Pre Market Game Plan

Pre Market Game Plan by AJ – 5/11/18

1) $IMMR Earnings Beat (11.58)
Stock gapping up +1.50 I like the gap up so look for this to pop some at the open maybe we get $13.50 again or more then fade it back down if this pulls at open to $12.25 and under look to go long on it should be fun

2) $HALO Barclays out with a $19PT downgrade (19.97)
Stock Gapping down -$2 I would go LONG on this at $17.80 spot add on dips to $17 and under look for a nice pop back thru $19 spot then look to fade it all day back to lows

3) $SYMC Earnings Disaster and accounting issues Multiple downgrades as low as $20 a share (29.18) They have issues over there
Stock Gapping down -$9 I like to see this actually pop and short cover a little at the open if this pushes thru $21 would nibble some long and take it to $22-$23 then top it off then look for a niceall day sell off on it back to $18-$19 if this pulls at open look for the $18-$19 spot for shorts to start covering and popping it,

4) $AKCA Split Vote FDA backs Volanesorsen (20.66) Note…..No major upgrades on the stock this morning
Stock Gapping up +$3 I like to see a pop at the open a little more maybe we get $24+ on it then look to scale in SHORT for an all day gap fill fader, in the end I think this simply gap fills, if this yanks at open look for this to pullback to $21.50 and under then go long

5) $YELP Earnings mixed NOT bad actually see everyone giving upgrades this morning and Higher PT’s (47.75)
Stock Gapping down -$2 I would nibble a few LONG (I took some at $45.50 will add on pullback) looking for this to push right at the open and gap fill some to $47 before fading back down, IN the end I think this weakness gets bought up today vs. the fade

6) ******$ALKS BofA out with a $56PT BUY rating this morning (45.79)
Stock Gapping NONE, no MM’s even on it yet, but watch for this to pop at open to $47-$48 then top it off then scale in short for a nice gap fill short back to $46.50 and under then look for bottom curl on it then look to go LONG for an all day slow move back to highs

7) $TLND Earnings Miss (59.57)
Stock Gapping down -$1.57 I like to see small pop at open towards $58.50+ then scale in short and look for an all day fader on it to $55 and under, if this pulls at open to same area then look for bottom curl then go long on it and bounce it 3-4 pts before shorting it again

8) $TTD Yesterdays upgrade today’s Massive Blow out on Earnings (52.73)
Stock Gapping up +$16 POINTS I would consider scaling in some short at $68.60 room to $70 at the open and think this gives back down to $62-$63 at the open I love the beat, but this is up way too much so watch for topping on it, nibble lightly and look for this to gap fill some on Profit taking after initial pop

9) $RARE Barclays out with a $74 Pt from $62 should be fund for a few nice points (59.76)
Stock Gapping none, no MM’s on it yet, Look for this to pop at the open to $61-$62 scale in short gap fill it all the way back to $60.25 and under then bottom curl it then look to go long for a slow all day move towards $64-$65 on it today

10) *****$IAC Multiple upgrades today Benchmark 182 Barclays $195 BMO at $214 Oppenheimer $200 (142.46)
Stock Gapping none, no MM’s even on it yet, so look for a pop at open to $145-$146 then look for a nice decent pullback on it then bottom curl at $143.50 and under then all day slow move to $148-$150 on this today.
I WILL BE PLAYING THIS NO MATTER WHAT TODAY!!!!!!!!!!!!!

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Notable Calls:

$IPO HUYA Prices 15million at $12 Debuts today spin-off from $YY I like this IPO and would play this LONG if it opens at $15 and lower would love to see it open close to $12-$13 a share this is considered a small float IPO at 15million so should be fun to participate

$DXCM BofA Tags a $100 PT on this (84.56) Gapping none, NO MM’s even on it, look for this to pop at open to $86-$87 then look for topping on it short it and gap fill it back to $85.50 and under then scale in LONG and look for a nice slow all day move to the upside towards $88-$89

$PBYI Gapping some, noted BofA and Citi both with $111-$146PT still on it, think the stock gets back to $56-$57 or a tad more before relaxing and grinding if this pulls at open below $50 look for this to have a nice pop back up on it 3-5 points