Pre Market Game Plan

Pre Market Game Plan by AJ – 3/29/18

1) $IQ Today’s #IPO 125 mil at $18 (0.00) $NFLX of China
Stock gapping none IMO I would consider buying at $20-$24 buy and hold it will take a while to fill, we will need at least 10-15million to open up with they are bigger and profitable then $NFLX so I like this for long term hold maybe we get to $30+++ opens above $30 be careful let it consolidate before longing it

2) $MGEN initiated with a $14PT BUY at Jefferies (6.82)
Stock Gapping up +$1 just wait for the gap fill below $7 then begin scaling in LONG I like this for a nice slow move to $8-$8.50 on this upgrade should be fun, like our $ALDR yesterday

3) $ACXM $FB cutting ties with 3rd part brokers on Data (28.05) someone is going to get hurt besides $FB
Stock Gapping down -$3.5 imo to me any pop on short covering at the open watch for topping then look for an all day fader on it. I this yanks at open to $20-$21 should bounce for a quick 2-3 points before selling off, watch for mid day down grades as well

4) $GME Horrible E/R and guidance BofA issues a d/g to Underperform and $11PT (14.15)
Stock Gapping down -$1.5 2 ways to play this, this flushes at open towards $11-$11.50 and we go long on it for a slow all day move back to $13 and under. Or this short covers at the open towards $13.50-$14 tops off then all day slow move to the downside

5) $TITN Earnings Beat (19.75)
Stock Gapping up +1.50 Look for small pop at open towards $22+ if it comes scale in SHORT watch for topping then gap fill this back to $20 and under on profit taking before going long. Stock is gapping up thin, so I think quick pop and snap on the gap fill should be fun

6) $PTCT #Offering 4 million at $27.04 a share (27.04) Stock was “$32” 2 days ago it will go back up to that!
Stock Gapping up +$1.90 this was a pure LONG at $27.60 this morning, look to see if this pulls again at the open and does a quick flush if it does look at $27.70 and under and begin adding a nice position, this will fill quick and look for a nice move back to $30

7) $OSTK Withdrew Offering do to Market Conditions (36.60)
Stock Gapping up +$3 IMO this will pop and fade off, so look for a move at open maybe we get $40-$41 then watch for topping then look for a nice slow move back to $37-$37.50 and under before going long, if this pulls at open then look for those areas to consider going long

8) $LITE join S&P MidCap 400 (62.20)
Stock Gapping up +.50 I would take some here at $62.75 add on any pullback FYI when a stock makes the S&P and gets added it usually has a nice all day move to the upside, an given this has come down the last 5 days from low $70’s this should have a nice move on it to $65+

9) $PVH Earnings Beat (144.02)
Stock Gapping up +$4 I ike to see a pop at open maybe get back to $150-$152 then look for a nice 3-4 point gap fill sell off on it. If this pulls at open look for $145-$145.50 to scale in LONG and look for an all day slow move back to highs.

10) $STZ Earnings Beat (220.49)
Stock Gapping up +$10 I like the beat but would be cautious this holds so with that said look for a pop and pull if this dips below $228 this should gap fill to $222-$223 before fresh buyers come in. So look for that, if it pulls at open to same area then were all good to go long. But imo this will pop, squeeze then gap fill

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Notable Calls:

$PRGS Earnings Beat (38.48) Gaping up +2 NO MM’s on it yet just gapping, So look for a quick pop at open to $40-$41 then followed by a nice sell off on it on gap fill profit taking to $38.50 and under then look to go long on it. They beat nice so this should pop some at the open before gap filling it

$ZSAN 10 Million #Offering at $5 (9.17) Took a starter at $4.96 will add on dips if they come willing to swing it for a few days until the offering is complete. If $6+ comes today, I will take it. Cause that’s what I do. Stock was $20 5 days ago seems like I’m getting this dirt cheap