Pre Market Game Plan

Pre Market Game Plan by AJ – 3/8/18

1) $NETE Najarian Jon appointed to Board of Directors (6.11) Really? Really? LOL
Stock gapping up +$2.5 ok let this pop at open towards $10 spot then short sellers once lower low sets in look for this to fade off back to $7.25 and under this is nuts being up but former runner and with volume underneath it can run

2) $PCMI Earnings Beat (8.10)
Stock Gapping up +$2 I like to see small pop at open towards $10.50 to $11 then look for this to gap fill slowly back to $9 and under, I like the play beat but in the end I think profit taking kicks in and this just slides back to $9 area

3) $ZAGG Earnings Miss (15.50)
Stock Gapping down -$2 I would nibble some long here at $13.00 room to $12.50 at the open and look for this to pop at open back thru $14.50-$14.90 before topping off then look for a nice all day fader on it, more this pulls better the wekaness pop to be bought up. In the end this should just fade but before it does let it set up

4) $KR Earnings Miss (26.23)
Stock Gapping down -$2 I would actually look for this weakness to be bought up conference call is coming in 1 hour so expect this to move back to $25.50 or more, KR always does this at earnings even if $22 comes trust me this wil be bought back up so watch for any solid pull at the open if it comes and if it does go LONG cause in the end this will be back above $25.50 or more soon

5) $CLVS US Patent allowance for Rucaparib with 2035 Expiration on it (59.67)
Stock Gapping up +$2 I like the news, but I think in the end this just pops and fades back to $60.50 and under if taking some here at $61+ give it room to $63 on it then look for the idea short and pullback on it then look for bottom curl, if this just simply piulls andd gap fills back to $60 and under right at the open go LONG on a few and enjoy slow move to $63+ on it

6) $W Article and Chatter about possible play with $AMZN (84.64) Think its all rumorville to kick up the stock so be careful
Stock Gapping up +$2 I like to see small pop at open towards $87+ then I would be looking to gap fill short this back to $85 and under, I think in the end this just fades back after initial pop I think imo this is just someone making up some news to get out of a position

7) $CRSP JMP out today with $69PT and Barclays out at $59 (51.49)
Stock Gapping up +1.5 I like to see small pop at open followed by a nice gap fill pullback on this back to $51.75 and under then look for this to bottom curl on it then go LONG I think in the end this ends up around $55+ today or by tomorrow, we’ll see.

8) $THO Earnings Beat (122.41)
Stock Gapping up +8 I like to see more of a sqeeze at open maybe we see $133-$135 then look for a nice 3-5 point or more pullback on it on profit taking then bottom curl it then we take it long again back to highs, this is up way to much so expexct a decent pull on it and we get 5 points or more after initial pop

9) $YY Tencent Strategic Investment basically a fund wanting to buy in 🙂 (126.33)
Stock Gapping up +$11 I like to see this come down back under $130 at the open on profit taking and shaking weak hands out then look to take a few LONG on it add on dips to $127 if it comes and buy and hold stock should begin heading back to $137-$140 on this move

10) $BURL Earnings Beat (116.08)
Stock Gapping up +$10 I like to see this squeeze at open to $130-$132+ then watch for some topping then lets get some profit taking pulback to $122 and under then bottom curl on it on the pullback then back to highs

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Notable Calls:

$ESPR JMP Out Strong today with $153PT (76.29) Gaping up 2 points I like to see small pop at open towards $79+ then lets wait for the pullback gap fill on it, if $76.50 or under come look to go LONG on it I think we get a nice play towards $80+ on this. should be fun

$CLSD Prices 6.5 million at $13 (14.28) I would be buying thisbelow $14 with room to add on the pullback, I think in the end this will be filled quick and we see a solid move back to $15+ before end of the day. This is a tiny offering well priced

$IPO $BTAI priced at 5.4mil at $11 according to “JDoggs Money” in the room. I think if this opens $13 and below with 750k in volume I would consider taking a few at $12 spot if it dips and look for a potential move to $15 on it or more. Seems pretty solid but its all on how it opens so far they looked oversubscribed by 400,000 shares from the original 5mil proposed.