Pre Market Game Plan

Pre Market Game Plan by AJ – 4/23/18

1) $MOC receives 23 million Contract reward (2.91)
Stock gapping up +.70 could pop a little more theu $4-$4.25 if it comes watch for topping on this, think we just get a pop and slow all day fader on it back to $3 and under

2) $CBI McDermott acquires MDR and has to pull out of CBI transaction (14.59) IMO BUY the weakness
Stock Gapping down -$3 I like to buy this at $12 spot add on dips look for this to rebound back to $13-$13.50 or more today. Shopuld be fun and should rebound imo

3) $SLDB Friday’s little run play (12.48) some special margin requirements needed at some platforms to BUY this stock
Stock Gapping up +.50 I like to see this pop at open and run thru $13.50-$14 at the open then look for this to pull and gap fill back to $12.50 and under then look for a nice slow all day move to possibly $15+ lets see how it opens

4) $PRTA Phase 2 miss and stopping Phase 3 (36.84) imo this is a $10 stock the short was at $16 its a shame I could not tweet
Stock Gapping down -$23 any pop at open any pop towards $16-$18 I would look to lean into this short, imo this stock should be at $10 and under, BUT you need to be aware 13+ BUY rating and a lot of people caught in this on the wrong end so look for analyst to try and save themselves with some sort of lame defenses, but in the end, I think we see $10 and under. If it hits, bounce it 2-4 pts

5) $AKRX FSNUY terminated the 4.3 Billion dollard acquistion OUCH!!!! (19.70)
Stock Gapping down -$6 I like to see a small pull at open towards $11 and possibly under. then scale in a few long for a nice 2-4 point bounce on it, The more it pulls better the bounce, if this pops at open towards $15+ scale in short and look for an all day fader on it

6) $SPWR BofA out this morning with a Underperform with $7 PT (9.69) this should be an all day fader imo
Stock Gapping down -.49 would nibble some short here at $9.20 then look to add on any pop out of the gate towards $9.50+ watch for topping on it then look for an all day fader on it. IMO this should get hit by -.50-$1 on this call today

7) $AAOI Looking for more towards Beths $40 Mark (32.99)
Stock Gapping up +.69 would take some short here at $33.70 area with room to add at the open then look for this to have an all day fade back and gap fill to $33 and under then look for bottom curl on it then go long for all day slow move to the upside

8) $OKTA Cannacord out with a BUY from Hold with $50PT from $36 (41.97)
Stock Gapping up +1.75 I would nibble some short here now at $43.55 area room to $45 at the open then look for a nice gap fill pullback to $41.75 area if it comes then look for a slow all day move back to highs, this is a tier 3 firm so watch for the gap fill more then anything imo

9) $MRK Goldman out with a conviction BUY rating $73 PT (58.83) told you last week to BUY this on weakness this is a FIND favorite
Stock Gapping up +1.20 I would actually be ok buying here at $60 with room to add at the open let it gap fill some I think in the end today we see a nice move to $62+ with solid volume

10) $HAS Earnings miss, guides lower on ToysRUs BK (82.81) watch $MAT they should get hurt as well
Stock Gapping down -$3 would take some short here at $79 area room to add at the open I think this gets hurt all day and just fades all the way back to $75 and under this should set up nice for us add on any pop at the open or simply just wait for the pop and topping on it then look to fade it

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Notable Calls:

$SODA Gapping up on No News I see at the moment (95.95) Up +$2 would nibbles some short here at $97.65 area room to add to $99 at the open look to gap fill this back down to $96 and under then look for bottom curl on it then look to go long

$CAT CITI woke up and finally placed a BUY rating with $185 PT (153.25) I like the call would nibble some at $155 add on any gap fill pullback on it look for an all day slow move towards $158+ on the stock today should be fun

$PVTL Recent #IPO still holding at $15.73 average now. I like this to have a nice move towards $17 I will add on dips and swing this more, I like this #IPO alot and being it debuted in a down market and the Friday pop to $17+ on a fat finger I like my odds on this will add on weakness

$SHLD looking to sell there Kenmore unit (3.01) up +.68 to me this is a pop and fade now we see this to $2.50 and under imo