Pre Market Game Plan

Pre Market Game Plan by AJ – 9/3/19

By September 3, 2019 No Comments

1) $CDTX Partnership to develop REZAFUNGIN 30M+ Equity Investment of 9 mil (1.68)
Stock gapping up +1.25 Watch for pop at open to $3-$3.15 spot if we get buyer on the $3.15 stock will push nice towards $3.50-$4 quick before slowing down, if this small pops and lower lows set in look for slow bleeder towards $1.80 and under. If it snaps the $2.60 level should bleed out all day long. Careful on the short, small cap rooms are looking for something to bite, so this could be the one for them

2) $ARDS No longer development program study fails for AR-105 (11.68)
Stock gapping down -$3 like to see small pop at the open towards $9.50-$10 then all day bleeder on it, if this yanks hard at the open watch the $7-$7.50 area and shorts should come in and pop it +1-$1.5 on short covering

3) $I withdraws from C-Bank Alliance (20.68)
Stock gapping down -$2 like to nibble some long here at $18 and under, give it room to flush a little at the open I myself took small starer at $18.48 I might be early on it but will give it room to $17 and under and add a few more, I’d like to see this recover back towards $19.50-$19.75 this is down quite a bit, but just be patient with it, ideally $15.50 can come just watch for bottom curl and shorts will come in and squeeze this baby back up

4) $CONN Earnings Beat (20.16) revs in-line
Stock gapping up +2.70 like to see small pop at the open towards $24-$25 top on it then slow fader gap fill back to $21.50 and under, if this dumps and sells off at the open look for the $21.50-$22 area bottom curl it then slow move to the upside on it

5) $MDCO Phase 3 trial reached Primary Endpoint (41.96) Citi raised to $55 PT from $48
Stock gapping up +5 like to see small squeeze at the open towards $48-$50+ area top it off then slow fader all day long, if this dumps at open watch the $42.50-$43.50 bottom curl then slow move to the upside back to pre-market highs, for me I would love pop and slow fade on it

6) $SQ Upgraded to BUY from SunTrust PT $80 from $75 (61.84)
Stock gapping up +1.50 like to see small pop at the open towards $64-$65 topping then nice gap fills sell off to $60.50-$61 and under bottom curl then slow move back to pre-market highs, if this pulls hard at the open I will be a buyer at the $60.50 level and under.

7) $NVDA Market gapping down on Tariffs (167.51)
Stock gapping down -$2 like to see small pop at the open through $166-$166.70 area top it off then slow bleeder back down to $163-$164 before bottom curl kicks in, if this yanks hard at the open watch the $163-$164 level and shorts will come in and over.

8) $TTD Market gapping down (245.77)
Stock gapping down -$3 like to see small pop at the open towards $245-$248 area top it off then nice sell off for 6-8 points, ideally I would love to see this snap at open to $238-$239 levels scale in long for slow move back to $242-$245 for nice points, this one I will be playing

9) $NFLX Market gapping down (293.75)
Stock gapping down -$3 like to see small gap fill pop at the open towards $292.50-$294 area top it off then slow fader back down to $285-$287 area if market holds down once we get back to $285-$287 area nibble long small starter give in a few bucks and let this get back up 4-6 points to the upside, should be fun

10) $BA Max 8 jets to be grounded unto the Holiday season (364.09)
Stock gapping down -$9 would take a few long small at $355 and under room to $352 at the open like to see this simply gap half way back to $359-$360 then slow fader on it, if this yanks hard at the open under $350, watch for bottom curl then slow move to the upside, should be fun for nice points today, more it pulls at the open better the range to the upside

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Notable Calls:

$TREE UBS upgrades TREE to $395 from $355 (310.09) Like to see this pop at the open towards $315-$317 area if it comes then look for a nice gap fill sell off pullback to $307-$309 and under bottom curl it then slow move to the upside, if this yanks right at the open watch the $307 area and under then small nibble bottom curl then look for solid move to $310-$313+ on this today

$ULTA Below the $235 area this morning lowest PT given on Friday from Analyst (237.73) My average is $235.55 small looking for quick gap fill at the open towards $238-$239 if it comes sell into it, if it pulls hard at the open I will be patient looking for that $230 bottom curl on it, Most PT given on Friday were all over $300+ with market pulling this even further today, like to simply add on weakness and bounce it for quick money

 

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