Pre Market Game Plan

Pre Market Game Plan by AJ – 5/10/18

1) $VTVT Nice PR this morning, but in the end I don’t think this hold (1.71)
Stock gapping up +.70 look for a quick pop at open towards $2.50-$3 then watch for topping then once lower lows set in then look for a nice slow all day fader to the downside, NO upgrades on the stock this morning so to me its just a pop and slow drop

2) **********$DVAX JPM out with $27PT Overweight (16.05)
Stock Gapping up +$1.35 I like to see this gap fill back to $16.25 and under then look to go long, I’m trying to get a little at $16.75 to get started no fills yet but will look to add on the pullback on it. Should be fun once it bottoms out looking for $18-$19 on this call on it today

3) $HEAR Earnings Beat (6.94)
Stock Gapping up +$5 I like the beat but would prefer a little profit taking on it back to $8.50-$9 think this is great but look for bagholders to get in and take some of this today. If this pops thru $12-$12.50 at the open look for this to top off and gap fill at least 2-3 points to the down side, this is up a lot so be careful

4) $NUAN Earnings Miss (15.28) Multiple downgrades on it
Stock Gapping down -$2 2 ways to play this if this pulls at open to $12 spot go LONG and bounce it for 1-2 points on short covering then all day fader, if this pops at open and short covers to $14.50+ scale in short on it and look for a nice all day slow move to the downside

5) $CVNA Earnings Beat (24.76)
Stock Gapping up +$5 WOWZA!!!! Like to see a pop at open possibly to $30-$31+ at the open look for some topping on it then look for a nice 2-3 point sell off or more on it. The higher it pops better the fade on it. If this pulls at open and gap fills just go long. Great earnings dont expect a full gap fill this will stay up

6) $ROKU Earnings Beat (36.08) NOTE: Citi u/g this to $40PT so imo this should just pop and fade be wary of this
Stock Gapping up +$2.50 I would like to see small pop at open if it comes to $39-$39.50+ then watch for topping on it then look for a nice profit taking pullback on it to $36.50 to $37 and under then slow move back to highs

7) *******$TTD Oppenheimer out with a nice $66PT BUY Rating (51.52) LONG a few at $52 will add on dips if they come
Stock Gapping up +$1 I like to see a little pop and gap fill back to $51.25 area if it comes then look for an all day slow move to the upside I like to see this get to $54-$55 on this call today should be fun

8) $FSLR After Cali pass yesterday JPM out today with a $85 PT from $74
Stock Gapping up +2 we were long yesterday at $68.69 on the news. I like to see this pop some at the open towards $73+ spot then watch for topping on it then 1-2 point gap fill on it then slow all day move to the upside, remember this thing squuezes at the open on upgrades so be wary of that. Plus with JPM pumping it it should be fun

9) $GDOT Earnings Beat (63.30)
Stock Gapping up up +$3 I like to see a small squeeze at the open towards $67-$68 followed by a nice gap fill short to $64-$64.50 then look for a nice gap fill short on profit taking then get in long a few for slow all day move back to highs.

10) $IAC Earnings Beat (138.76) Last week on the 3rd of May I told you all IAC would be at $145 Look at it today!
Stock Gapping +$6.24 I love the gap up so look for a little short squeeze at the open towards $147 then look to lean into it short a little bit and then look for a gap fill pullback of 3-5 points to the downside on profit taking then bottom curl then go long on it

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Notable Calls:

$SEDG Earnings Beat ($55.65) Gapping up +$2 look for a small pop at open followed by a nice gap fill back down to $56.25 and under on profit taking then look to go long on it for a slow all day move back to highs, higher the pop out of the gate better the short for us

$*******IART #OFFERING (63.84) 5.2mil at $58.50 would BUY anything around $58.50 and under then hold for a little swing for a few days if this touches anything $57-$57.50 consider it Xmas gift. This will fill quickly