DEXO
New Supernovae scan return. A 5 day move up (with 1 big red day) which closed under the highs and above the open. Volume increasing most days, now lessening. 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 Friday 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 change.
MOV
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 (over 18.50) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume big Thursday, a poor sign for new buys. Needs to keep above the Wednesday close or at least over 17.50 on pull backs to remain viable as a long, aside from any early noise.
PCYC
Red floater scan return. Idea is to play for more, better down side on day 2. Closed down on Thursday over 2% via a gap down and below the open. Stop above the previous day session high (15.18) to cap losses on head fake fade entries. More conservatively, stop above the close on Thursday 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 Thursday which means it may have good prospects for shorts, at least if it weakens again. No A/H quote. Avoid longs and big gaps.
STON
The latest dead cat bounce candidate for a potential long, the sell volume is still huge so it might not be done tanking yet. Be careful trying to catch falling knives. Buy on spiking up at or near the bell as a scalp, or on consistent moves above the opening price level after the noise candle. No shorts and avoid big gaps up, down not so bad. This is similar in particulars to the GRPN play, see those comments also. Patiently monitor this.
BIOF
Bullish Engulfing. I like this long over the high of Thursday. Modest volume on the rise, which is a fair 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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is too far away to use for risk management via stops. Ideally stays above 0.60 on pull backs to remain viable as a long. Avoid big gaps or shorts. Up over 3% A/H.
CECO
B/O scan. I like it long back over 7.40 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Thursday or the 1st 30 minute low of Friday. Avoid all shorts and all big gaps. The low on Thursday is not too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Modest volume on the rise, a fair sign for new buys. No A/H quote.
CAGC
Suspicious cheap Pinkie up over 161% today. I suspect shorts will get a shot soon, but that may not happen immediately. A fade though on confirmed weakness cues or morning panic like dumps at any time, the latter a possible scalp. Avoid all big gaps and longs. Plays like this tend to end up long term down quite a bit. Sucking Alpha article up decrying the POS: http://seekingalpha.com/article/309174-legend-oil-management-s-shady-past-suggests-trouble-ahead-part-1
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New Supernovae scan return. A 5 day move up (with 1 big red day) which closed under the highs and above the open. Volume increasing most days, now lessening. 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 Friday 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 change.
MOV
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 (over 18.50) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume big Thursday, a poor sign for new buys. Needs to keep above the Wednesday close or at least over 17.50 on pull backs to remain viable as a long, aside from any early noise.
PCYC
Red floater scan return. Idea is to play for more, better down side on day 2. Closed down on Thursday over 2% via a gap down and below the open. Stop above the previous day session high (15.18) to cap losses on head fake fade entries. More conservatively, stop above the close on Thursday 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 Thursday which means it may have good prospects for shorts, at least if it weakens again. No A/H quote. Avoid longs and big gaps.
STON
The latest dead cat bounce candidate for a potential long, the sell volume is still huge so it might not be done tanking yet. Be careful trying to catch falling knives. Buy on spiking up at or near the bell as a scalp, or on consistent moves above the opening price level after the noise candle. No shorts and avoid big gaps up, down not so bad. This is similar in particulars to the GRPN play, see those comments also. Patiently monitor this.
BIOF
Bullish Engulfing. I like this long over the high of Thursday. Modest volume on the rise, which is a fair 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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is too far away to use for risk management via stops. Ideally stays above 0.60 on pull backs to remain viable as a long. Avoid big gaps or shorts. Up over 3% A/H.
CECO
B/O scan. I like it long back over 7.40 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Thursday or the 1st 30 minute low of Friday. Avoid all shorts and all big gaps. The low on Thursday is not too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Modest volume on the rise, a fair sign for new buys. No A/H quote.
CAGC
Suspicious cheap Pinkie up over 161% today. I suspect shorts will get a shot soon, but that may not happen immediately. A fade though on confirmed weakness cues or morning panic like dumps at any time, the latter a possible scalp. Avoid all big gaps and longs. Plays like this tend to end up long term down quite a bit. Sucking Alpha article up decrying the POS: http://seekingalpha.com/article/309174-legend-oil-management-s-shady-past-suggests-trouble-ahead-part-1
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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