Pre Market Game Plan

Pre Market Game Plan by AJ – 3/9/18

1) $ECYT Wells Fargo Tags a $20PT Buy Rating on this (8.06)
Stock gapping up +$1.40 I like to see small pop at open towards $10 then lean in short back to $8.50 and under on profit taking then look for bottom curl then look to go LONG on it for all day slow move back thru $10+

2) $FNKO Earnings beat (7.94)
Stock Gapping up +1.60 I like to see a little more upside at the open maybe we get lucky and see $10 then look for a nice 1-1.5 point gap fill pullback to $8.25 and under then look for a nice slow all day move back to highs, higher the pop better the fade for us

3) $NETE Should have some more continuation on it today, but be wary this could be setting up for an ATM (10.49)
Stock Gapping up +$1.50 this hit $12 this morning, so look for that as your guide, if this pops at open to $10.50 look to go long and this should pop again thru $12 spot, if this pulls at open hard let it flush out below $9 then we will watch thebottom curl on it and play it to the upside. Let it set up but watch that opening for a quick push thru $10.50 if it comes

4) $ZSAN Another day another gap up (18.49)
Stock Gapping up +4 I would prefer small pop at open towards $24+ if it comes followed by a nice deep sell off to $18 and under then look for a nice bottom curl then possible move towards $27-$30 today once it gets going, should be fun

5) $BIG Earnings Miss (53.89)
Stock Gapping down -$6 I like to see small pop at open towards $50+ then watch for topping then all day fader if this pulls at open at all to $45 spot look to go long and bounce it then short it for an all day fader. Should be a nice set-up

6) $FNSR Earnings Miss (20.22)
Stock Gapping down -$2 I like to see quick pop at open on short covering to $19.50+ then watch for topping then look for all day fader to the downside, if this pulls hard at open to $17 and under look to go long and bounce it, FNSR on pullbacks tend to get bought back up so watch for the nice bounce

7) *******$ACIA Morgan Stanley Lowers the Boom and a sell rating Tags a $30PT on this (42.04) I want this!!!!
Stock Gapping down -$2 I like to see some gap fill at the open back to $41+ if it comes then I will begin scaling in SHORT for a nice all day fader on it, if this pulls at open to $36-$37 I will go long and play the bounce on it then look for topping then fade it. I love this for a swing short but need it to set up before scaling in with size.

8) $UNFI Earnings Beat (43.74)
Stock Gapping up +4 I think this is godd but just a little too much I like to see a solid squeeze at open possible to $48-$49+ then look for a nice gap fill pullback on it to $45 on profit taking then look for a nice slow all day move to the upside back to pre-market highs. I like the beat but I think we get some profit taking in it first after initial pop

9) $AKAM Authorize 417million buyback also initiated with an OverWeight with JPM with $90PT (75.08)
Stock Gapping up +$2.20 I would like see this pop a little more at the open maybe towards $78-$79 then watch for topping on it then look to gap fill this back to $76 and under then look to go LONG for an all day slow move back to highs, I like the upgrade but before the leg up we need a decent pullback on it.

10) $WYNN Reaches settlement with Aruze USA (179.11)
Stock Gapping up +$8 I like to see small pop at open to $188-$190 followed by a nice profit taking sell off to $182-$184 and under then bottom curl it then look for an all day slow move to the upside, Watch for analyst upgrades today on this stock with this news.

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Notable Calls:

$NTNX Mutiple upgrades this morning with $52PT from Stifel (46.32) Gaping up +1.30 I would take some SHORT here at $47.75-$48 look for a nice snap back on it back to $46 and under then look to go long on bottom curl, I’m eyeing the quick short gap fill on it for quick money

$YY Gaping up on Market up (120.00) Up +$2.5 I like to see quick pop at open looking for a nice move to $124+ then look for a nice pullback short on it to $121 or lower then look to go long for an all day slow move to the upside on it. Should be fun.

$PTI RBC 1 of my favorites upgraded this small stock with an $11 PT (3.61) Took some long at $3.94 will add on dips risk is only .30-.40 cents for a potential $1 move or more, should be fun.