Pre Market Game Plan

Pre Market Game Plan by AJ – 4/12/18

1) $BLCM FDA Lifts clinical hold (6.85) Multiple PT increases to $23 Wells Wedbush and SunTrust all at $23PT
Stock gapping up +1.10 I normally would simply call out a short with so many bag holders, BUT with these PT the stock should settle around $10+ today, so with that said, If your ok to BUY some here at $8 spot room to add on the pullback get a nice average BOOM

2) $CYRN signed Material contract with 1 of the largest tech companies (2.31)
Stock Gapping up +.25 I like the news, stock may pop to $3+ or more if it does, this to me is simply a short so watch for the pop and lower lows to set in if it comes, I’m thinking we just fade this back to $2.40 and under with some volume.

3) $BBBY Earnings Miss (21.50)
Stock Gapping down -$3.50 would pick up a few here at $17.70 LONG (nibble) area give it some room shorts like to cover quick on this before fading typically so watch for a quick push at open towards $19+ before topping off and potentiall all day fader on it, if this pulls at open hard to $16 I would be buying it crazy and popping it to $18 on short covering. Should be fun

4) $FTI Goldman Sachs Tags a BUY rating with $39PT (31.36)
Stock Gapping up $1.5 I would be looking for a total gap fill on this at least to $31.50 area and under, if this pulls at gap fills at the open would lean into some at $32 then look for room to $31.50 carry and average think this heads towards $33.50-$34+ on it. Its Goldman so be aware they like to fill the gaps first

5) $DQ 2 Million on the #Offering $55 (59.26) LONG some at $55.65 will give it room to $54 to add IF it comes
Stock Gapping down -$4.26 I like this “SMALL offering” on it, will pick some up at $55 area and room for any pull, I may swing it but simply looking for a move to $57+ on it for quick money, this should fill quick imo I like it down here on the discount

6) $YNDX Gapping up this morning on Market being up and Russia easing a little (35.01)
Stock Gapping up +$1.65 I would prefer a little pop at open followed by a gap fill pullback to $35.50 and under then lets get a bottom curl on it then look to go long on it for an all day slow move to the upside. I think this gap fills and pulls just under then we go long on it

7) $DAL Impressive Numbers out today (51.47)
Stock Gapping up +.90 I like to see small pop at pen to $53-$53.50 then scale in some short into the conference call in 30mins then look for it to pop during the call then look to fade it after the call should be fun today

8) $INCY Upgrade at UBS with $76PT to BUY rating (66.29)
Stock Gapping up +1.50 like to see small pop at open towards $68++ then look for some gap fill pullback to $66.50 and under then watch for bottom curl on ir then look to go long for an all day slow move to the upside. I think in the end this will move

9) $FFIV Citi out with an upgrade to BUY with $175PT (145.39)
Stock Gapping none, let it pop at oen to $147-$148 then look for some decent pullback on it to $146.50 and under then look to go long for an all day slow move to the upside on it

10) ***$NTES JPMorgan tags a Underweight to $240PT (281.74) Take some short NOW Traders at $277 add on pops!!!!
Stock Gapping down -$4 take some here at $277 add on pops out of the gate and look for an all day fader on this to $250-$255 and under Great Trade forming here!!!!

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Notable Calls:

$RIOT With #Bitcoin up quite a bit, think we get a small little action with former runner $RIOT we will see, took a few at $7.20 not much risk but will see if it gets a pop and small run, if not I will cut it off and move on. Gapping up +.70 today (6.62)

$OSTK Gapping up on #Bitcoin (36.30) Gapping up +$1.80 Like to see small pop at open followed by a nice little sell off to $36.50 and possibly under then bottom curl it then look to go long on it, this is back in play a little today so stock has range for us.

$MDGL Let me know when it hits $110 and under, this is important, I like to buy the weakness on this stock and it always has 8-10 Point range on it (111.15) I didn’t get filled at $109 because I didn’t indicate After Market Hours since I was trying to buy it on a set limit during hours since I left early BUT I want $109 and after hours it hit $109.