MBI
Red floater scan return. Idea is to play for more, better down side on day 2. Closed up on Monday over 1.5 % via a gapper but below the open. Stop just above the previous day session high (11.19) to cap losses on head fake fade entries. More conservatively, stop above the close on Monday 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. Modest buy volume on Monday which means it may have reasonable chances for shorts. Down A/H close to 1% or so.
STAA
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 10.79) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume in accumulation medium on Monday, a neutral sign for new buys. Needs to keep above the Monday close or at least over 10.50 on pull backs to remain viable as a long, aside from any early noise.
HOV
I like this long above 1.55 and holds. Returning to recent resistance point for a potential B/O play. No shorts or big gaps. Keep flat on weak price action. Also long on spiking up at or near the gun as a scalp. Or on consistent trading above the open after the noise candle. Up A/H almost 2% so it might need to test the trigger on a pull back and hold before safe entry is possible.
HW
Similar analysis as for the above stock. Trigger is 2.88 with a buy above that and holds. Both of these plays have close feedback points which you should always seek when contemplating entries. Stops are easy and based on those nearby triggers that are also recent resistance or support points, which manages risk better.
PEIX
Bearish Engulfing. I like it short below the low of Monday. Medium volume on the drop, which is a neutral sign for new sellers. Keep flat on real strength aside from a typical green to red move, etc. Stops just above the high last time or the initial 30 minute one on Tuesday. More conservatively a stop placed above Monday's close, too. The high on that day is almost too far away to use for risk control via stops. Ideally keeps under 1.50 on any pull ups to remain viable as a short. Avoid all big gaps/longs. Down over 2% A/H so you may need to wait for a rebound bounce and subsequent fail before entering.
ATRN
Bullish Engulfing. I like this long over the high of Monday. 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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is too far away to use for risk management via stops. Ideally stays above 0.13 on pull backs to remain viable as a long. No big gaps or shorts. A cheap Pinkie stock so be wary.
ACFC
In play both ways. As a long on spiking up at or near the gun as scalp or on consistent trading above the open after the noise candle. If not scalping, wait for it to test/hold/perk off 1.50 first to enter. As a short, on a fall fail back under the same level and holds or on panic dumps at any time. The key is deciphering the trigger. Being a pessimist, I'm kinda hoping for the shorting scenarios back under the magic level described above.
Off record, begin eying ATHX for an eventual short. It might not be done yet, but it's a bit late for a long. Profit taking fades might be in the offing soon, though.
New users: Read my trading guide for my play set-ups!
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Red floater scan return. Idea is to play for more, better down side on day 2. Closed up on Monday over 1.5 % via a gapper but below the open. Stop just above the previous day session high (11.19) to cap losses on head fake fade entries. More conservatively, stop above the close on Monday 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. Modest buy volume on Monday which means it may have reasonable chances for shorts. Down A/H close to 1% or so.
STAA
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 10.79) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume in accumulation medium on Monday, a neutral sign for new buys. Needs to keep above the Monday close or at least over 10.50 on pull backs to remain viable as a long, aside from any early noise.
HOV
I like this long above 1.55 and holds. Returning to recent resistance point for a potential B/O play. No shorts or big gaps. Keep flat on weak price action. Also long on spiking up at or near the gun as a scalp. Or on consistent trading above the open after the noise candle. Up A/H almost 2% so it might need to test the trigger on a pull back and hold before safe entry is possible.
HW
Similar analysis as for the above stock. Trigger is 2.88 with a buy above that and holds. Both of these plays have close feedback points which you should always seek when contemplating entries. Stops are easy and based on those nearby triggers that are also recent resistance or support points, which manages risk better.
PEIX
Bearish Engulfing. I like it short below the low of Monday. Medium volume on the drop, which is a neutral sign for new sellers. Keep flat on real strength aside from a typical green to red move, etc. Stops just above the high last time or the initial 30 minute one on Tuesday. More conservatively a stop placed above Monday's close, too. The high on that day is almost too far away to use for risk control via stops. Ideally keeps under 1.50 on any pull ups to remain viable as a short. Avoid all big gaps/longs. Down over 2% A/H so you may need to wait for a rebound bounce and subsequent fail before entering.
ATRN
Bullish Engulfing. I like this long over the high of Monday. 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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is too far away to use for risk management via stops. Ideally stays above 0.13 on pull backs to remain viable as a long. No big gaps or shorts. A cheap Pinkie stock so be wary.
ACFC
In play both ways. As a long on spiking up at or near the gun as scalp or on consistent trading above the open after the noise candle. If not scalping, wait for it to test/hold/perk off 1.50 first to enter. As a short, on a fall fail back under the same level and holds or on panic dumps at any time. The key is deciphering the trigger. Being a pessimist, I'm kinda hoping for the shorting scenarios back under the magic level described above.
Off record, begin eying ATHX for an eventual short. It might not be done yet, but it's a bit late for a long. Profit taking fades might be in the offing soon, though.
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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