RAM
Supernovae, still maturing. See my previous comments, mostly still in effect for entry/exit/trade management angles. Volume still considerable on the buy side, but lessening, so it might pop soon. Patiently stalk this.
MZEI
New Supernovae scan return. A 5 day move up which closed at the highs and above the open. Volume big most days, and usually 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 Wednesday and spike down for a short scalp. This might even be a gap and crap. A fade on confirmed weakness cues anytime 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.
DEJ
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 0.56) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume strong Tuesday, a poor sign for new buys. Needs to keep above the Tuesday close or at least over 0.50 on pull backs to remain viable as a long, aside from any early noise. Up almost 3.5% A/H. That might mean waiting for an attempt to gap fill before deciding on entries. Price correction return to a recent ceiling situation.
MGM
I like this long on continuation over 10.57 and holds. Up a tad A/H. 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. Medium volume on the rise Tuesday is a neutral sign for new buys. Ideally stays over 10 on pull backs to remain viable a long. 1/2 position possible over 10.50 2nd 1/2 above the trigger is an angle. Pull back entry needs to keep above 10.25 or so.
PRXI
Red floater scan return. Idea is to play for more, real down side on day 2. Ended up on Tuesday close to 3.5% via a gap up bearish hammer on the upswing. Stop just above 1.85 (or 1.90) 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. Medium sell volume on Tuesday which means it may have neutral chances for shorts. No A/H quote. Avoid all big gaps, especially large gap down ones.
EXEL
B/O scan. I like it long back over 5.12 and holds into the daily chart gaps. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Tuesday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Tuesday is borderline 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. Exit might be smart on a 5 fail after a trigger and entry has taken place.
PWER
Bullish Engulfing. I like this long over the high of Tuesday. Small 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. Stops just under the low last time or the initial 30 minute one on Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is almost too far away to use for risk management via stops. Ideally stays above 3.90 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote. Prudent might be exiting on a 4 fail if entering after a trigger.
Off table, keep watching INSP for over extension fading. It drops off the official list. Might still have a long overdue red session. See my previous comments on this for details.
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
Supernovae, still maturing. See my previous comments, mostly still in effect for entry/exit/trade management angles. Volume still considerable on the buy side, but lessening, so it might pop soon. Patiently stalk this.
MZEI
New Supernovae scan return. A 5 day move up which closed at the highs and above the open. Volume big most days, and usually 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 Wednesday and spike down for a short scalp. This might even be a gap and crap. A fade on confirmed weakness cues anytime 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.
DEJ
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 0.56) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume strong Tuesday, a poor sign for new buys. Needs to keep above the Tuesday close or at least over 0.50 on pull backs to remain viable as a long, aside from any early noise. Up almost 3.5% A/H. That might mean waiting for an attempt to gap fill before deciding on entries. Price correction return to a recent ceiling situation.
MGM
I like this long on continuation over 10.57 and holds. Up a tad A/H. 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. Medium volume on the rise Tuesday is a neutral sign for new buys. Ideally stays over 10 on pull backs to remain viable a long. 1/2 position possible over 10.50 2nd 1/2 above the trigger is an angle. Pull back entry needs to keep above 10.25 or so.
PRXI
Red floater scan return. Idea is to play for more, real down side on day 2. Ended up on Tuesday close to 3.5% via a gap up bearish hammer on the upswing. Stop just above 1.85 (or 1.90) 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. Medium sell volume on Tuesday which means it may have neutral chances for shorts. No A/H quote. Avoid all big gaps, especially large gap down ones.
EXEL
B/O scan. I like it long back over 5.12 and holds into the daily chart gaps. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Tuesday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Tuesday is borderline 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. Exit might be smart on a 5 fail after a trigger and entry has taken place.
PWER
Bullish Engulfing. I like this long over the high of Tuesday. Small 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. Stops just under the low last time or the initial 30 minute one on Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is almost too far away to use for risk management via stops. Ideally stays above 3.90 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote. Prudent might be exiting on a 4 fail if entering after a trigger.
Off table, keep watching INSP for over extension fading. It drops off the official list. Might still have a long overdue red session. See my previous comments on this for details.
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
No comments:
Post a Comment