ROYL
Supernovae, after 1 red day no gravy followed. Analysis is much the same for entries as described last time. See them for details. Pushing 7 now that it is up after hours. Has squeezed a lot of shorts, but if you are patient and wait for it to dump, it will be a good fade. Once again gapping up does not help as you are then tempted top fish a peak, which is harder to do than it sounds.
BULM
Lebed finally did it, picking as his top stock and receiving 20 G's to hawk it this thing, which will soon be profit taken for a short. It might not be done, but longs will have to be content with from or near gun spikes up to scalp, or will have to only enter on positive printing continuously, which means an early red to green or a gap up that keeps chuggin' above the opening price level. Such a play will require constant babying, as well. I am waiting for the dump to fade. If it panics, then a short scalp beckons, using a slippage limiting market order. The same can be used for longs who need to bolt in a hurry. Also a fade on confirmed weakness cues. Closed on the hod, and it might test 2 before it is done. It might be dropped there or if it holds, keep going.
PNM
New 52's. Earnings play which broke out nicely today on mixed results. Short term, these 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 or opens flat and falls briefly, a red to green and hold with strong volume. Avoid shorts, keeping flat on any signs of enduring weakness. Also long on spiking up at or near the gun as a scalp.
RPRX
Rose over 28% on surprisingly modest volume on the charts. Down a tad after hours. I expect this might have a bit more upside left, believe it or not, given the volume print. Past history aids that hunch. A long scalp on spiking up at or near the bell. An early red to green long might trigger, alternatively. Avoid shorts here, keeping flat on consistently weak price action. New 52's which usually go higher. 6 test possible soon.
DPTR
Red floater scan return. Idea is to play for more down side on day 2. Keep flat on early greening/strength. A fade on an early green to red and holds on volume. Also a fade on a flat or nominally down open that begins to trade consistently under the opening price level, or morning panic style dumping at any time. Gap up today eventually filled completely to finish unchanged, curiously. ATAI is another red floater, but not an official pick.
SONS
New 52's. Earnings surprise from announcement yesterday. Short term it might go higher. Analysis is similar to that of PNM described earlier. See that for more information. This one really caught 'em off guard, I think.
BDCO
Kept squeezing shorts, and is annoyingly consolidating in appearance on the daily chart, but it is still a potential short. Not much has changed since last time. See my comments for then and Friday for details. Volume on the buy side keeps fading, a good sign for patient shorts who wait to enter only on confirmed weakness cues. This one is probably being propped up due to the energy sector strength, MXC, PDO, etc.
Off record, keep watching COYR and AMZG for eventual short entries, they have been inching up daily for longs for a while now. AMEL might have a bit more, but its a bit over extending with high upper shadows. Nice volume though. ZN might test 5.50 it was a surprise today and up after hours. CXLT jumped over 100% on a Newsletter mention, and then changed its name suspiciously. It is down big after hours but might fall further-it has a really bad financial balance sheet. VASO might be a possible swing if it keeps momo up.
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Supernovae, after 1 red day no gravy followed. Analysis is much the same for entries as described last time. See them for details. Pushing 7 now that it is up after hours. Has squeezed a lot of shorts, but if you are patient and wait for it to dump, it will be a good fade. Once again gapping up does not help as you are then tempted top fish a peak, which is harder to do than it sounds.
BULM
Lebed finally did it, picking as his top stock and receiving 20 G's to hawk it this thing, which will soon be profit taken for a short. It might not be done, but longs will have to be content with from or near gun spikes up to scalp, or will have to only enter on positive printing continuously, which means an early red to green or a gap up that keeps chuggin' above the opening price level. Such a play will require constant babying, as well. I am waiting for the dump to fade. If it panics, then a short scalp beckons, using a slippage limiting market order. The same can be used for longs who need to bolt in a hurry. Also a fade on confirmed weakness cues. Closed on the hod, and it might test 2 before it is done. It might be dropped there or if it holds, keep going.
PNM
New 52's. Earnings play which broke out nicely today on mixed results. Short term, these 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 or opens flat and falls briefly, a red to green and hold with strong volume. Avoid shorts, keeping flat on any signs of enduring weakness. Also long on spiking up at or near the gun as a scalp.
RPRX
Rose over 28% on surprisingly modest volume on the charts. Down a tad after hours. I expect this might have a bit more upside left, believe it or not, given the volume print. Past history aids that hunch. A long scalp on spiking up at or near the bell. An early red to green long might trigger, alternatively. Avoid shorts here, keeping flat on consistently weak price action. New 52's which usually go higher. 6 test possible soon.
DPTR
Red floater scan return. Idea is to play for more down side on day 2. Keep flat on early greening/strength. A fade on an early green to red and holds on volume. Also a fade on a flat or nominally down open that begins to trade consistently under the opening price level, or morning panic style dumping at any time. Gap up today eventually filled completely to finish unchanged, curiously. ATAI is another red floater, but not an official pick.
SONS
New 52's. Earnings surprise from announcement yesterday. Short term it might go higher. Analysis is similar to that of PNM described earlier. See that for more information. This one really caught 'em off guard, I think.
BDCO
Kept squeezing shorts, and is annoyingly consolidating in appearance on the daily chart, but it is still a potential short. Not much has changed since last time. See my comments for then and Friday for details. Volume on the buy side keeps fading, a good sign for patient shorts who wait to enter only on confirmed weakness cues. This one is probably being propped up due to the energy sector strength, MXC, PDO, etc.
Off record, keep watching COYR and AMZG for eventual short entries, they have been inching up daily for longs for a while now. AMEL might have a bit more, but its a bit over extending with high upper shadows. Nice volume though. ZN might test 5.50 it was a surprise today and up after hours. CXLT jumped over 100% on a Newsletter mention, and then changed its name suspiciously. It is down big after hours but might fall further-it has a really bad financial balance sheet. VASO might be a possible swing if it keeps momo up.
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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