CTESY
New Supernovae scan return. A 4 day move up which closed below the highs and under the open. Volume modest most days, now declining. 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 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.
REE
Another new Supernovae, this one has been on my radar recently as a momentum long. It's over extending now, and analysis for an impending short is similar to the above play. See those comments for further general details. Advancing for 6 straight days, down a bit less than 0.5% A/H, this one is ripening. Bail over 7 natch.
BDSI
First red day Supernovae. Finished down less than 6% last time, so more down side might be in the cards. If it had fallen much more than 10% then less 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 modestly likely given the medium red result of Monday. 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 after the noise candle. Avoid spike up long scalps, too. Selling volume was small, range less so, mixed signals for new shorts.
BVSN
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 15) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume huge Monday, a poor sign for new buys. Needs to keep above the Monday close or at least over 14 on pull backs to remain viable as a long, aside from any early noise. No A/H quote. Nice chart on the daily.
TA
Red floater scan return. Idea is to play for more down side on day 2. Ended down a tad on Monday via a gap up that closed below the open. Stops just above 5.09 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. Modest sell volume on Monday which means it may have fair chances for shorts. Avoid all big gaps, especially large gap down ones. No A/H quote. 5 fail is key, helps for stops, too.
WAVX
Bearish Engulfing. I like it short below the low of Monday. Modest volume on the drop, which is a fair 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 not too far away to use for risk control via stops. Ideally keeps under 2.50ish on any pull ups to remain viable as a short. Avoid all big gaps/longs. No A/H quote.
GRPN
Bullish Engulfing. I like this long over the high (18.60) of Monday. 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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is not too far away to use for risk management via stops. Ideally stays above 18 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. Down close to 1.5% A/H.
Off record, watch LCAV which is in play both ways over/under 6, as a long or short respectively.
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
New Supernovae scan return. A 4 day move up which closed below the highs and under the open. Volume modest most days, now declining. 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 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.
REE
Another new Supernovae, this one has been on my radar recently as a momentum long. It's over extending now, and analysis for an impending short is similar to the above play. See those comments for further general details. Advancing for 6 straight days, down a bit less than 0.5% A/H, this one is ripening. Bail over 7 natch.
BDSI
First red day Supernovae. Finished down less than 6% last time, so more down side might be in the cards. If it had fallen much more than 10% then less 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 modestly likely given the medium red result of Monday. 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 after the noise candle. Avoid spike up long scalps, too. Selling volume was small, range less so, mixed signals for new shorts.
BVSN
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 15) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume huge Monday, a poor sign for new buys. Needs to keep above the Monday close or at least over 14 on pull backs to remain viable as a long, aside from any early noise. No A/H quote. Nice chart on the daily.
TA
Red floater scan return. Idea is to play for more down side on day 2. Ended down a tad on Monday via a gap up that closed below the open. Stops just above 5.09 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. Modest sell volume on Monday which means it may have fair chances for shorts. Avoid all big gaps, especially large gap down ones. No A/H quote. 5 fail is key, helps for stops, too.
WAVX
Bearish Engulfing. I like it short below the low of Monday. Modest volume on the drop, which is a fair 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 not too far away to use for risk control via stops. Ideally keeps under 2.50ish on any pull ups to remain viable as a short. Avoid all big gaps/longs. No A/H quote.
GRPN
Bullish Engulfing. I like this long over the high (18.60) of Monday. 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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is not too far away to use for risk management via stops. Ideally stays above 18 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. Down close to 1.5% A/H.
Off record, watch LCAV which is in play both ways over/under 6, as a long or short respectively.
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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