Wednesday, September 21, 2011

Watchers for the 9-22-11 trading session

TSPT

This is a stubborn Supernovae that has been squeezing early shorts. I like it on confirmed weakness cues or morning panic like dumps, but really on a 7 fail and holds. It looks like like its momentum is waning, and it's down A/H a bit. No longs, keep flat on upside, or big gaps. Ideal is if this open flat on nominally up/down and falls below 7. It might keep trying to fill the chart gap to 8, though, where some resistance should be found.


LINTA

Bullish Engulfing. I like this long over the close or high of Wednesday. Big volume on the rise, which is a weak sign for new buyers. Keep flat on real weakness aside from a typical red to green move, etc. No A/H quote. Stops just under the low last time or the initial 30 minute one on Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is possibly too far away to use for risk control via stops. Must keep above 16.50 on any pull back to remain viable as a long. Avoid all big gaps or shorts.


AAGC

Bearish Engulfing. I like this short under close or low of Wednesday. Big volume on the rise, which is a weak sign for new sellers. Keep flat on real strength aside from a typical green to red move, etc. Up over 7% A/H but it's an OTC so that may not matter. Stops just above the high last time or the initial 30 minute on on Thursday. More conservatively a stop placed above Wednesday's close, too. The high on that day is possibly too far away to use for risk control via stops. Must keep under 0.73 on any pull ups to remain viable as a short. Avoid all big gaps or longs.


KONA

Red floater scan return. Idea is to play for more, better down side on day 2. Closed below the open but up almost 2% on Wednesday. 5 previous days of up closes. Stop above Wednesday's session high (6.76) to cap losses on head fake fade entries. More conservatively, stop above the Thursday high if it starts off net negative. I'm only into the shorting possibility if it surfaces, keeping flat on strength. Also a short on heavy volume dumps/confirmed weakness cues. Low sell volume Wednesday which is fair for fades. Obey stops.


AFFY

B/O scan. I like it long on a continuation play above the close or high (4.75) of Wednesday. Needs to stay above 4.50 on pull backs to remain viable for longs. Stops also possible just under the close on Wednesday or the 1st 30 minute low of Thursday. Avoid all shorts and all big gaps. The low on Wednesday is likely too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Small volume on the rise, a fair sign for new buys. No A/H quote.


HLLXF

Very strong today, a call I nailed. It might have a bit more upside if new yearly highs are made at 1.68 or more. At that point, it's treatable as any new 52's like REXX for yesterday. See those comments for tips if it trips. It needs to hold 1.50 on any pull backs as rock bottom support to remain in the play if previously long.


HGSI

This could work as an early red to green long if it distributes out of the box. Ideally we can retest 15 and hold. No shorts, keep flat on true weak price action and avoid any big gaps. Also long as a scalp on spiking up at or near the bell. A nominally up/down/flat debut that slowly progresses up would work in some cases, too.


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