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Pre Market Game Plan by AJ – 9/12/17

1) $CTIC Jefferies Tags a BUY rating with $7.50PT (3.24)
Stock Gapping up +.25 like the call and decent volume already in the stock, would conisder taking a few LONG at $3.45 with room to add at the open looking for a $4-$4.25+ move to the upside, (not often Jefferies comes out with a play like this)

2) $ALDX announce positive results for Phase 2 (A) “clinical Trial” Dry Eye Disease (4.20)
Stock Gapping up +$2.30 I like to see this pop a little more at open possibly thru $7-$7.50 on short squeeze watch for lower lows to set in I think personally this will end up fading back to $4.50-$5 don’t think clinical trial and eyes in same sentence can hold this up

3) $HIIQ looking for more rebound on this one from yesterdays crazy CCall (23.35)
Stock gaping down -$4.25 2 ways to play this, if this pulls at open to $18 and under look to go long on this and play a nice 2-3pt bounce on it, if this pops at open look for a quick move to $22+ then watch for topping then possible fade on it back to lows

4) $TEVA enters agreement with COO and will also acquire PARAGARD also gets FDA priority review (18.50)
Stock gaping up +$1.12 Great overnight suggestion from Sparatan yesterday for everyone to wake up to $20+ a share, I would like to see any pull at open as a potential buy on weakness opportunity I think this gets going again today with possible move to $20.50-$2 so watch for higher highs to set in on this one and look for a solid positive move on this today

5) $AA Deutshce Bank ups the PT on this from $44 to $60 (43.60)
Stock gaping up +$1.10 watch for quick pop at open on this call thru $45 at the open if it comes and then WAIT for the gap fill pullback on this back to $44 and under when $44 and under comes take a few long scale in and look for an all day slow move to the upside would love to see $46+ on this call today

6) *****$XLRN UBS Tags a BUY rating and puts a $50 PT from $36 on this again (37.77)
Stock gaping up none, no MM’s on this one yet, watch for POP at open to $39+ spot then scale in SHORT gap fill this back down to $38 and under then look to take some long for a nice slow all day move to $40+ on this call today. Lets see how it opens

7) $LMNR Earnings Miss (24.37)
Stock gaping down -$3 no MM’s on it, I like to see this gap fill pop at the open quick to $23.50-$24 spot then scale in SHORT for an all day fader on it, if this pulls hard at open to $20-$21 take a few LONG and play a nice 1-2pt short covering gap fill on it.

8) $SAGE #FAIL Phase 3 top line results (88.52)
Stock gaping down -$20 2 ways this pops at open and runs right thru $70-$72+ real fast watch for topping then look for potential all day fade on it, if this dumps again at the open hard to $62-$64 watch for bottom curl then look to go long on it, I think this pops at open on short squeeze thru $70-$72 even possibly $74+ area so keep an eye shorts will want to cover

9) $WDC possibly winning bid for Toshiba (87.38)
Stock gaping up +$2.00 I like to see small pop into the open then look for nice gap fill sell off back to $87.50 or under then look to go long on it for an all day slow move to the upside, if this pops huge at open to $90+ spot then lean into it short and gap fill it

10) $MRNS JMP Securities Tags a BUY rating and ups the price to $11PT from $4 (4.15) Like the call
Stock Gaping down .10 would actually nibble some LONG here at $4.05 room to add on any pull at the open look for a nice possible move to $5-$5.50 on this upgrade in PT its not JPM but I like the PT

Notable Calls:

$ICPT (113.48) Gaping down -$23 on dosing issues took some long at $94 sold a few at $97 holding rest for open and all day slow move possibly back up thru $105+ think this gets addressed and fixed will add on ANY HUGE pull at open (Wide Stops know the risk)

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