MNI
New Supernovae scan return. A 3 day move up (with 1 red one) which closed at the highs. Volume variable most days, now revamping. Eventually this can be shorted since it is up so absurdly. I suspect like many such plays it can go further than anyone expects, though. Conditional entry. On a higher open, it might yield a rapid green to red on Monday and spike down for a short scalp. This might even be a gap and crap. 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 and drop to wait for the distribution print, if desired and avoid top fish timing fades. Keep flat on positive price action, avoid scalping long. No A/H quote.
FTWR
Another new Supernovae scan return, analysis is similar to that of above. See those comments for general pointers. Closed off of the highs, the 5 day gain was 100% on it if the hod is counted. This happened on day 2 as well. A break under 0.26 would be nice as confirmation, if it trades net negative after the noise candle.
CYAN
Over extension short play brewing here. In the past 13 consecutive sessions, this has closed up and positive 12 times if my count is accurate. The lone dissenter was a doji print, even. Granted, several of those days were modest gainers, but profits will have to be booked at some point. A fade on confirmed weakness cues or panic dumps at any time. Spike downs at or near the gun are possible scalp sells. No A/H quote. Avoid all big gaps and longs. The move began 11-22 and the stock has gone from 5.05 to 8.90 at the extremes.
GTHP
New 52's. Short term, these yearly high stocks usually go higher. OTC cheapie. A price correction return over many months. 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 (over 1.52) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume fairly large Friday, a tepid sign for new buys. Needs to keep above the Friday close or at least over 1.30 on pull backs to remain viable as a long, aside from any early noise.
CLLZF
Red floater scan return. Idea is to play for more, better down side on day 2. Closed up on Friday a tad via a gap up and below the open. Stop above the previous day session high (1.01) to cap losses on head fake fade entries. More conservatively, stop above the close on Friday 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. Medium sell volume on Friday which means it may have neutral prospects for shorts, at least in play if it weakens again. Pinkie stinkie, be careful. Avoid longs and big gaps.
SPWR
Bullish Engulfing. I like this long over the high of Friday. Medium volume on the rise, which is a neutral sign for new buyers. Keep flat on real weakness aside from a typical red to green move, etc. Stops just under the low last time or the initial 30 minute one on Monday. More conservatively a stop placed under Friday's close, too. The low on that day is not too far away to use for risk management via stops. Ideally stays above 6.43 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote. 6.60= the low on 10/4.
KSWS
B/O scan. I like it long back over 3.15 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Friday or the 1st 30 minute low of Monday. Avoid all shorts and all big gaps. The low on Friday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Low volume on the rise, a good sign for new buys. No A/H quote. 3 test is key. Letting it pull back and hold/perk off there first to enter might be advisable. Also possible but more aggressive is taking 1/2 a position on that test/hold and the other part over the trigger. Exit below 3 of course.
Off table, keep watching THQI for more bouncing up or scalp buy opportunities. It might be done, given the bounce Friday that ultimately closed up over 2% but under the open on decent volume, but maybe not.
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:
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The blog has a terms of service. Be sure to read it at:
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New Supernovae scan return. A 3 day move up (with 1 red one) which closed at the highs. Volume variable most days, now revamping. Eventually this can be shorted since it is up so absurdly. I suspect like many such plays it can go further than anyone expects, though. Conditional entry. On a higher open, it might yield a rapid green to red on Monday and spike down for a short scalp. This might even be a gap and crap. 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 and drop to wait for the distribution print, if desired and avoid top fish timing fades. Keep flat on positive price action, avoid scalping long. No A/H quote.
FTWR
Another new Supernovae scan return, analysis is similar to that of above. See those comments for general pointers. Closed off of the highs, the 5 day gain was 100% on it if the hod is counted. This happened on day 2 as well. A break under 0.26 would be nice as confirmation, if it trades net negative after the noise candle.
CYAN
Over extension short play brewing here. In the past 13 consecutive sessions, this has closed up and positive 12 times if my count is accurate. The lone dissenter was a doji print, even. Granted, several of those days were modest gainers, but profits will have to be booked at some point. A fade on confirmed weakness cues or panic dumps at any time. Spike downs at or near the gun are possible scalp sells. No A/H quote. Avoid all big gaps and longs. The move began 11-22 and the stock has gone from 5.05 to 8.90 at the extremes.
GTHP
New 52's. Short term, these yearly high stocks usually go higher. OTC cheapie. A price correction return over many months. 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 (over 1.52) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume fairly large Friday, a tepid sign for new buys. Needs to keep above the Friday close or at least over 1.30 on pull backs to remain viable as a long, aside from any early noise.
CLLZF
Red floater scan return. Idea is to play for more, better down side on day 2. Closed up on Friday a tad via a gap up and below the open. Stop above the previous day session high (1.01) to cap losses on head fake fade entries. More conservatively, stop above the close on Friday 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. Medium sell volume on Friday which means it may have neutral prospects for shorts, at least in play if it weakens again. Pinkie stinkie, be careful. Avoid longs and big gaps.
SPWR
Bullish Engulfing. I like this long over the high of Friday. Medium volume on the rise, which is a neutral sign for new buyers. Keep flat on real weakness aside from a typical red to green move, etc. Stops just under the low last time or the initial 30 minute one on Monday. More conservatively a stop placed under Friday's close, too. The low on that day is not too far away to use for risk management via stops. Ideally stays above 6.43 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote. 6.60= the low on 10/4.
KSWS
B/O scan. I like it long back over 3.15 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Friday or the 1st 30 minute low of Monday. Avoid all shorts and all big gaps. The low on Friday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Low volume on the rise, a good sign for new buys. No A/H quote. 3 test is key. Letting it pull back and hold/perk off there first to enter might be advisable. Also possible but more aggressive is taking 1/2 a position on that test/hold and the other part over the trigger. Exit below 3 of course.
Off table, keep watching THQI for more bouncing up or scalp buy opportunities. It might be done, given the bounce Friday that ultimately closed up over 2% but under the open on decent volume, but maybe not.
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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