INPH
First red day Supernovae. Finished red by less than 6% last time, so more down side might be kind of realistic. If it had fallen more than 10% less could be expected as plausible. Always watch day 2 of a busted 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 high volume greening or strength, especially early. This is less likely given the average degree of redness on Friday. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action, like trading above the opening price level.
HNHI
Supernovae still maturing, day 2 since scanned. Buy volume modest, which is a good sign. If afraid, box and drop. Avoid trying to top fish. Chase bloody waters, not sharks. Big gaps again not ideal, especially as they tend to encourage top fishing. A fade on massive early sell dumps and confirmed weakness cues. The latter is easiest to achieve on a flat or nominally up or down open, that immediately heads south. Panic dumps are best short scalped. Such plays often go on longer than is sane, but entering long now is a bit daring. Wait for the wheels to start coming off, then enter. No longs. Keep flat on early strength/greening.
KV.A and KV.B
First red day Supernovae in effect. This has been on scan more than once recently for the same set up. It closed green due to a big gap up and crap, so it closed lower than it opened. 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. A scalp down on the morning panic style dumping and a longer hold short on the other. Keep flat on greening or strength, especially early. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action in general.
VG
New 52's. Earnings catalyst. No real run up into them. Short term, both of these types of plays tend to go higher. Up slightly after hours. Could spike up at or near the gun for a long scalp. Also possible is an early red to green if it dives soon after the open, then reverses hard. Long on that. Long as well on consistent trading above the opening price level. Avoid shorts, staying flat on consistently weak price action. The risk of a squeeze on a spirited reversal in such cases is too high. Avoid top fish fades, too. Nice chart on the daily.
SLTM
New 52's. Earnings release a week out on the 22nd. This is like VG except more speculation is involved as they have not released. A healthy Bull market often sees plays like this where stocks run up into the report. The idea is to sell just before the news is released. Possible swing for the patient. Pull back entries need to hold 3.20 area. If it falls under that is a signal to abandon ship if you are in a long.
FKWL
New 52's. Earnings related, but not a release or a lead up into one. Great volume and possible gapper. Must hold 2.90 as new support. Any pull back entry needs to perk up off of that or 3 if challenged. Analysis like that for VG or SLTM which this play resembles closely. Remember on all of these avoid really big gaps.
MBYL
This cannot last too long. Being promoted. Possible gap and early crap. Might hit 0.15 first. A short on any confirmed weakness cue or a fade scalp on morning panic like dumps. Avoid longs. Keep flat on consistently strong price action, like trading above the opening price level with acceleration and volume, etc. Very shady outfit, and a worthy short with proper timing. A top fishing fade if it really begins to dump. A blurb I read reads, quote: "Investors are hoping that the completion of the mobile software will help the telecom solutions provider generate sustainable revenues. Despite the optimism, investors should be aware that the firm has generated no revenues since its inception in July of 2005, while its assets of $77,890 were outpaced by more than $400,000 in liabilities, as of October 31, 2010." Even the Message Board retards get this smells funny.
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First red day Supernovae. Finished red by less than 6% last time, so more down side might be kind of realistic. If it had fallen more than 10% less could be expected as plausible. Always watch day 2 of a busted 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 high volume greening or strength, especially early. This is less likely given the average degree of redness on Friday. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action, like trading above the opening price level.
HNHI
Supernovae still maturing, day 2 since scanned. Buy volume modest, which is a good sign. If afraid, box and drop. Avoid trying to top fish. Chase bloody waters, not sharks. Big gaps again not ideal, especially as they tend to encourage top fishing. A fade on massive early sell dumps and confirmed weakness cues. The latter is easiest to achieve on a flat or nominally up or down open, that immediately heads south. Panic dumps are best short scalped. Such plays often go on longer than is sane, but entering long now is a bit daring. Wait for the wheels to start coming off, then enter. No longs. Keep flat on early strength/greening.
KV.A and KV.B
First red day Supernovae in effect. This has been on scan more than once recently for the same set up. It closed green due to a big gap up and crap, so it closed lower than it opened. 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. A scalp down on the morning panic style dumping and a longer hold short on the other. Keep flat on greening or strength, especially early. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action in general.
VG
New 52's. Earnings catalyst. No real run up into them. Short term, both of these types of plays tend to go higher. Up slightly after hours. Could spike up at or near the gun for a long scalp. Also possible is an early red to green if it dives soon after the open, then reverses hard. Long on that. Long as well on consistent trading above the opening price level. Avoid shorts, staying flat on consistently weak price action. The risk of a squeeze on a spirited reversal in such cases is too high. Avoid top fish fades, too. Nice chart on the daily.
SLTM
New 52's. Earnings release a week out on the 22nd. This is like VG except more speculation is involved as they have not released. A healthy Bull market often sees plays like this where stocks run up into the report. The idea is to sell just before the news is released. Possible swing for the patient. Pull back entries need to hold 3.20 area. If it falls under that is a signal to abandon ship if you are in a long.
FKWL
New 52's. Earnings related, but not a release or a lead up into one. Great volume and possible gapper. Must hold 2.90 as new support. Any pull back entry needs to perk up off of that or 3 if challenged. Analysis like that for VG or SLTM which this play resembles closely. Remember on all of these avoid really big gaps.
MBYL
This cannot last too long. Being promoted. Possible gap and early crap. Might hit 0.15 first. A short on any confirmed weakness cue or a fade scalp on morning panic like dumps. Avoid longs. Keep flat on consistently strong price action, like trading above the opening price level with acceleration and volume, etc. Very shady outfit, and a worthy short with proper timing. A top fishing fade if it really begins to dump. A blurb I read reads, quote: "Investors are hoping that the completion of the mobile software will help the telecom solutions provider generate sustainable revenues. Despite the optimism, investors should be aware that the firm has generated no revenues since its inception in July of 2005, while its assets of $77,890 were outpaced by more than $400,000 in liabilities, as of October 31, 2010." Even the Message Board retards get this smells funny.
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
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