Pre Market Game Plan by AJ – 9/7/17
1) $CLNT Former Runner announcing enter agreement with E-COIN (3.30) STUPID!!!! STUPID!!!!
Stock Gapping up +$1.60 This should be fun, let this pop at open a little more towards $5 spot then look to nibble some short watch for the lower lows and let this be an all day fader to the downside. This is a former runner, so lots will chase but I like to see this fade off
2) $FEYE Morgan Stanley UPS the PT to $19 from $13 (14.78)
Stock Gapping up +.80 I like the call but need this to pop and bottom curl before scaling in LONG with size, so watch for quick pop at open to $15.75-$16.25 wait for the pullback we are looking for $15 and under to scale in LONG on it for all day slow move to the upside
3) $EFII Citi Tags a BUY rating with $53PT (40.02)
Stock gaping up +.57 I like the call and the upgrade PT I would take some here long at $40.50 area room to add on any PULL back at the open and look for this to have a nice slow all day move to $42-$43+ on this call.
4) $ADAP Announce that GSK has exercised its 2014 Option will recieve 61million
Stock gaping up +$1.10 I like to see this pop at open thru $8+ then watch for topping then look for a quick .50-$1 short on it to gap fill then look for bottom curl then go long, if this yanks right at the open to $7 and under I would nibble some LONG for all day slow move to the upside
5) $GPRO Earnings Beat (8.90)
Stock gaping up +$1.30 I like to see this pop at the open a little more possibly to $10.50 just under $11 then watch for topping this should gap fill some to $9.50 and under then look to go long, LOOK for uprgades today on this through out the day today on this with the issue of NEW guidance
6) $JUNO Barclay’s upgrades the stock to BUY issues $55PT (41.41)
Stock gaping up +$.60 I would take some LONG here at $42 add on dips at the open and look for a nice move to $44+ on this, I like the call and the range on this, so watch for a nice pop flag and run today towards the upside
7) $BKS Earnings Miss (7.85)
Stock gaping down -$1.00 I actually would consider taking a few LONG here at $6.85 room to $6 at the open then look for this to rebound .50+ back to $7.50 BKS tends to get bought up on weakness, if this pops at all to $7.50+ at the open I would scale in SHORT and fade it all day or at least into the conference call coming up in 1 hour
8) $NCS Earnings Miss (16.80)
Stock gaping down -$3.40 I would nibble some long here at $13.40 with room to $12.50 at the open I think we see some short covering pop at the open towards $15+ before fading off again, IF this just yanks hard at open I thin $12 will be bottom THIS will be fun we just have to wait for it to pick its direction at the open and we nail, IMO it will pop with short covering….SHOULD BE FUN!
9) $RH Earnings Beat (49.42) Good Earnings imo NOT great
Stock gaping up +$20 I would slowly nibble a few SHORT at $69 with room to $71 at the open (use wide range otherwise do NOT trade it) this needs to give back at least 5-10pts to the down side imo!!!
10) $ALNY drug suspended due to a drug death!! (86.02) wait for this to set up so watch the open carefully
Stock Gaping down -$8 2 ways this should pop a little more at the open towards $80-$82 then watch for topping could slowly fade all day once shorts cover, if this pulls at open hard look for $70 and under as a base and then let fresh buyers come in and launch it back to highs
$VRNT Earnings Beat (39.45) Gaping up +3 I like to see quick pop at open towards $43 then look for this to top off then short it back to $40.50 and under on profit taking then look for this to make a solid move back to highs, higher it pops at open better the short if this pulls hard at open to $40.50 or under go LONG on it
$NLNK On going Phase 2 data (7.79) Gaping up +$2 I like to see this push at open thru $10.50-$11 possibly more then look for toping the scale in SHORT on it. If this pulls at open look for lower lows to set in and gap fill this to $8.50 and under let it set up for us