Tuesday, April 19, 2011

Watchers for the 4-20-11 trading session


3 test coming. Again, see my previous comments, mostly still applicable. However, since longs retook control, the bias is in their direction. Down a tad after hours, an early red to green long might arise. A take and hold of 3 is a long. A fail there is a short. Short on confirmed weakness cues or heavy volume dumping. The run on this has been nothing short of amazing, it has to end sometime, but live price action as always, decides.


Another good early feedback type of play. 10 test coming. No A/H quote. Long on a take and hold with volume of 10, and short on a fail there as a ceiling. Also a long scalp on spiking up from/near the bell. Also possible is a gap up over 10 and fall back under for the short. Also a short on immediate dumping off of a flat or ordinary gap down. This is a break out in theory, and anything holding over 10.05 is a long, stop under 10.


Why this is up lately is not entirely clear. Possible is a long scalp on spiking up at or near the gun. Down about 2% A/H. Equally possible is an opening heavy volume dump to short into as a scalp with a longer holding period if it keeps selling off slowly thereafter. Essentially, this is a short on a fail of 1 dollar, especially early.
Read: http://www.hotstocked.com/article/5192/fibrocell-science-inc-otc-fcsc-jumps-up-again.html


Assets bigger than liabilities, but color me skeptical that this has much staying power. Up over 106% today, and now down over 5% A/H I am looking to short into confirmed weakness cues or morning panic style dumps if they arise. It's possible more optimists could arrive tomorrow early, but although a long scalp on spiking up from or near the bell is tempting, I am flat on that. I will wait for the fade entry, possibly tomorrow.


New 52's. Short term, these yearly high stocks usually go higher. Down A/H about 1.5% Up over 23% since last Tuesday not including today. 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 and holds. 11 test or retest in the works. Possible is a try for that and a fail, or a dump out of the open, but I am flat on that.


Another fast feedback type of set up. Bullish Engulfing, but given the gap up in store with the A/H quote, it might fail its 7 test near or almost at there for an early session short. Or dump from/near the bell for a short scalp on heavy volume, which might be held longer if it continues to fade off. It's possible this takes and holds 7 and keeps going for longs, but I am flat on that or spiking up on the debut, it's quickly becoming overdone.


News over gold deposits rocketed this over 60.5% today. I am looking for early idiots to drive this up in a spike at or near the open to long scalp into. Possible longer hold if it keeps advancing, but not counting on anything else but an intraday play. I am flat on immediate dumping at or near the bell or weak price action. Something like this can have immediate term legs, which is what I am hoping for.

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sgsg said...

Hey BigT
What broker you use to short OTCBB ?

Big T said...

My main account (a PDT) is with Interactive Brokers...