Pre Market Game Plan

Pre Market Game Plan by AJ – 5/22/18

1) $BNFT 2.5 Million Offering by JP Morgan at $33.50-$34 (35.20) Stock gapping down -$2 would take some long at $33.20 and under add on dips if they come and hold it all day and even into tomorrow as this gets filled and goes back to $34.50-$35 Took 1k shares at $33.30 this morning will add on dips

2) $PLAB Earnings Beat (8.45)
Stock Gapping up +$1.55 look for a small pop at the open towards $10.50+ then look for profit taking pullback on it then look for a nice slow all day move to the upside, I would love for this to hit $9 and under on a bottom curl then we go long on it

3) $PSTG Mixed Earnings but many analyst are saying to buy the weakness (23.58)
Stock Gapping down -$2.20 would nibble the $21 area and lower if it comes and buy the weakness should give us a 1-1.5 points to the upside on it. More it pulls at the open if it does better the play for all of us to the upside

4) $ACIA US/China easing off on ZTE (33.21)
Stock Gapping up +$2.70 I like to see small pop at open towards $35.50+ would short this on profit taking and gap fill it back down to $33.60 and under, haven’t see any upgrades or defenses come out yet, so gap fill it first then we go long, News was really good for company

5) $M Susquehanna Out this Morning with a $43PT from $25 (34.61)
Stock Gapping up +$1 would short the gap up and gap fill it back down to $34.50 and under then bottom curl it then look to go long for slow all day move to the upside, think this gets hurt some on KSS conference call as others will

6) $MU Tons and Tons of Upgrades said yesterday with raised guidance this should rock up (55.48)
Stock Gapping up +$3.50 I would consider this a little short at $59.50 room to $60+ at the open then look for a nice gap fill profit taking pullback to $57.50 or under then bottom curl on it then look to go long again for more upside move

7) $KSS Gapping up on Earnings BEAT However up to much and Call going to start would lean into it short at $69 give it room to $70
Stock Gapping up +$4 this is up alot I think once call begins this should gap fill if not more, so be eyeful of the massive sell off if it comes. UPDATE Call began……..stocked dropped from $69.99 to $63.07 in 4 mins of work DAY IS DONE!!!

8) $OLED ROTH out to BUY this at $136PT
Stock Gapping up +$1.65 points, I like to see this small pop at open to $98-$99 then look to go SHORT and gap fill this back down 2 points or more then look for bottom curl then go long on it. For slow all day move to the upside

9) $DY ****Guides lower (116.20)
Stock Gapping down -$11 I think we see much lower on this, I like to see a pull at open to $98-$99 then look for a nice solid 4-5 point bounce on it, if this edges at open towards $106 chase it long for a few points but in the end this will end up fading all day long

10) $AAP Earnings Beat (119.15)
Stock Gapping up +$5 I like to see a small squeeze at the open towards $126-$127 if it comes look for topping on it then look for som profit taking gap fill back down to $118 and under then bottom curl then look to go long on it, higher it pops better the pullback on it should net us some nice points today

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Notable Calls:

$BIDU (240.51) LONG overnight at $239.81 average I think bottom is in…. we will see if today is the day. I love this stock, I really do and with so many defenses its bound to rebound today back to $245-$250 US/China easing tensions causing nice gap ups

$CHEK Gapping up on lame Publication Crap! Thanks Jesse! (4.48) +.65 like to see small pop at the open towards $5.50-$6 then look for a nice sell off gap fill pullback on it to $4.65-$4.70 then lets see if it can get going, not much for small cap chat pumps to play today so this may get the pop chase and flush They may play and push $SGOC on it today Chats are looking for cheap stocks to play out