Pre Market Game Plan by AJ – 1/18/18
1) $MARA acquires “BlockChain” Patents (3.47)
Stock Gaping up +.80 I like the use of the PR to indicate mentioning “Patents” should get some attention today. Decent volume so far, like to see a pop at open then watch for topping then lets keep an eye, if I see massive flag with some serious buying I will let you all know, if this just pops and fades watch the $4 spot of a potential all day fader. For now want to see how it reacts at open
2) $GNC Earnings Beat (3.47)
Stock Gaping up +.60 I like to see small pop at open to $4.50+ area then watch for decent pullback on profit taking back to $3.65 and under, if this pulls at open watch for that $3.65 spot then look to go long on it, should be fun once we get the pop on it.
3) $ESIO Earnings Blowout Nice numbers (22.01)
Stock Gaping up $5 I would like to see this pop more at open towards $29-$30 area if it comes then look for a nice 2-4 point gap fill pullback on it, if this small pops at open an lower lows set in look for a pull to $23.50 area then look to go long on curl and all day slow move to the upside, I like the beat on it alot, but stock is up big right now so I want to see how it reacts before sizing in
4) *****$BGNE Goldman doing an offering today over 7million at $101 (102.63)
Stock Gaping up +$9 Points, I would consider taking a few short here at $111+ with room to $113 at the open small size is ok think this gap fills back to $105-$106 on it, I’m not understanding why this is up so much but looking for the gap fill on it for sure for easy money
5) $LIVE Another imo fake Blow-out Numbers, they do this all the time this time up over 213% they are saying (14.63)
Stock Gaping up +$4 I like to see this pop at open and get back thru $20.50 maybe $22 then watch for topping on this, LIVE typically will gap up, pop and once the lower lows set in, its a fader from there. LIVE always always always gives blow out numbers then alsways gives back there gap ups on ATM or profit taking from bagholders
6) $HTZ Macquaire Upgrades the stock to Outperform and tags a $30PT from $26 (21.06)
Stock Gaping up +$1.25 I like to see this pop at open just a tad more towards $22.50-$23 then scale in a few short gap fill it back to $21.30 area or under then look to go long on it. I like this upgrade and gap up, BUT before legging up I really like to gap fill at least .50-$1.00 on it for quick money then we can go long for an all day slow move to the upside
7) $AA Earnings Mixed Earnings off by .19 cents worse (56.99) BofA Lowered to $63 from $67 BUT JPMorgan raised to $68 from $55
Stock Gaping down -$4.90 I would be buying the weakness at $52.50-$53 and adding on any pullback, I think in the end this will end up back to $55+ by eod, If this dumps again hard and slams below $52 area dont worry, grab a few and play a nice move to the upside on it.
8) $PANW Evercore Tags a BUY rating with $180PT (154.23)
Stock Gaping up +$3.65 I like the call, However stock is gaping up over +$3 so watch for a pop to $159-$160 if it comes scale in SORT and gap fill this back to $155 area and under then bottom curl then go long on a all day slow move to the upside, I like this upgrade and I would be considering buying $160 weekly Calls on this.
9) *******$ARGX Here weeeeeeee go again gaping down for NO reason (67.67)
Stock Gaping down -$3 I would consider taking a few here LONG at $64.80 area room to add at the open on any pullback on it then look for a nice gap fill back to $68+ then fade it, this did this exact thing 2-3 days ago and ran right back to $70, not sure why its down but thinking its giving us another opportunity to make a few bucks so lets see if it pops at open
10) $KMX Oppenheimer Tags an OutPerform on this and raises PT from $80 to $88 (69.84)
Stock Gaping up +.2 with NO Market Makers, so watch for pop at open to $72.50-$73.50+ then quick snap back to $70.50 and under nibble a few long on the bottom curl on it then look for a slow all day move back to highs, I like the call and think by Mond this hsould be over $75+ on this call
$SYMC Jefferies Downgrades this to hold and lowers the PT to $23 from $30 (27.52) Going down -$1 would take a few short here at $26.50 room to add at the open then look for this to fade to $25 and under on this call, I’m being aggressive so if this pops at open on short squeeze let it but don’t be scare in the end this will fall imo.