Pre Market Game Plan by AJ – 1/25/18
1) $LTBR to host conference today announcing major development on ? (2.15) I’m going to announce later I’m going to eat dinner
Stock Gaping up +$2 Imo this should be a pop and fade back to $2.75 and under this is a bunch of crap to be up without the actual announcement BUT with that said, if this pops at open towards the $5 spot on chasers look for $5-$5.50 then look to fade it if lower lows set in at the open just scale in a few short and fade it for an hour or 2 before the actual conference begins. BE out of your short when conference starts regardless!
2) *******$NTNX JPM tags an underweight on this with a $30PT (36.40) Love this call and love the gap down
Stock Gaping down -$2 I like to see a pop at open on some short covering towards $35.50-$36 then scale in SHORT for an all day bleeder on this to $32 and under. IF you want to take some now? Nibble a few here at $35.10 but give it room to add at open then look for the lower lows to set in and fade it.
3) *********$SSTI announce agreement with VZ to expand gunshot protection (16.13)
Stock Gaping up +$2.40 I would scale in SHORT here at $18.55 room to $19 at the open and look for this to dump right at the open it lacks volume right now and Imo in the end this should just quick pop scale in SHORT and gap fill it back and fade it should be quick for easy money for us all.
4) $SMMT positive 24 week “interim results” from Phase 2 “proof of concept (12.21) Really and this is news worth a 3pt gap up?
Stock Gaping up +$5 this morning, Let this pop here from $15 spot see if it gets back to $17 or more then look to short this back down and gap fill this back to $13.50 and under, I think they will try and prop this all day and keep it up some to get an offering out of it, so be aware of that. If this pulls at open towards $14.50 AGAIN would nibble short and begin to gap fill this back to $13.50
5) $KR Gaping up on the idea that they may want to do something with BABA to compete with $AMZN (29.48)
Stock Gaping up +$1.10 I like this to small pop at open then look to gap fill this back to $29.70 area and then look for bottom curl then go long, $KR tends to gap fill, but I like the news and what there trying to do, but to me its all words, so let it pop, top then look to fade it down. If it pulls right at open flush it down gap fill it then go long for an all day slow move to the upside
6) ********************$VAR Hmmmmmmmmmmm Goldman Tags a sell rating right on #Earnings with a $98 PT (113.05)
Stock Gaping up +11 points I would actually nibble some SHORT at $123 room to $125 at the open be careful with size let this small pop and then yank and pull and sell off for 10 points. I like this HUGE call by Goldman but we need to be careful on size because this may squeeze a little hard with everyone trying to get in on the easy money so start small let it push then we nail the top and shred it
7) $MZOR Gaping up on $Earnings from others (60.60)
Stock Gaping up +2.50 would take some short here at $63 room to $64 at the open look for quick gap fill at the open flush down to $61 and under then bottom curl then you can go long, this is up thin so don’t worry this will pop and pull and gap fill before legging up
8) $ONCE enters licensing agreement with NVS to develop and commercialize voretigene (55.36) Multiple upgrades this morning
Stock Gaping up +$3.20 I would nibble some SHORT here at $58.50 room to $60 at the open then look to gap fill this back to $56 and under for quick money, I think this will pop, gap fill then look for bottom curl on it then look to go long on it back to highs
9) $TAL Earnings Positive (28.51)
Stock Gaping up +$3 I would love to see this pop a little at the open on short squeeze to $32-$33+ if it comes then look for a nice 1-2point profit taking sell off on it. TAL did well but in the end I think this gap up will get filled at least 1-2 points on it. If this pulls at open look for $29 spot on it then look to go long should be fun
10) $LRCX Earnings Beat (209.73)
Stock Gaping up +11 Points, I like to see this pull at open to $212 and under then look to go long on it back to highs, if this pops at open towards $222-$225 look to scale in short and nail it for a 5-8 point pullback. If you take some now at $220 give it room to add at the open,