Pre Market Game Plan

Pre Market Game Plan by AJ – 3/19/18

1) $MFGP Earnings disaster CEO resigned (26.21)
Stock gapping down -$16 point long off the $11.50 spot towards $13-$14 at the open or a tad more then watch for topping on it then look to fade this all day long back to lows, if this pulls at open hard to $10 spot go long and bounce it for 3-5 points before fading off

2) $HRTX Phase 3 Primary endpoint met (21.50)
Stock Gapping up +$9 I would actually like to see a small pop at open maybe we get lucky and see $32-$35 before slow fader on gap fill back to $26-$28 then look for this to get mutiple upgrades. Remember how ALXN traded this is the same thing, aggressive pop at open then slow gap fill fade.

3) $JKS Earnings Beat (19.35)
Stock Gapping up +$1.10 I would look to pop and drop this on gap fill, JKS can’t hold its gains so look to possible scale in SHORT at $20.60 area room to $21 and watch for topping then look to gap fill this back to $19.50 and under if this pulls at open agap fills cover your short and look to go long on it.

4) $NWL Ichan discloses 6.86% stake in the company (28.65)
Stock Gapping up +.50 I would actually take a few LONG at $29.20 area room to gap fill and add to it, this is Ichan and I think many will want to follow his lead on this so look for this to have a slow move towards $30 today, if this simply gap fills at the open I would look to go long on it for a nice 1-1.5 point or more.

5) $ZS Fridays Amazing IPO (33.00)
Stock Gapping down -$3.30 I would nibble some LONG here at $30.70 room to $29.50 at the open I think this rushes out of the gate towards $33-$34 before giving back some, if this pulls at open hard to $28-$29 look to bounce it 2-3 points before slowly down and fading.

6) $RKDA weak PR and gaping up HUGE this morning wants to play today (41.91)
Stock Gapping up +$10 POINTS I like to see this squeeze a little more at the open maybe we see $54-$55 beofre smashing and coming down hard towards $43-$44 before going long. I like the range in this today but will be looking on the short side to gap fill it some before going long again. Its up quite a bit so be careful

7) $MZOR Looking for Continuation from Fridays downgrade (68.67)
Stock Gapping down -$2 I would like to see a nice push out of the gate at open towards the gap fill or $68+ then look to lean into this short for an all day fader on it. If this pulls at open at all towards $65 and under then look to go LONG on it bounce it then look to short it all day long.

8) $FMI CMS finalizes coverage of next generation sequencing tests (79.85)
Stock Gapping up +3 pts was up +$6 earlier I would like to see small pop at open towards $83-$85 area then look to fade it back down and gap fill it back to $81 or under then look to go long for an all day slow move to the upside. I like the range but will need it to pop and settle down before going back up imo

9) $OLED Apple making statements that it may be developing its own iPhone Screen (124.00)
Stock Gapping down -$14 Bounced 7 points off $110 spot so now at this point 2 ways this will play out, this will pop at open thru $118 and run to $121-$122 then look for an all day fader on it, OR this pulls at open hard smashes to $108 and under and we look to go long on it and bounce it back to 118 before fading it off. In the end I think this pops and fades off all day! Expect #Analyst to come out today!

10) *****$ANET HUGE Downgrade from DB from $245 to “$195” cut it to SELL rating from Neutral (293.72)
Stock Gapping down -$14 points I would actually consider going LONG here at $279 with room to $275 at the open and look to bounce this on short covering to $285+ before looking to fade this all day long to the downside, although I think the d/g is aggressive I think in the end TODAY this will get hurt and have an all day fader to the downside once the topping sets in.

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Notable Calls:

$CMCM Earnings Beat (12.20) I would nibble some long and look for a pop out of the gate towards $14+ then look for topping then look to fade this back down to $12.40 and under on profit taking, if this pulls at open to same area then look to go long and bounce it for 1 point or more.

$OSTK Gaping down -$1 I like to see small pop at open followed by a nice slow fader back towards $40 NO upgrades at all during the weekend. If this pulls at open and flushes to $43 area look to go long and bounce it for 2 points or more. then fade it, if this breaks out past $46 stock has room to $48+ but imo I think this pops and fades so lets see how it reacts