Monday, March 14, 2011

Watchers for the 3-15-11 trading session


Supernovae, still maturing. Strongest volume yet today. See my comments from last time and the session prior, little has changed. This will give entry decision/trading guidelines. Look at that chart, memorize it now!


Another rapidly maturing Supernovae. Volume is fading, which is a good sign for prospective shorts. Again, see my comments from last time for details on entry strategies and trade management. Little has changed.


Yet again, see my comments from last time. Entry strategies and play management are found there. Not a lot has changed. The volume is still strong, but a bit less. Whatever is up here, a program or promotion, it has had some legs so far for longs. A steady inching up usually with a gap up open, hints at daily upside. One of those hands on the sell button or mouse affairs for long risk takers, since plays like this have a nasty habit of collapsing in minutes days worth of gains. Clearly this is also on short watch on confirmed weakness cues or morning panic style dumps on volume at any time, but I think it might have a bit more gravy upside left.


New Supernovae scan return. Closed off of the highs. One day wonder up over 286% today. No after hours quote. If it opens a bit down, it might yield a rapid red to green on Tuesday but I am flat on any strength/greening. Also flat on consistently strong price action. News driven move, but it probably has few legs if any. Conditional entry. A fade on confirmed weakness cues or heavy dumping on volume from or near the bell. 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. Do not short into initial strength or greening. Box to drop if you do not want to buy and prefer to wait for the distribution print, avoid top fish timing fades. Be patient.


New 52's. Previous high had been 3.69 set last April. It closed under 3.50 but is over that after hours. If it holds above there and then regains 3.70+ it could retest today's highs. It sure seems like like it is going a bit parabolic but I hesitate to fade in these cases, though if it falls back under 3.50 it is a possible fade. Short term, these yearly high stocks usually go higher. Consistently strong price action, like trading above the opening price level after the first 5 minutes, is a long. Or, if it gaps down a bit to debut or opens flat and falls briefly, a red to green and hold with strong volume. Also long on spiking up at or near the gun as a scalp. This might be an EOD exit, depending on how it holds up. Also long on a break above to new yearly highs/holds.


New 52's. Analysis is similar to that of CIGX above. Ran up on fairly modest volume lately, which could be good for would be longs. Might have push toward 5.50+ before it pulls back. Very possible red to green on the long as it has tended to gap down and fill, before continuing ascent. Fade possible if it falls under today's close, but I am less excited about shorting here than on the above play, for several technical reasons.


See my comments for last time, little has changed. This was pumped by a low rent district e-mail outfit, and it may have downside gravy to short into on a 2nd red day. Avoid longs and keep flat on consistently strong price action. You will know early how it is going to go, and it should be promising. Over weeks, even better.

Off table, I will be monitoring PELE for a fade entry. Too cheap for me, but the evident rumor mill for why it went up over 605% today is not likely to have long legs. A short on the usual cues or panic dumps on volume. Sure, it could keep going, but I am flat on early strength/greening. MB chatter aside, material like the following does not impress folks forever on a Pinkie: and  It is amazing how folks can buy into a carcass like this seriously long term! 

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