DOGO
See my previous comments in terms of entry/exit/play management tips, as they are mostly unchanged. Volume on the buy side fell even more, and this is still essentially like a 1st red day Supernovae. The danger is agonizing consolidation that just moves sideways for many days, which I hope does not happen. Patience!
SINO
Supernovae now maturing, with another big up day on even bigger volume. See my previous comments, as they mostly still apply in terms of entry/exit/play management tips. Getting closer to the distribution print.
JAMN
Bullish Engulfing. I like this long over the close of Thursday which was also the high. Low volume on the rise, which is a good sign for new buyers. Keep flat on real weakness aside from a typical red to green move, etc. No A/H quote change. Stops just under the low last time or the initial 30 minute one on Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is just too far away to use for risk management via stops. Must keep above 0.70 to remain viable as a long. No big gaps or shorts.
HEAT
B/O scan. I like it long on a continuation play over the close of today, or possibly the high. Needs to stay above 1.80 on pull backs to remain viable for longs. Stops just under the close today or the 1st 30 minute low of tomorrow. Avoid all shorts and all big gaps. The low of today is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Big buy volume today, not optimum for new longs. 2 test coming, which, if successful, means further gains or retreat on a fail there. No A/H quote move.
SEED
B/O scan. I like it long on a continuation play over the close of today, or possibly the high. Needs to stay above 4.75 on pull backs to remain viable for longs. Stops just under the close today or the 1st 30 minute low of tomorrow. Avoid all shorts and all big gaps. The low of today is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Big buy volume today, not optimum for new longs. 5 test coming, which, if successful, means further gains or retreat on a fail there. Up over 1% A/H.
ATX
New 52's. 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 (16.21) and holds. No A/H quote. Avoid shorts, keep flat on true weakness. Nice move to make a new annual top price on modest volume, a good sign for new buys. Needs to keep above the Thursday close or at minimum over 15.00 (hopefully 16) on pull backs to remain viable as a long, aside from any early noise.
SGAE
Quietly inching north, this may have a bit more left on a try for 2.50+ if it can keep sporting early strong price action or a quick red to green and holds if it's token reddening. Long over the close/high of Thursday. Keep flat on real weakness and avoid big gaps in any direction. No A/H quote, OTC stock so be careful. Such plays have a nasty tendency to inch for days, then crash in minutes, returning many gains in short order. If it falls under 2.25 or worse, 2, it's time to consider getting out. These plays require constant monitoring, too.
New users: Read my trading guide for my play set-ups!
Review my blog at Investimonials:
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Watch my instructional trading videos on YouTube:
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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
See my previous comments in terms of entry/exit/play management tips, as they are mostly unchanged. Volume on the buy side fell even more, and this is still essentially like a 1st red day Supernovae. The danger is agonizing consolidation that just moves sideways for many days, which I hope does not happen. Patience!
SINO
Supernovae now maturing, with another big up day on even bigger volume. See my previous comments, as they mostly still apply in terms of entry/exit/play management tips. Getting closer to the distribution print.
JAMN
Bullish Engulfing. I like this long over the close of Thursday which was also the high. Low volume on the rise, which is a good sign for new buyers. Keep flat on real weakness aside from a typical red to green move, etc. No A/H quote change. Stops just under the low last time or the initial 30 minute one on Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is just too far away to use for risk management via stops. Must keep above 0.70 to remain viable as a long. No big gaps or shorts.
HEAT
B/O scan. I like it long on a continuation play over the close of today, or possibly the high. Needs to stay above 1.80 on pull backs to remain viable for longs. Stops just under the close today or the 1st 30 minute low of tomorrow. Avoid all shorts and all big gaps. The low of today is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Big buy volume today, not optimum for new longs. 2 test coming, which, if successful, means further gains or retreat on a fail there. No A/H quote move.
SEED
B/O scan. I like it long on a continuation play over the close of today, or possibly the high. Needs to stay above 4.75 on pull backs to remain viable for longs. Stops just under the close today or the 1st 30 minute low of tomorrow. Avoid all shorts and all big gaps. The low of today is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Big buy volume today, not optimum for new longs. 5 test coming, which, if successful, means further gains or retreat on a fail there. Up over 1% A/H.
ATX
New 52's. 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 (16.21) and holds. No A/H quote. Avoid shorts, keep flat on true weakness. Nice move to make a new annual top price on modest volume, a good sign for new buys. Needs to keep above the Thursday close or at minimum over 15.00 (hopefully 16) on pull backs to remain viable as a long, aside from any early noise.
SGAE
Quietly inching north, this may have a bit more left on a try for 2.50+ if it can keep sporting early strong price action or a quick red to green and holds if it's token reddening. Long over the close/high of Thursday. Keep flat on real weakness and avoid big gaps in any direction. No A/H quote, OTC stock so be careful. Such plays have a nasty tendency to inch for days, then crash in minutes, returning many gains in short order. If it falls under 2.25 or worse, 2, it's time to consider getting out. These plays require constant monitoring, too.
New users: Read my trading guide for my play set-ups!
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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