CCIH
See my previous comments for this ongoing over extension play. It rose a bit over 1% today on lower volume off a gap down and fill. Low volume, but it might yield a fade soon. Stops a bit over the high of 7 once in.
BDSI
New Supernovae scan return. A 3 day move up which closed below the highs and above the open. Volume modest most days, now 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 Friday 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.
TAYD
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 9.97) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume huge Thursday, a poor sign for new buys. Needs to keep above the Thursday close or at least over 8.50 on pull backs to remain viable as a long, aside from any early noise. No A/H quote. Back over 9/holds will do. Promotion?
AONE
See my previous comments, still in play in terms of entry/exit/trade management aspects. Potential B/O over 2.45-2.50 keep flat on fails there. Daily chart is right up against resistance so this is still in play. No A/H quote change. A gap over must be tested and held 1st to enter.
SPWR
I like this long above 7.93 and 8 bucks. Continuation play approaching recent resistance. Also long on spiking up at or near the gun as a scalp. No shorts or big gaps. If it gaps over either trigger let it test/hold/perk 1st before entering. No A/H quote. Modest volume on the past few days, a good sign if we take out the triggers. Also long on consistent moves above the opening price level after the noise candle. Possible to take 1/2 the position over the 1st trigger the 2nd 1/2 over the next one.
JMBA
Red floater scan return. Idea is to play for more down side on day 2. Ended down over 0.5% on Thursday via a gap up that closed below the open. Stops just above 1.68 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 Thursday which means it may have decent chances for shorts. Avoid all big gaps downs. No A/H quote. No longs.
PACD
Bullish Engulfing. I like this long over the high (9.85) of Thursday. Modest volume on the rise, which is a fair 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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is not too far away to use for risk management via stops. Ideally stays above 9.50 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote.
Other bullish momentum stocks I will be watching off record Friday include: HSOL FBN PACB.
New users: Read my trading guide for my play set-ups!
Review my blog at Investimonials:
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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
See my previous comments for this ongoing over extension play. It rose a bit over 1% today on lower volume off a gap down and fill. Low volume, but it might yield a fade soon. Stops a bit over the high of 7 once in.
BDSI
New Supernovae scan return. A 3 day move up which closed below the highs and above the open. Volume modest most days, now 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 Friday 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.
TAYD
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 9.97) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume huge Thursday, a poor sign for new buys. Needs to keep above the Thursday close or at least over 8.50 on pull backs to remain viable as a long, aside from any early noise. No A/H quote. Back over 9/holds will do. Promotion?
AONE
See my previous comments, still in play in terms of entry/exit/trade management aspects. Potential B/O over 2.45-2.50 keep flat on fails there. Daily chart is right up against resistance so this is still in play. No A/H quote change. A gap over must be tested and held 1st to enter.
SPWR
I like this long above 7.93 and 8 bucks. Continuation play approaching recent resistance. Also long on spiking up at or near the gun as a scalp. No shorts or big gaps. If it gaps over either trigger let it test/hold/perk 1st before entering. No A/H quote. Modest volume on the past few days, a good sign if we take out the triggers. Also long on consistent moves above the opening price level after the noise candle. Possible to take 1/2 the position over the 1st trigger the 2nd 1/2 over the next one.
JMBA
Red floater scan return. Idea is to play for more down side on day 2. Ended down over 0.5% on Thursday via a gap up that closed below the open. Stops just above 1.68 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 Thursday which means it may have decent chances for shorts. Avoid all big gaps downs. No A/H quote. No longs.
PACD
Bullish Engulfing. I like this long over the high (9.85) of Thursday. Modest volume on the rise, which is a fair 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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is not too far away to use for risk management via stops. Ideally stays above 9.50 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote.
Other bullish momentum stocks I will be watching off record Friday include: HSOL FBN PACB.
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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