Pre Market Game Plan

Pre Market Game Plan by AJ – 4/10/18

1) $ATRA YIGAL has spoke at CITI with a $58PT (36.00)
Stock gapping up +$2.5 I would like to see a small pop at open maybe see $39-$40 on it then look for the gap fill pullback to $37 and under then look to go long on it for an all day slow move to the upside. I would be buying $42+ weekly calls on it when it pulls back and gap fills stock has range and if market holds could give us a AGRX type play and keep moving higher

2) $PTLA JPM Pounding the Table to go LONG with a $56PT over 90% increase from where its at (31.35)
Stock Gapping up +$3.5 watch for the pop to $35+ on it or more then let it pullback you can short it with small size let ift flush down to $32 and under then look for this to go long for an all day slow move on it. Would consider BUYING $38-$40 weekly Calls on it.

3) $SELB New Data on there SEL-212 treatment (Reads very poorly) (11.04)
Stock Gapping down -$3 i would maybe consider taking a few LONG here at $8.30 room to $7.50 I think this could get back up to $10 spot, so I will be watching carefully the opening . if this inches thru $9 at open think we settle at $10, I would prefer a huge pull at open followed by a nice bounce back to $9.50-$10 so lets see how it opens

4) $SPPI announces “availability” of its Phase 2 Data (14.63) Really? I have a stock report Data available todayy for you to all read
Stock Gapping up +$2.60 imo, this is simply overdone pop and drop and gap fill, higher it goes better the fade, so keep an eye on it. If this begins to small pop and pull at open with lower lows then look to fade it all day back to lows.

5) $WATT FCC Certifies for its near field wireless transmitter (16.65) Really Really OK….I have an old walkman to certify
Stock Gapping up +4 Former runner that can push, but in the end I will be watching for lower lows and look for a nice slow all day fader back to $17.50 and under, More this pops at open just watch for the topping on it again I dont think the news is that significant however before nailing the short let it top off, if this begins to pull with no pop think it just fades back down

6) $MU Gapping up on Evercore comments (47.96)
Stock Gapping up +$1.60 I would like to see small pop at open maybe back to $49.50 then look for a nice sell off gap fill pullback to $48.25 and under then look for bottom curl then look to go long on it, if this pulls at open and simply gap fills then look to go long on it.

7) $INTC Gapping up on Evercore Comments to BUY the weakness (49.55)
Stock Gapping up +$1.40 small pop at open to $51+ scale in short and look for this to gap fill back down to $49.70 and under then look for bottom curl then look to go long on it, Normally INTC will gap fill first before moving to the upside, so watch for it to pop and pull then go long on it.

8) $TUP Earnings Miss (47.16)
Stock Gapping down -$3.16 little to no MM’s on it yet, so watch for a $44 and under open then pop it back to $45.50 – 46+ on some short covering then look for an all day slow fader back to lows, more it pops better the fade. If this yanks at open to $43 and under go LONG and play a nice bounce on it.

9) $NVDA UPgrades both and Morgan Stanley and Needham with $300+PT (215.41)
Stock Gapping up +7 I like to see this pop a little more at the open maybe $225-$227 then look for a topping and look to gap fill this back down to $217 and under on gap fill pullback then bottom curl it then look to go long, Market needs to hold up for this to have a nice all day slow move to the upside, but if market and SPY start to pull, careful on your size cause the stock will fade back down

10) $NFLX Morgan Stanley our pounding the table to go LONG with a $350 PT from $275 (289.93)
Stock Gapping up up +$10 I like to see small pop at open followed by a nice gap fill pullback to $293-$295 area then look for bottom curl and go long, as long as the market holds up this can have a nice move, once market pulls significant look to trade wioth caution on it.

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Notable Calls:

$CHFS Gaping up PIG and former runner (2.88) Recently “Published report” nothing significant imo so this could simply pop at open towards $3.50 then look for a quick sell off and fade on it. I will watch it to see if volume comes in but be careful. Need it volume and for it to run

$CUR announce completion of first surgery (1.71) Gaping up +.35 cents ANY pop at open load up and look to fade this all day back to lows. Gapping up on STUPID NEWS/PR

$LRCX Gaping up on Evercore pounding the table to buy the weakness (193.12) I would consider scaling in SHORT here at $198.95 add at the open to $201 then look for this to gap fill fade off to $195 and lower for quick money then bottom curl and then go long on it.