Pre Market Game Plan

Pre Market Game Plan by AJ – 5/18/18

1) $LIVX Thin stock moved nice from $6 to $12.50 this morning, think it retraces back to $9-$10 (6.95)
Stock gapping down now -.05 been sitting on the bid for 40mins at $6.25 -75 cents below yesterdays close and still no fill think this pops at open towards $8 spot or more then sells off on profit taking then look for a nice slow move on it to the upside

2) $CARV Yesterdays nice run gapped up this morning and sold off its pre-market gains (11.00)
Stock Gapping up +$2.39 to $13.39 I think this will have a nice push at open would nibble some here at $10.30 area room to $9.50 if it comes and lets see if we can’t retrace pre-market highs on it. If this pops to $11 at the open look to go long and play it for a quick point or more then sell into the pop

3) $AFSI Carl Icahn Owns 9.4% stake in the company (13.43)
Stock Gapping up +$1 just looking to fill the gap back down to $13.50 then go long on it for slow all day move to the upside

4) $EIGR Piper out with $28PT on it should continue from yesterday (16.80)
Stock Gapping up +$1.70 I like this to run today, BUT will need it to gap fill on profit taking and overnighters so look for small pop at open to $18+ then pull it back down to $17 and under then watch for bottom curl then look to go long on it

5) $ZAYO BofA out with BUY rating and $43PT from $34 (34.05)
Stock Gapping none, no MM’s on it at all look for a quick pop at open to $35-$35.50 then look to short it and gap fill it back down to $34.25 then look for a slow all day move towards $36+ on it. I like the call and feel the stock has range for a nice 2-3 point move

6) $JWN Earnings Miss (50.91)
Stock Gapping down -$4 would pick up long some at $47 Investors always keep it around $47 area or more in case of them announcing going public see keep an eye on it. If it yanks at all to $46 area or under don’t be scared it will bounce

7) $AMAT Earnings Mixed (53.96)
Stock Gapping down -$4 I like to see this actually pop at the open towards $51.50-$52 then look for a nice sell off all day on it back to lows, if this pulls at open to $48 level would look to go long on it for a nice 2-3 point short cover bounce on it

8) $CERN Gets a 10 Billion Contract over 10 years (60.62) Multiple analyst calling out Neutral on it
Stock Gapping up +$4 I would consider taking a few short here at $64 level room to add at the open towards $65+ then look for a nice slow gap fill fade. In the end news is great BUT it was expected

9) $SRPT Goldman Sachs out raising PT to $120 from $84 (91.85)
Stock Gapping up +$1.14 I like to see small pop at the open towards $94+ at the open then look for a nice gap down gap fill to $92.50 and under then look for a nice slow all day move back to $95+ on this call

10) ******$BIDU COO leaving in July but will remain on the board (279.68) would pick up some LONG at $263 area
Stock Gapping down -$17 I think this will slowly rebound back up to $275 on it or a tad under, The fact he is going to still email on the board is very helpful. I think this is simply an over reaction

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Notable Calls:

$IQV Cancelled 2ndary Offering (97.83) Gapping up +$5 I like to see a gap fill back down to $98.50 or under then bottom curl then look to go long on it for a slow all day move to the upside

$WWE Still holding short from yesterday ($50.31) JPM out with a $46PT and a Neutral Rating on it. I’m looking for a nice $47 or under short cover on it. Will be patient.

 

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