Pre-Market Trading Ideas for August 29, 2014 : BIG,CSRE, MCHP, IPCI, ANFI, DDD, SPLK, OVTI, VEEV, RALY, DDD, TVIX, UVXY, AVGO, UEPS, USU, DGLY, JRJC

Tuesday Premarket Earning :
CONN, KFX 

6200 vol for Sept 40 put vs 58 for $CONN, ER is on Tuesday. 

After Hours Earning:
GWRE, PRGN, PIKE, SWS

20 Minutes of Day trade:
SPLK Short @52.50, KNDI Long, FEYE Long, EZCH Short, CRTO short @36.60

KNDI Long:

KNDI Day Trade Chart Set Up Chart

KNDI Long

Trade Plan:

BIG, CRTO, AVGO, NCTY, CSRE, MCHP, IPCI , ANFI, DDD, SPLK , OTIV, VEEV, RALY, FOLD, 

Volatile Stock (Risky Stock): USU, UEPS, DGLY, JRJC, SGOC, HGSH (Don’t hold it long for too long)

New IPO :

Expected (pricing date)	Filed	Issuer/Business	Symbol/ Exch	Headquarters	Shares (in mil)	Pricing range low/high	Bookrunner(s)
Aug. 29	Jun 20	Armada Water Assets / Provider of water supply, treatment, disposal, svcs to oil & gas indstry.	AWA / Nasdaq	Houston/ Texas	2.5	5.00 / 7.00	Aegis Capital
Aug. 29	Jun 10	Capnia / Maker of therapeutic & diagnostic prdcts.	CAPN / Nasdaq	Redwood City/ California	2.7	6.50 / 8.50	Maxim Grp
Aug. 29	Jun 24	Zosano Pharma / Transdermal microneedle patch drug delivery system.	ZSAN / Nasdaq	Fremont/ California	6.4	10.00 / 12.00	Wedbush

Chart of the day:
AAPL:

AAPL Chart 

RGDO:

RGDO

EZCH

EZCH

Trade Plan:

CSRE, MCHP, IPCI , ANFI, DDD, SPLK , OVTI, VEEV, RALY

Volatile Stock (Risky Stock): USU, UEPS, DGLY, JRJC, SGOC, HGSH (Don’t hold it long for too long)

News that matter:

Microchip confirms preliminary discussions with CSR plc (MCHP)

Intellipharmaceutics Intl augments its Rexista ocycodone development program with novel overdose deterrence technology (IPCI)

 Amira Nature Foods beats by $0.10, beats on revs; reaffirms FY15 revs guidance (ANFI) 

OmniVision reports Q1 (Jul) results, beats on revs; guides Q2 EPS in-line, revs in-line (OVTI)

 Rally Software Development beats by $0.10, beats on revs; guides Q3 EPS in-line, revs below consensus; guides FY15 EPS above consensus, revs in-line (RALY)

Splunk beats by $0.03, beats on revs; guides Q3 revs above consensus; guides FY15 revs above consensus (SPLK)

Veeva Systems beats by $0.02, beats on revs; guides Q3 above consensus; raises FY15 guidance (VEEV) 

Pacific Sunwear reports EPS in-line, beats on revs; guides Q3 EPS below consensus, revs in-line; comps +0.03% (PSUN)

3D Systems sees Simbionix acquisition immediately accretive (DDD)

OmniVision reports Q1 Non-GAAP EPS 91c, consensus 53c . Reports Q1 revenue $406.5M, consensus $382.83M, sees Q2 Non-GAAP EPS 43c-59c, consensus 49c (OVTI)

Net 1 UEPS sees FY15 fundamental EPS at least $1.92, one estimate $1.62 (UEPS)

Avago sees Q4 revenue up 18%-22%, consensus $1.42B (AVGO)

Cellular Dynamics awarded U.S. patent for human pluripotent stem cells production (ICEL)

After Hour Gainers / Losers

Top gainers: UEPS +18.0%. VEEV +13.2%. SPLK +8.9%. ANFI +7.8%. LACO +3.8%.

Top losers: USU -8.2%. CTLT -4.7%. PSUN -4.4%. UVXY -3.0%. TVIX -1.8%.

Earnings before market open:

Big Lots, Inc. ( BIG ) is reporting for the quarter ending July 31, 2014. The discount retail company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.30. This value represents a 3.23% decrease compared to the same quarter last year. BIG missed the consensus earnings per share in the 4th calendar quarter of 2013 by -100%.