AMR
First red day Supernovae. Finished down over 32% last time, so more down side might not be realistic. If it had fallen much less than 10% then more could be expected as plausible. Always watch day 2 of a busted one. The plan is to play for more reddening on day 2. Conditional entry. A flat, nominally green or red open that immediately sells off on heavy volume or sports traditional confirmed weakness cues is a fade entry. Keep flat on high volume greening or strength, especially early. This is likely given the big red result of Thursday. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action, like trading above the opening price level. Avoid spike up long scalps, too. Selling volume was fairly big, range more compact, mixed signals for new shorts. Up less than 1.5% A/H.
THQI
Now on my official list, the halted dumper is prime soon for a bounce session, but read my recap for today on it in the trade review, one has to time it accordingly. See also my comments on this from last night's list, mostly still applicable. You are looking for a spike up early to scalp long or consistent moves over the open after the noise candle to day trade long. Any big gap down with a wash out would be nice, too, if it bottoms/perks.
AMWI
Again see my previous comments. Still applicable. In play both ways. It could dive even more, despite its drop over 38% today. A morning panic dump at or near the gun could be scalp faded. Or if it consistently prints under the open after the noise candle, a day trade short. Better by now is a wash out long bounce entry, which should arrive soon, maybe Friday. A gap down and bottoming bounce would do, or just spiking up at or near the gun to scalp buy. Or on a short cover rally day trade with trading above the opening price level after the noise candle. One advantage of longs is not having to secure shares, so wash outs are welcome.
APRI
Red floater scan return. Idea is to play for more, better down side on day 2. Closed up on Thursday over 0.5% via a gap up but below the open. Stop just above the previous day session high (5.40) 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 strong buy volume on Thursday which means it may have decent chances for shorts. No A/H quote. Avoid all big gaps, especially large gap down ones.
DANG
B/O scan. I like it long back over 5.78 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 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. Up A/H a tad. Ideally holds 5.50 on any pull back to remain viable as a long. Maybe let it test/hold/perk/ off there to enter 1/2 position and the other 1/2 on the trigger. The aforementioned key level is just over the 50 day SMA.
XG
Bearish Engulfing. I like it short below the low of Thursday. Small volume on the drop, which is a good 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 Friday. More conservatively a stop placed above Thursday's close, too. The high on that day is borderline too far away to use for risk control via stops. Ideally keeps under 9.62ish on any pull ups to remain viable as a short. Avoid all big gaps/longs. Partial position on a fail under 9/holds and 2nd half at the trigger might be another strategy. Just fell back under the 200 day SMA.
AONE
Another one in play both ways, depending upon live price action. Bottoming hopeful support at 2ish with a test/hold/perk off is a long. As is at or near the gun spiking up for a buy scalp or consistent trading above the opening price level after the noise candle. Short on a fall fail back under 2 and holds, or on consistent trading under the open after 5 minutes or morning panic like dumps as a possible scalp. Up a bit less than 3% A/H so it might need to test the above price level (early if possible) before entering either way. Avoid all big gaps.
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First red day Supernovae. Finished down over 32% last time, so more down side might not be realistic. If it had fallen much less than 10% then more could be expected as plausible. Always watch day 2 of a busted one. The plan is to play for more reddening on day 2. Conditional entry. A flat, nominally green or red open that immediately sells off on heavy volume or sports traditional confirmed weakness cues is a fade entry. Keep flat on high volume greening or strength, especially early. This is likely given the big red result of Thursday. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action, like trading above the opening price level. Avoid spike up long scalps, too. Selling volume was fairly big, range more compact, mixed signals for new shorts. Up less than 1.5% A/H.
THQI
Now on my official list, the halted dumper is prime soon for a bounce session, but read my recap for today on it in the trade review, one has to time it accordingly. See also my comments on this from last night's list, mostly still applicable. You are looking for a spike up early to scalp long or consistent moves over the open after the noise candle to day trade long. Any big gap down with a wash out would be nice, too, if it bottoms/perks.
AMWI
Again see my previous comments. Still applicable. In play both ways. It could dive even more, despite its drop over 38% today. A morning panic dump at or near the gun could be scalp faded. Or if it consistently prints under the open after the noise candle, a day trade short. Better by now is a wash out long bounce entry, which should arrive soon, maybe Friday. A gap down and bottoming bounce would do, or just spiking up at or near the gun to scalp buy. Or on a short cover rally day trade with trading above the opening price level after the noise candle. One advantage of longs is not having to secure shares, so wash outs are welcome.
APRI
Red floater scan return. Idea is to play for more, better down side on day 2. Closed up on Thursday over 0.5% via a gap up but below the open. Stop just above the previous day session high (5.40) 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 strong buy volume on Thursday which means it may have decent chances for shorts. No A/H quote. Avoid all big gaps, especially large gap down ones.
DANG
B/O scan. I like it long back over 5.78 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 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. Up A/H a tad. Ideally holds 5.50 on any pull back to remain viable as a long. Maybe let it test/hold/perk/ off there to enter 1/2 position and the other 1/2 on the trigger. The aforementioned key level is just over the 50 day SMA.
XG
Bearish Engulfing. I like it short below the low of Thursday. Small volume on the drop, which is a good 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 Friday. More conservatively a stop placed above Thursday's close, too. The high on that day is borderline too far away to use for risk control via stops. Ideally keeps under 9.62ish on any pull ups to remain viable as a short. Avoid all big gaps/longs. Partial position on a fail under 9/holds and 2nd half at the trigger might be another strategy. Just fell back under the 200 day SMA.
AONE
Another one in play both ways, depending upon live price action. Bottoming hopeful support at 2ish with a test/hold/perk off is a long. As is at or near the gun spiking up for a buy scalp or consistent trading above the opening price level after the noise candle. Short on a fall fail back under 2 and holds, or on consistent trading under the open after 5 minutes or morning panic like dumps as a possible scalp. Up a bit less than 3% A/H so it might need to test the above price level (early if possible) before entering either way. Avoid all big gaps.
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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