Pre Market Game Plan by AJ – 1/9/18
1) $JKS Goldman Puts a SELL Rating and cuts PT from $24 to $16 (24.13) SWING SHORT consider
Stock Gaping down -.65 I would actually consider taking a few SHORT here at $23.50 area room to add on the gap fill back to $24 have a nice average and look for potential all day fader on it. I thinks this is the one that finally yanks it down to $20 and under.
2) $BGFV Lowers Guidance (7.85)
Stock Gaping down -$1.35 I would consider taking a few LONG at $6.5 room to add on the pull at open BGFV tends to fill there gap downs quick then look for an all day fader. Looking to get a quick .50-.75+ out of the gate before the fade kicks in, IF this pulls at all at the open to $6 and under watch that bottom curl and nail it long for quick money. Should be fun
3) $UA Susquehanna Cuts to NEGATIVE from Neutral with an $11PT (14.78)
Stock Gaping down -.50 I like to see this one sell off today, it’s ok to nibble a few SHORT here at $14.22 area room to add at the open may even squeeze a little towards $15 have a good average and once this pulls and lower lows set in it should be a nice all day fader, if this yanks hard at the open to $13.50 go LONG play the quick short covering bounce for .50-.75 then look for topping then short it
4) $MZOR Gaping up 3 points on air (57.73) I do think this will recover and head higher towards $62+ today
Stock Gaping up +$2.25 I would actually consider scaling in SHORT here at $59.20 room to $60 at the open then look to gap fill this quick back to $57.50 and under then look to go LONG for an all day slow move to the upside. Should be fun today on it.
5) $GBT FDA Breath rough Therapy Designation (39.60)
Stock Gaping up +$3 I would scale in SHORT here at $42.60 room to $44 pop at the open and look to gap fill this back down for quick points to $40 and under GBT tends to fill there gaps first before legging up and there are a lot of bag holders on this stock that would like to cash out on this gap up so watch for the pull at open.
6) $BIVV Gaping up on JPM Conference Gaping up thin (55.13)
Stock Gaping up +$4 would nibble some SHORT here at $59.50 area room to $61 at the open then look for a quick gap fill pull back to $55.50 and under on profit taking Typically these gap ups get pulled and sold off real quick so look for this to gap fill back to $55.50-$56 before considering long on it.
7) $EXAS Gaping up on JPM Conference (49.90)
Stock Gaping up +$3 I would consider scaling in SHORT here at $52.70 area room to $54 at the open and look for this to gap fill pull at the open to $50.25 and under then watch for bottom curl then look to go LONG on it, this is up thin and will need to gap fill first before legging up.
8) $AAL BofA Tags a BUY rating with a $64 PT from $44 (52.13)
Stock Gaping up $1.00 I like the call I think the stock will pop at the open fast towards $54+ then scale in SHORT and gap fill this back to $52.30 and under Airline stocks tend to fill there gaps first before legging up, but this is BofA so I will see if it rips first out of the gate a few more then look to short it gap fill it then look for bottom curl then go LONG on it
9) $URBN Lowers Guidance (33.74)
Stock Gaping down -$1.65 2 ways to play this, let this short cover squeeze at the open real quick to $33+ watch for topping on it then look for an all day fader on it, if this pulls hard at open look for $30-$31 on it for bottom curl then lets grab a few long for slow move to the upside
10) $TGT Raises Guidance (67.18)
Stock Gaping up +2.40 I like the news on it but TGT tends to fill there gaps first so look to take a few SHORT here at $70 room to $71 at the open then look for sharp sell off pull to $68 and under on profit taking then bottom curl it then look to go long.
$INPX BlockChain reference (.22) This is a garbage stock looking for their 5 mins of fame, due to lack of plays for these pumper rooms I would actually consider taking some LONG at .45 cents give it .15 too and if it runs thru .75 this could pop good this is a bottom feed trade and I think there are a lot of people begging for this to lift off to sell today so watch for initial pop and lets see if it has legs
$ABLX Gaping up on JPM Conference (38.62) Gaping up +2.50 would consider taking a few SHORT here at $40.80 with room to $41.50 at the open and look for this to sell off and gap fill back to $39 and under on profit taking then watch for bottom curl then look to go long on it.