Pre Market Game Plan

Pre Market Game Plan by AJ – 3/22/18

1) $OMER spending bill includes segment allowing company to charge Medicare high prices (11.64) Game Changer imo
Stock gapping up +4 I like to see a solid move off the $15 area towards $20 then small pullback then look for a posible push even hiigh if it breaks $19 again at the open expect a push to $22-$25 if this pulls at all at open watch the $15 area as another solid base, either way I think this goes higher imo

2) $ARNA Priced 8.5 at $41.50 Offering (44.00)
Stock Gapping down -$3 would be taking some long at $41 and under room to $40 if it pulls looking for a nice move thru $42+ then dump it and say thank you. Should be pretty basic, if this pulls to #38-$39 consider this a gift if it does

3) $MGEN DB out this morning with a nice $15PT upgrade on the stock (7.51)
Stock Gapping up +.20 ok to take a few long at $7.70 would prefer it to pop and drop towards $7.35-$7.40 area then look to go long on it for an all day slow move towards the upside thinking we see $8.50-$9+ on this today.

4) $GES Earnings Beat (15.52)
Stock Gapping up +2 would love to see a quick squeeze at open towards $18-$19 then look to short this and pull it back to $16.50 on profit taking, higher it pops better the pullback if this pulls at open to $16.50 or under look to go long for a slow all day move towards the upside on it.

5) $MIK Earnings Miss (21.19)
Stock Gapping down -$1.20 look for snall pop at open towards $20.50-$21 then all day fader on it, if this snaps at open towards $18.50 or under look for bottom curl then bounce it to $20 then short it all day

6) $MLHR Earnings Miss (37.32)
Stock Gapping down -$2.00 Look for this to have small pop at open towards $36-$36.50 then look to fade it all day long to the downside, if this pulls at open towards $32 area look to go long and bounce it to $34+ before it settles

7) $GIII Earnings miss (37.51)
Stock Gapping down -2.5 I would like to see small pop at open towards $36 then look for this to fade all day long towards $33-$34 and under, if this pulls at open towards $33 an under look to go long the stock for a nice 2-3 point bounce on it

8) $DRI Earnings Miss (93.91) DRI normally gets bought up on weakness so look for any huge pullback at open to get bought
Stock Gapping down -5.50 I would like for this to have small pop at open 1-2 pts followed by a decent pullback to $85-$86 on the open then look to buy on the weakness, more this pulls at open better the bounce for at least 3-4 points before settleing

9) $ABBV Won’t seek accelerated approval for Rova-T in 3rd-line r/r small cell lung cancer after study results (112.45)
Stock Gapping down -7 This will get hurt today even more would expect to see a small pop at open and then a nice slow pull to $100 and under, this picked a wrong day to come out with news like this escpecially with market down, if this pulls hard at open to $100 or less play a nice 3-5pt bounce then top it off then look to fade it all day

10) $SHOP Key Banc Tier 3 firm out this morning with a $170PT up from $150
Stock Gapping down -2.00 I would consider taking some long here at $147 area I’m sitting on the bid right now at $147 seeing if I get filled will take a starter then look to add on any pullback at the open then look for a nice solid move to $150-$152+ today on this call

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Notable Calls:

$P Raymond James out with a “STRONG BUY” with $8PT (4.90) Gaping up +.25 You can take some here LONG at $5.15 risk .20 cents look to add on any pullback then look for a nice move towards $5.50-$6 today on the trade

$WLL Looking for continuation towards $35+ today even on weak tape (33.10) would nibble some LONG here at $33.10 room to add at the open on any pullback to $32 area have a nice average then look for it to make its move an break out higher