Pre Market Game Plan by AJ – 1/19/18
1) *****$AAOI confirmed Feb 21st Earnings (32.79)
Stock Gaping up +$2.20 would scale in SHORT here at $35 look to add on ANY pop at open then look to gap fill this quick to $33 and under then look to go long on a slow all day move to the upside. IMO I think bottom is in on this stock.
2) $ATRA WOW Canaccord ups PT from $47 to $70 following Phase 2 approval (27.50)
Stock Gaping up +$2 I love this call and would consider BUYING $35 weekly calls on this. I think this gets a solid run today, BUT please keep in mind its up over the last few days. SO look for a pop at open thru $30-$32 area then look for topping gap fill this back to $27.50 area or under let it dip and sell off then look to go LONG for a SWING idea or more I’d like to see this touch $35 soon
3) $SQ Nomura Tags a BUY rating with $64PT from $48 (40.27) This stock has been waiting for this kind of upgrade
Stock Gaping up +$2.50 would consider taking SHORT at $42.60 area room to $43 at the open and look for this to gap fill back to $41 and under then look to go LONG on bottom curl consider a swing on this. I see this touching $45-$47 in the next few days.
4) $OSTK Overnight win from $70.50 Stock hit $75 for +$5 points this morning plus KR headlines for potential buyout (71.25)
Stock Gaping up +$4 points I like to see this pop at open on short squeeze could get to $75-$77 then nail the short on it and bring it down hard to $71 and under then watch for bottom curl then look to go LONG on it. If this pulls right at open on Profit Taking to $71 and under go LONG and bounce it. In fairness I nailed this today!!! For all of you that overnighted for over 5 points in the money!
5) $MLNX Earnings Beat (65.10) NOTE: $MLNX tends to sell off there gap fills so watch for this to pull imo
Stock Gaping up +$4 I would consider taking SHORT here at $69 room to $71 at the open and look for this to pull back and gap fill back to $66 and under for quick money and then look for slow all day move back to highs
6) ************************$KSS Jefferies Tags a BUY rating and ups the price to $100 from $66 (64.85) OMG!!!! $100
Stock Gaping up +$2 with this one, I would like to see you buy 70 weekly calls or Feb $72 I like to see this pop a little at open followed by a nice gap fill pull to $65.50 and under then look to go long on this for a swing trade idea to $70 either today or by Tuesday
7) $APPN William Blair d/g this today to Mkt Perform 5th d/g in 10 trading sessions (36.15)
Stock Gaping down -$1.65 I would prefer this to small pull at open followed by a gap fill back to $35.85+ then look to lean into it short for an all day slow move to the downside. If this pulls hard at open to 33 area look to go long and play a nice 1.5-2pt bounce on it then scale in short on it for all day fader
8) $TEAM gaping down on missed #Earnings (55.50)
Stock Gaping down -$2 would go LONG here at $53.50 expect a push at open to $55+ then scale in SHORT and look for a potential all day fader back to lows.
9) $CNET Gaping up but not seeing significant news (4.00)
Stock Gaping up +.30 any pop at open imo without significant news behind it is a short idea, so look for this to pop and fade, if this pulls at open then look for the $4 gap fill then look to go long on it for a possible ,40-,55 cent move
10) $NTES Goldman Sachs goes Crazy and Tags a PT increase to $432 from $340 WOW (322.19)
Stock Gaping up +$8 I would consider buying 350 weekly calls or Feb 350’s on this. On this PT increase this should rock today. So with that said, watch for quick pop at open to $334-$336 then scale in a few short gap fill this back to $325 and under then look to go long IF this, IF this pulls at open to $325 or under go LONG!!!
$FORD acquires product design IPS (1.24) Stock gaping up +$1 I like to see a pop at open with volume to $3+ maybe we see $3.25 on it, I will be eyeing this all day today, this may pop, pull curl, FLAG and run and if it does I will be there to rock this to $5. If it pops and lower lows begin to set it then we just fade it back all day to $1.35 and under and wait for the ATM
$IPO $NINE Priced on the high end at $23 a share would like to see 1-1.5mil at the open and hopefully $25 and under then look to go long on it. This is the kind of play you buy and tuck away in your IRA or retirement the closer it opens to $23 better the Day Trade for us