First red day, Supernovae scan return. Only fell 2% so some down side should still be available. Plan is to fade massive sell dumps or confirmed weakness cues. Keep flat on early strength/greening. One not very good sign for shorts, though, is the distribution volume today was quite tame compared to previous buying.
Several days into hype led Supernovae play. Volume at highest level yet today. Closed well off of the highs, so this is a sign of maturation. Clearly, it still may not be done, you will have to be patient and wait for heavy selling pressure to take profits or for confirmed weakness cues. As always, top fishing to fade is trickier than it looks and is on the table if it spikes up from the gun. The ideal outcome would be for it to open flat or barely green or red and begin dumping, instead. A bit late for safe longs, so on greening I am flat here.
New Supernovae scan return. Actually has been on the move for a few days now. Along with gaps, it has more than doubled in 3 sessions. Clearly, it still may not be done, you will have to be patient and wait for heavy selling pressure to take profits or for confirmed weakness cues. Possible gap and early or from bell spiking up to long scalp into. The short is going to be a dandy except it might be ruined in practical terms like STVI could, see above. Volume now at its highest level yet in the current advance, so respect the idiocy.
An easy call here. Although long term the signs are a big tumble, short term this is not pushing up daisies yet. It took & held 2, not on earth shattering volume, mind you, but it closed on the hod or almost twice in a row. A long on more upside and hold of 2, with constant monitoring to ensure it keeps holding it, as it is a short on a fail at 2 and break below, especially with some volume. The best long was when it busted over 1.86 though.
The pattern has been breached. Now more down side in panic might yet follow. Sold off today on heavy volume. Pumper, but on the way to being a dumper encore. A fade on morning panic or confirmed weakness cues. Probably not too much risk of early spiking up or strength, but if it does, leave it alone, avoid longs.
First red day of Supernovae play. Analysis is very similar to that for RPRX above. Here, though, the stock fell more today so less down side potential might follow.
Took new 52's after hours. Up about 46.5% today and a lot more following the close. An exceptional case of a top fishing short play being possible on big green early or from gun spiking candles that begin to stall. Plenty of profit takers should arrive early tomorrow. Also possible is to scalp long any initial spiking, so in play both ways. Of course, it might dump hard from the bell, which can be shorted into, at least for a quick scalp.
On fire and also new 52's, this is up after hours, but not as much as XING is. Might make another run at 2 like it did today. Early strength is a possible long on the ascent. Of course, it might dump hard from the bell, which can be shorted into.
New 52's with IBD buzz over options on it from big names. Quite likely this continues from the gun or near it to advance and squeeze shorts. Eventually it might be faded, especially on really big moves, though that will require top fishing risks. Possible early red to green long if it fails to gap up. I think it gaps up, though.
Another new 52's. Quite Bullish short term, arguably. Similar analysis for entries as given in REE above. These mining and mineral stocks are really interesting lately.
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