INSP
Again, see my previous comments which are mostly still applicable in terms on entry/exit/trade management angles. Only a fake out prevented a win for shorts here, but hopefully since the red print was so marginal and the volume on the exit was likewise, it might have another day Tuesday or soon that will be more clearly red.
RAM
New Supernovae scan return. A 2 day move up which closed below the highs and above the open. Volume big most days, and increasing. 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 Tuesday 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.
CIE
Red floater scan return. Idea is to play for more, better down side on day 2. Ended down on Friday close to 1% via a gap up but below the open. Stop just above the previous day session high (16.24) to cap losses on head fake fade entries. I'm only into the shorting possibility if it surfaces, keeping flat on strength. Also a short on heavy volume dumps/confirmed weakness cues. Small sell volume on Friday which means it may have good chances for shorts. No A/H quote. Avoid all big gaps, especially large gap down ones.
MOTR
Bullish Engulfing. I like this long over the high of Friday. Big volume on the rise, which is a poor 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 Tuesday. More conservatively a stop placed under Friday's close, too. The low on that day is too far away to use for risk management via stops. Ideally stays above 1.00 on pull backs (this is another entry try) to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote.
URZ
B/O scan. I like it long back over 1.97 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 Tuesday. Avoid all shorts and all big gaps. The low on Friday is arguably too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Large volume on the rise, a poor sign for new buys. No A/H quote. Possible to take 1/2 position on a take and hold of 2.00 and the 1st part over the trigger. Exit below 1.90 on fails after entering might be a middle ground course option.
CHS
I like this long on continuation over 11.25 and holds. Currently sitting exactly at a gap fill on the daily chart from 11/21/11. No A/H quote. No shorts. Avoid big gaps. Also long on spiking up at or near the gun as a scalp or trading over the opening price level after 5 minutes in, preferably over the trigger, etc. Modest volume on the rise Friday is a fair sign for new buys. Ideally stays over 11 on pull backs to remain viable a long. This is another entry strategy on test/hold/perks off there. Let's hope the gap fill stays that way for longs.
NOA
Another stock with some momentum, I like this on an early red to green move and holds after initial weakness. Avoid all big gaps and shorts. Also long on spiking up at or near the gun as a scalp. No A/H quote. 7 is an area of psychological resistance just ahead, long on that, too. Possible to take 1/2 position on the flat line cross and the 2nd 1/2 over 7 and holds. Fairly strong volume on the rise, not the best sign to buy.
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Again, see my previous comments which are mostly still applicable in terms on entry/exit/trade management angles. Only a fake out prevented a win for shorts here, but hopefully since the red print was so marginal and the volume on the exit was likewise, it might have another day Tuesday or soon that will be more clearly red.
RAM
New Supernovae scan return. A 2 day move up which closed below the highs and above the open. Volume big most days, and increasing. 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 Tuesday 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.
CIE
Red floater scan return. Idea is to play for more, better down side on day 2. Ended down on Friday close to 1% via a gap up but below the open. Stop just above the previous day session high (16.24) to cap losses on head fake fade entries. I'm only into the shorting possibility if it surfaces, keeping flat on strength. Also a short on heavy volume dumps/confirmed weakness cues. Small sell volume on Friday which means it may have good chances for shorts. No A/H quote. Avoid all big gaps, especially large gap down ones.
MOTR
Bullish Engulfing. I like this long over the high of Friday. Big volume on the rise, which is a poor 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 Tuesday. More conservatively a stop placed under Friday's close, too. The low on that day is too far away to use for risk management via stops. Ideally stays above 1.00 on pull backs (this is another entry try) to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote.
URZ
B/O scan. I like it long back over 1.97 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 Tuesday. Avoid all shorts and all big gaps. The low on Friday is arguably too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Large volume on the rise, a poor sign for new buys. No A/H quote. Possible to take 1/2 position on a take and hold of 2.00 and the 1st part over the trigger. Exit below 1.90 on fails after entering might be a middle ground course option.
CHS
I like this long on continuation over 11.25 and holds. Currently sitting exactly at a gap fill on the daily chart from 11/21/11. No A/H quote. No shorts. Avoid big gaps. Also long on spiking up at or near the gun as a scalp or trading over the opening price level after 5 minutes in, preferably over the trigger, etc. Modest volume on the rise Friday is a fair sign for new buys. Ideally stays over 11 on pull backs to remain viable a long. This is another entry strategy on test/hold/perks off there. Let's hope the gap fill stays that way for longs.
NOA
Another stock with some momentum, I like this on an early red to green move and holds after initial weakness. Avoid all big gaps and shorts. Also long on spiking up at or near the gun as a scalp. No A/H quote. 7 is an area of psychological resistance just ahead, long on that, too. Possible to take 1/2 position on the flat line cross and the 2nd 1/2 over 7 and holds. Fairly strong volume on the rise, not the best sign to buy.
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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