AMR
New Supernovae scan return. A 2 day move up which closed under the highs and above the open. Volume decreasing 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 Wednesday 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. Up nearly 3% A/H.
CAMP
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 4.73) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume fairly large Tuesday, a tepid sign for new buys. Needs to keep above the Tuesday close or at least over 4.50 on pull backs to remain viable as a long, aside from any early noise.
ARNA
Red floater scan return. Idea is to play for more, better down side on day 2. Closed down on Tuesday over 1.5% via a gap down and below the open. Stop above the previous day session high (1.98) to cap losses on head fake fade entries. More conservatively, stop above the close on Tuesday 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 Tuesday which means it may have neutral prospects for shorts, at least in play if it weakens again. No A/H quote. Avoid longs and big gaps.
DHT
B/O scan. I like it long back over 1.05 and holds. 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 too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Huge volume on the rise, a poor sign for new buys. Up A/H a little under 1% or so. 1 test is key. Letting it pull back and hold/perk off there first to enter might be advisable.
PCS
I like this long above 9.05 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. Down a tad A/H. May need to test the trigger after a pull back and hold/perk off 9 first before safe entry is possible.
BRLI
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 not too far away to use for risk management via stops. Ideally stays above 12.50 on pull backs to remain viable as a long if it triggers. 1/2 position possible on a perk off a test of the area just mentioned if it holds, with the 2nd half over the trigger. No big gaps or shorts. No A/H quote.
MBI
Still in play from last time, see my previous comments, mostly still applicable for entry/exit/play management angles. Volume drying up even more on the buy side, a positive development. Stops just above today's high.
New users: Read my trading guide for my play set-ups!
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New Supernovae scan return. A 2 day move up which closed under the highs and above the open. Volume decreasing 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 Wednesday 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. Up nearly 3% A/H.
CAMP
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 4.73) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume fairly large Tuesday, a tepid sign for new buys. Needs to keep above the Tuesday close or at least over 4.50 on pull backs to remain viable as a long, aside from any early noise.
ARNA
Red floater scan return. Idea is to play for more, better down side on day 2. Closed down on Tuesday over 1.5% via a gap down and below the open. Stop above the previous day session high (1.98) to cap losses on head fake fade entries. More conservatively, stop above the close on Tuesday 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 Tuesday which means it may have neutral prospects for shorts, at least in play if it weakens again. No A/H quote. Avoid longs and big gaps.
DHT
B/O scan. I like it long back over 1.05 and holds. 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 too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Huge volume on the rise, a poor sign for new buys. Up A/H a little under 1% or so. 1 test is key. Letting it pull back and hold/perk off there first to enter might be advisable.
PCS
I like this long above 9.05 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. Down a tad A/H. May need to test the trigger after a pull back and hold/perk off 9 first before safe entry is possible.
BRLI
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 not too far away to use for risk management via stops. Ideally stays above 12.50 on pull backs to remain viable as a long if it triggers. 1/2 position possible on a perk off a test of the area just mentioned if it holds, with the 2nd half over the trigger. No big gaps or shorts. No A/H quote.
MBI
Still in play from last time, see my previous comments, mostly still applicable for entry/exit/play management angles. Volume drying up even more on the buy side, a positive development. Stops just above today's high.
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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