $3 I like this to just top off and fade the news back to $1.20 or lower higher it goes better the fade.
$ETRM Laden Tags a BUY rating with $11PT (4.17) Gaping up +.40 would actually take a few here at $4.55 area add on dips if they come look for a nice move to $5.50+ on this upgrade this is a former runner not to much risk for a potential 1 point reward
$DLPH Earnings Beat (78,45) Gapping up +$8 I like this to pop a little moe at open to $86+ area on short squeeze then look to scale in SHORT a few and look to gap fill it back to $80-$81 if this pulls at open to same area wait for the flush on it then scale in LONG for all day move to the upside