Pre Market Game Plan by AJ – 12/29/17
1) $PGNX SHORT this stupid news (5.85) gets a priority review moved up 2 months! WHAT??? LOL Go Janni and nail that
Stock Gaping up $3….all I can say is SHORT it back to $6 and under any pop at open is a short, this is the stupidest PR to pop a stock.
2) $GCAP HUGE HUGE WINNER from $8.40’s WOW!!!! (9.85) this isn’t done believe it or not.
Stock Gaping up +$3 are you kidding me. HUGE Chatroom win for anyone who overnighted this baby. I would actually like to see a pop at open thru $13 if it comes then will be eyeing a decent sell off and pullback on it, its all about the pullback and bottom curl if were going to go long again, just play with a 1/4 size this is up a ton be wary of that.
3) $LIVE Earnings Beat from yesterday still selling off would like it to continue (19.97)
Stock Gaping down -$1.50 any pop at open would love to scale in short and continue the ride down back to $16-17 and under. I think this just continues to sell off there trying to get a few more shares then after hours nail us with a Offering. Can see it a mile away
4) $LINU Looks like we may get 1 more shot at this today (3.12)
Stock Gaping down .10 it actually was down more in Pre-Market so watch for quick pop out of the gate to $3.10-$3.20 then decent pullback on it then watch for bottom curl then look to go long on it. I will be eyeing the ideal set up when I see the volume come in.
5) $ADTN guides lower (22.25)
Stock Gaping down -$3 I would like to see this possibly pull tiny at open followed by a 1-1.5pt gap fill short covering, this will be fast if it does, so watch carefully, if this does go it should hit $20+ before slowing down and fading for the rest of the day, if this pulls at open ******* at $17 and under look to go LONG on it for quick 1-2 points should be fun.
6) $ATRA announce clearance to initiate 2 phase 3 studies (15.25) soooooooooooooo I’m cleared to eat lunch today
Stock Gaping up +$3 ANY pop at open is a short imo, think this could hit $20 then drop hard, would actually nibble a few SHORT at $19 area add on any pop at open then look to fade it all day back to $15.75 and under.
7) $CIFS Signs strategic partnership with a subsidiary (42.40)
Stock Gaping up +.65 I would nibble a few LONG at $42.50 here any pull at open should pay you decent on it, if by chance this yanks at open to $40 again as it did in Pre-Market would go long on it for sure and get 2-3 points to the upside. Should be fun
8) $LITE Gaping None, I like this BUY at $49.06 with room to add on any pullback (49.05)
Stock Gaping up none, would take some at $49.06 add on dips and we should clear a move to $50-$50.75 at the open for quick money before possibly selling off, I would love to see this pop and stay above $50 for a slow move to $51 if we can get it.
9) $UCTT joining the S&P small cap 600 (21.15)
Stock Gaping up +$1.40 Investors love this kind of news, makes there company there investing in more attractive. so I would like to see this pop a little more at open then pull this back to $21.50 and under then bottom curl then go long, these normally pop first then pullback then NEW money comes in and buys it.
10) $RIOT another day another gap up (27.23)
Stock Gaping up +$1.60 I would love quick pop at open to $29.50-$30+ then look for an ideal 2 point short on it then bottom curl then go long on it. Let this set up for us as it always does should be quick and fast pop and pull so keep an eye on it.