TA
Once again, see my comments from last time, and dating back to last Friday, they still apply on this stubborn, choppy whipsaw prone maturing Supernovae. A distribution session cannot be too far off. Buy volume tepid.
KV.A & KV.B
First red day Supernovae. Finished red by no more than 4.5% last time, so more down side might be realistic. If it had fallen more than 10% less 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 less likely given the degree of redness today. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action.
AEHI
Supernovae scan return on what is in effect the first red day, despite an unchanged finish relative the previous session close. It ended lower than it opened, but not massively. Entry cues are similar to that of KV.A and KV.B above. Avoid longs.
STVI
Social Networking stock at new 52's, cracking 3 per share. Short term, these usually go higher. This might involve an early red to green move, especially on a modest gap down. Avoid big gaps in any direction. Also a long on consistent moves above the opening price level on Wednesday. No shorts, keep flat on consistently weak price action. Long scalp on spiking up at or near the bell. Needs to keep above 3.40 aside from initial noise leeway. Any associated red to green move needs to be speedy.
ZLCS
Biotech stock with some recent positive news at new 52's. Entry cue strategies similar to STVI above, so see comments for that in terms of details. Needs to keep above 2.60 aside from initial noise leeway. Any associated red to green move needs to be speedy. A stop on longs should trigger if it falls under 2.40ish.
GWAY
New Supernovae scan return. Rose over 18,800% (!) today on big news, see: http://wallstreetpanel.com/pennystock/gway-being-acquired/ Clearly, this is a special situation. But until the ticker symbol change which I assume is not yet true as of tomorrow, this is going to see more profit taking soon, hopefully Wednesday. Volume stronger than ever, so it might not be over. Box and drop or wait for decay. Ideal is a flat or barely green or red open, followed by a big move down on volume to short into. Avoid big gaps, especially downward ones. Fade on morning panic or conventional confirmed weakness cues. This kind of scenario can have legs, so this is also a at or near bell spike up long scalp if it is on heavy volume, but be prepared to jump ship at any stalling.
LIEG
Nice volume last 2 days and break out on the price correction to make new 52's. Short term, these usually go higher. This might involve an early red to green move, especially on a modest gap down. Avoid big gaps in any direction. Also a long on consistent moves above the opening price level on Wednesday. No shorts, keep flat on consistently weak price action. Long scalp on spiking up at or near the bell. Possible long swing. Needs to stay above the 0.35-0.36 new support area. Any associated red to green move needs to be speedy. Potential is good for patient longs if the above floor holds.
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Once again, see my comments from last time, and dating back to last Friday, they still apply on this stubborn, choppy whipsaw prone maturing Supernovae. A distribution session cannot be too far off. Buy volume tepid.
KV.A & KV.B
First red day Supernovae. Finished red by no more than 4.5% last time, so more down side might be realistic. If it had fallen more than 10% less 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 less likely given the degree of redness today. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action.
AEHI
Supernovae scan return on what is in effect the first red day, despite an unchanged finish relative the previous session close. It ended lower than it opened, but not massively. Entry cues are similar to that of KV.A and KV.B above. Avoid longs.
STVI
Social Networking stock at new 52's, cracking 3 per share. Short term, these usually go higher. This might involve an early red to green move, especially on a modest gap down. Avoid big gaps in any direction. Also a long on consistent moves above the opening price level on Wednesday. No shorts, keep flat on consistently weak price action. Long scalp on spiking up at or near the bell. Needs to keep above 3.40 aside from initial noise leeway. Any associated red to green move needs to be speedy.
ZLCS
Biotech stock with some recent positive news at new 52's. Entry cue strategies similar to STVI above, so see comments for that in terms of details. Needs to keep above 2.60 aside from initial noise leeway. Any associated red to green move needs to be speedy. A stop on longs should trigger if it falls under 2.40ish.
GWAY
New Supernovae scan return. Rose over 18,800% (!) today on big news, see: http://wallstreetpanel.com/pennystock/gway-being-acquired/ Clearly, this is a special situation. But until the ticker symbol change which I assume is not yet true as of tomorrow, this is going to see more profit taking soon, hopefully Wednesday. Volume stronger than ever, so it might not be over. Box and drop or wait for decay. Ideal is a flat or barely green or red open, followed by a big move down on volume to short into. Avoid big gaps, especially downward ones. Fade on morning panic or conventional confirmed weakness cues. This kind of scenario can have legs, so this is also a at or near bell spike up long scalp if it is on heavy volume, but be prepared to jump ship at any stalling.
LIEG
Nice volume last 2 days and break out on the price correction to make new 52's. Short term, these usually go higher. This might involve an early red to green move, especially on a modest gap down. Avoid big gaps in any direction. Also a long on consistent moves above the opening price level on Wednesday. No shorts, keep flat on consistently weak price action. Long scalp on spiking up at or near the bell. Possible long swing. Needs to stay above the 0.35-0.36 new support area. Any associated red to green move needs to be speedy. Potential is good for patient longs if the above floor holds.
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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