RZOR
First red day Supernovae. Finished red by more than 32% last time, so less down side might be realistic. If it had fallen less than 10% more could be expected as plausible. Always watch day 2 of a popped one. The plan is to play for more reddening on day 2. Conditional entry. A flat, nominally green or red open that immediately sells off on heavy volume or sports traditional confirmed weakness cues is a fade entry. Keep flat on greening or strength, especially early. This is more likely given the degree of redness today. Avoid entries as a short on big gaps up or down, but down is probably worse.
KNKT
The spell broken on this one, we have another conditional entry. 2nd day redness might follow after today's 16% drop which began with a cliff dive. It's quite possible it could bounce up tomorrow, even spike, given the wipe out today, but I am flat on greening of any sustained kind. A flat, nominally green or red open that immediately sells off on heavy volume or sports traditional confirmed weakness cues is a fade entry. Avoid entries as a short on big gaps up or down, but down is probably worse. Morning panic dumps are scalp bait.
DNN
This is at new 52's and beginning to break out of a range. Short term, such stocks tend to go higher. Possible red to green long, either on a small gap up that briefly goes red and back again or a gap down that soon greens. Or, steady trading above the opening price on a modest gap up. 4 test might be in store. Ideally this holds above 3.70 on any test, and a stop should be set a bit under 3.60 or so. Avoid shorts on any sustained reddening. Nice chart on the eyes.
NPSP
New 52's. Successful trial catalyst sent this soaring. Up after hours. Key is for it to hold 10 or retake it early and holds for the long. Not into a short yet. Keep flat on sustained weak price action. It could pull back at the open and yield a red to green long. Or, it might just keep going after a gap up, trading consistently over the opening price for the long. Possible spike up out of or near the open for a long scalp.
XOMA
Lots of consolidation with some support around 5.50 which was breached today. Should have some more down side in store tomorrow or soon. Watch to see if it can keep 5.50ish as a new ceiling. A fade entry on heavy selling pressure early or confirmed weakness cues. Scalp short on panic sells or longer hold on steady distribution under resistance. Keep flat on greening, or retaking of 5.50 and holds.
AYSI
In play both ways. Possible gap and crap to fade into as it is now a bit overdone. Possible short on an at or near bell heavy volume dump. Also a fade on the usual confirmed weakness cues, more likely to arise on a flat or barely green or red debut with a clear move down thereafter. Might test 2 though first. Some resistance there. If it takes and holds 2, I am long. Might sell off strongly there as a ceiling. Big gaps either way are usually bad, but here it could help a gap and crap set up. Might have to top fish fade. A live price action call.
IPRC
Under promotion, and also steadily advancing. Should have some more upside tomorrow. Long on any greening, but keep a finger on the sell button at all times with live monitoring. Do not hold onto it if it weakens. Not up enough for a good short yet. If it looks weak or fails to resume inching around the open, keep in cash.
Review my blog at Investimonials:
Follow me now on Twitter:
Watch my instructional trading videos on YouTube:
Subscribe to Big T by e-mail:
Subscribe to Big T in a news reader:
The blog has a terms of service. Be sure to read it at:
http://traderbigt.blogspot.com/2010/02/please-read-my-terms-of-service-i.html
First red day Supernovae. Finished red by more than 32% last time, so less down side might be realistic. If it had fallen less than 10% more could be expected as plausible. Always watch day 2 of a popped one. The plan is to play for more reddening on day 2. Conditional entry. A flat, nominally green or red open that immediately sells off on heavy volume or sports traditional confirmed weakness cues is a fade entry. Keep flat on greening or strength, especially early. This is more likely given the degree of redness today. Avoid entries as a short on big gaps up or down, but down is probably worse.
KNKT
The spell broken on this one, we have another conditional entry. 2nd day redness might follow after today's 16% drop which began with a cliff dive. It's quite possible it could bounce up tomorrow, even spike, given the wipe out today, but I am flat on greening of any sustained kind. A flat, nominally green or red open that immediately sells off on heavy volume or sports traditional confirmed weakness cues is a fade entry. Avoid entries as a short on big gaps up or down, but down is probably worse. Morning panic dumps are scalp bait.
DNN
This is at new 52's and beginning to break out of a range. Short term, such stocks tend to go higher. Possible red to green long, either on a small gap up that briefly goes red and back again or a gap down that soon greens. Or, steady trading above the opening price on a modest gap up. 4 test might be in store. Ideally this holds above 3.70 on any test, and a stop should be set a bit under 3.60 or so. Avoid shorts on any sustained reddening. Nice chart on the eyes.
NPSP
New 52's. Successful trial catalyst sent this soaring. Up after hours. Key is for it to hold 10 or retake it early and holds for the long. Not into a short yet. Keep flat on sustained weak price action. It could pull back at the open and yield a red to green long. Or, it might just keep going after a gap up, trading consistently over the opening price for the long. Possible spike up out of or near the open for a long scalp.
XOMA
Lots of consolidation with some support around 5.50 which was breached today. Should have some more down side in store tomorrow or soon. Watch to see if it can keep 5.50ish as a new ceiling. A fade entry on heavy selling pressure early or confirmed weakness cues. Scalp short on panic sells or longer hold on steady distribution under resistance. Keep flat on greening, or retaking of 5.50 and holds.
AYSI
In play both ways. Possible gap and crap to fade into as it is now a bit overdone. Possible short on an at or near bell heavy volume dump. Also a fade on the usual confirmed weakness cues, more likely to arise on a flat or barely green or red debut with a clear move down thereafter. Might test 2 though first. Some resistance there. If it takes and holds 2, I am long. Might sell off strongly there as a ceiling. Big gaps either way are usually bad, but here it could help a gap and crap set up. Might have to top fish fade. A live price action call.
IPRC
Under promotion, and also steadily advancing. Should have some more upside tomorrow. Long on any greening, but keep a finger on the sell button at all times with live monitoring. Do not hold onto it if it weakens. Not up enough for a good short yet. If it looks weak or fails to resume inching around the open, keep in cash.
Review my blog at Investimonials:
Follow me now on Twitter:
Watch my instructional trading videos on YouTube:
Subscribe to Big T by e-mail:
Subscribe to Big T in a news reader:
The blog has a terms of service. Be sure to read it at:
http://traderbigt.blogspot.com/2010/02/please-read-my-terms-of-service-i.html
No comments:
Post a Comment