Pre Market Game Plan

Pre Market Game Plan by AJ – 5/16/18

1) $GEMP Raymond James out with a $22PT and BUY rating on this stock (5.55)
Stock gapping up +$1.10 I like the call and would wait for the standard pop and gap fill pullback to $5.75 and under then look to go LONG on it for a slow all day move to $7-$7.50 on it today

2) $HEAR Gapping up and ready to play today as normal (17.82)
Stock Gapping up +$2 nice move towards $20 would wait for the small pop if it comes at the open then look to gap fill this back down to $18.50 and under watch for bottom curl then mover back thru $20+ Right now being up +$2 I would wait for some pullback on it before trying to play this

3) $RDVT Earnings Miss (9.94)
Stock Gapping down -$1.80 I would actually nibble some LONG at $8.70 with room to $7.70 at the open I think this short covers back to $9.50+ then watch for topping then re-short it, the more this pulls at open better the range for us on the gap fill long

4) $BOOT Earnings Beat BLOWOUT (21.96)
Stock Gapping up +$4 I like to see some sort of squeeze at the open a little more to $26-$27 then wait for the pullback on it, if this pulls hard at open it will be short loved and $23 area is where I would be going long, its up +$4 so we have to wait for it to set up

5) $M Amazing Earnings (29.93)
Stock Gapping up +$2 I would let it pop at open towards $33 if it comes again look to short it and gap fill some of this on profit taking back down to $30.50 and under then look to go long on it for a slow all day move to the upside

6) $CIFS Earnings beat (30.19)
Stock Gapping up +$2 I would just short this back down to $30.50 and under then wait for bottom curl then look to go long on it back to highs

7) $QURE Wells Fargo out with a $47PT (31.51) Note this looks bought into the last few days think it was leaked
Stock Gapping up .20 would actually wait for a $30 area entry on this before going long, I think this will pop at open towards $33-$34 then fade it back down for 2-3 points then go long, but if this hits $30 area I’m all over it

8) *****$AVT Goldman out with a SELL rating and a $34PT on this stock (40.43)
Stock Gapping down -.80 with no MM’s on it, I think this yanks at open hard to $38 and under then slowly poos back up to $39.50 then we watch for topping then short it, if this pops at all towards $40 please please please get in there and short it

9) *****$DDS SHORT SHORT SHORT Gapping up soley on $M numbers (73.18)
Stock Gapping up +$3 I would short this at $76 add on any pop and look to gap fill this all the way back down to $73.40 and under then look to go long on it for a slow move back to highs.

10) ******$ULTA UBS out with a $290 PT 2nd one before earnings this is in play again (250.39)
Stock Gapping up +$2 I would try and grab some at $251 and add on any pull at the open I think this gets going to $255-$256+ today on this 2nd call to $290 to the upside.

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Notable Calls:

$KSS Gapping up on $M numbers (63.19) would consider taking some short here at $64.50 room to ad dat the open gap fill it back down to $63.50 then look to scale in some long for a nice slow move to the upside on it back to highs

$TEVA Buffet disclosing more interest in the company (20.30) Gapping up +$1 This is a battleground stock. I dont mind it being up +$1 with Buffet serious interest in this we went long yesterday at $20.90 from Meaghan alert I think this has room to $22-$22.50 today on this news