Pre Market Game Plan

Pre Market Game Plan by AJ – 4/9/18

1) $MNLO Miss Phase 2 Primary end points Piper out pounding the table to BUY the weakness (35.22) Risky Trade
Stock gapping down -24 points trying to pick up some at $11.50 LONG looking for a bounce to $15+ on this I would be buying the weakness and if it dips to $10 and under I would add a few, This is normal for a Phase 2 miss and now I think bottom should be in. Especially with the Piper notes thinking they will still hit Phase 3 and correct this mess.

2) $TRPX announce Top Line results for Phase 2a Study (5.20)
Stock Gapping up +$1.50 I would like to see more of a pop at open towards $7.50-$8 if it comes then look for lower lows to set in and then look for a nice all day slow fade, this is a Phase 2 BUT its Top Line results on a study and NOT Primary enpoint met, this is totally different, so watch for the pop and fade imo

3) $ACAD CNN reporting multiple deaths on there drug (21.53)
Stock Gapping down -$4.50 I would look for small pop if any at the open followed by a pull at open to $15 and under then watch for bottom curl, I think the stock has a little more sell off on it, if this pops at open I think the most it will get is $19-$19.75 and thats about it. IMO

4) $ESNT Gaping down after MGIC cuts borrowers paid premium rates (42.07)
Stock Gapping down -$4 I would nibble a few long here at $38 with a little more room at the open I think this ends up closing around $39.50-$40.75+ area do watch for the pull on it if it comes then quick bounce on it for quick money before fading off again

5) $INCY Multiple downgrades Oppenheimer is $65 with MS at $76 Huge PT drops (64.02)
Stock Gapping up +1 in the end any pop at the open should be a short, I think with all the down grades the stock should settle around $60-$62 today so any aggressive pop at the open look for a nice fader on it, if this yanks at open below $60 would consider bouncing it
for a quick 2-3 points or more before topping off and fading it.

6) $RGNX Gapping up on $AVXS Buyout (27.20)
Stock Gapping up +$8 would consider scaling in some SHORT here at $34.80+ area room to $36 at the open then look for a nice all day slow fade gap fill back to $28.50 and under imo Nice gap up but think it gets sold off

7) $CLVS SunTrust pounding the table and raising the PT to $90 (55.52)
Stock Gapping up +$2.40 I like this to pop at the open if it comes then look for a gap fill sell off to $56.50 and under then look to go long on it for an all day slow move to the upside should be fun once it settles

8) $ARGX SunTrust out with $125PT (74.84)
Stock Gapping up +$2 I like to see more of a push at open maybe $77.50-$78+ then look for a nice gap fill sell off to $75 and under then look for bottom curl on it then look to go long for an all day slow move towards $80 wait for it to set up for us before longing it

9) $BLUE Gaping up on $AVXS (162.70)
Stock Gapping up +$7 would nibble some short here at $169.50 room to add at the open look for a nice sell off gap fill to $165 and under for quick money then bottom curl then possible slow all day move to $170-$173 today

10) $BIDU Multiple upgrades pounding the table to buy the weakness (219.82)
Stock Gapping up +$4 I like to see small pop at open to $225+ then look for a nice gap fill sell off to $221 and under then look to go long if this pulls at open to $221 and under look to go some long for an all day slow move to $225-$227 on it if the market hold up today

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Notable Calls:

$BA Gets a 12 Billion Dollar order from AAL for 47 787’s (326.12) Gaping up +$5 I like the news a lot here would nibble a few long and add on weakness would love to see the stock get to $338-$340 on this news. The gap up should get to $330 and under on any pullback then look for a nice slow reversal on this one back to highs

$YNDX US stomping hard on US Sanctions (39.39) Gaping down -$2 points I would actually look to buy on the weakness on this and add on any pull at open to $35 if it comes and look for a bounce to $38-$38.50 on the stock imo

$GERN Gaping up on Motley Fool article (3.48) Gaping up +.40 think this is simply a pop at open followed by an all day fader back to $3.50 and under and nothing more.

 

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