Pre Market Game Plan

Pre Market Game Plan by AJ – 5/24/18

1) $SBOT Company achieves Robust Viral Clearance for Manufacturing Process (2.18) Former runner has a $4 gap to fill
Stock Gapping up +.40 cents on the news I like to see a push at open possibly thru the $3 spot then small pullback then possible runner on it, Volume is good right now, tons of eyes on it and I think we get a decent push on it, lets see how it runs at the open

2) $MRNS Baird out with a BUY and $15PT (5.23)
Stock Gapping up +.30 would nibble a few long here at $5.50 BUT have room to $5 spot if it comes looks like it was bought into yesterday and the day before but this is the 2nd $15+ PT this week alone, maybe today we get $6-$6.60 on it to the upside

3) $REPH Receives CRL letter from the FDA (12.42)
Stock Gapping down -50% would nibble a few long on it at $6 room to $5 think this may get back over the $7 spot on this disappointing news, lets see how it sets up But I like the weakness on it.

4) $PBR Slashes diesel Prices by -10% on Trucker Protest Multiple d/g MS out at $13PT (15.11)
Stock Gapping down -$2 this will be an all day fader today BUT let it pop at open on some short covering hopefully we get to $14 on it or more then we short it and fade it all day. THIS WILL BE A SLOW MOVER so be aware, if this yanks to $12 at open then go long and play the 1 point bounce or more on it.

5) $BILI Earnings Beat (12.44)
Stock Gapping up +$1.50 I like the beat lets see if it rips towards $15 on it at the open then lean into it some short and look to gap fill this back down to $13.50 and under on profit taking then look to go LONG on it for an all day slow move back to highs

6) $APLS Cantor out with a $52 PT BUY rating on this, this morning (19.66)
Stock Gapping up +$2 already watch for pop at open towards $22-$23 then lean into this short and gap fill it back down to $20 and under then watch for bottom curl then look to go long on it for an all day slow move to the upside. This will be like the CITI call yesterday on VNDA pop and drop

7) $LB Earnings Miss again!!!!! (34.05)
Stock Gapping down -$3 would pick up the weakness at $32.50 level let is short cover at the open towards $33+ then watch the topping on it then look for a nice ALL day fader imo. Higher it pops better the fade for us all.

8) $NTAP JPM Morgan and Barclays out to BUY the weakness on this (66.79)
Stock Gapping down -$3 would pick up a few at $63 level room to $61 at the open look for this to get back to the $$65 level on it. should be fun on it today, let it set up

9) $WSM Earnings Beat HUGE (49.18)
Stock Gapping up +7 I like to see this come down to $52 level on profit taking lets see if it pops at open towards $56-$57 on short squeeze then we fade it back down on profit taking, with market being weak this may come down nice, Higher it ops better the chances we fade it, if this pulls at open to $50-$52 level ease into it long for an all day slow move to the upside

10) $DE UBS out with a BUY rating and $185 PT (156.58)
Stock Gapping up +$2 on this call, I would lean into this a little short at $158.50 room to add at the opoen towards $160 look for this to gap fill and come back down to $157 and under then look to go long the stock for an all day slow move to the upside

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Notable Calls:

$MYOK Prices 3.75Million at $49 (48.00) Will be buying this again through out the day today I have a offer in at $48 right now and will buy on dips but I will be playing for .50- to 1 point on each play

$PRTA reduces workforce and discontinues NE development Drug Program expects to burn 40-50 million in cash (14.32)
Stock gapping down -.32 took some short at $14 will add on pops at the open don’t see much risk on it. Looking for $13 and under on this news

$BBY Earnings Miss (75.95) Gapping down -$4 look for a small pull at open towards $69-$70 then take a few long on it then get 1-3 points on short covering then look to short it and fade it all day. If this pops at open let it cover to $75 plus look for the $72 to break to the upside and nail it long for 2-3 points then top it off. Think we pop it before we go lower imo

 

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