ENER
Supernovae, still maturing. See my previous comments for tips on entry/exit/trade management ideas as they are still mostly applicable. Buy volume still big, but lessening a bit. This could run to 1.50 even 2 before it dumps, so be willing to get out if it suddenly reverses on you and honor stops. Up over 3.5% A/H.
IDIX
First red day Supernovae. Finished down less than 5.5% 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 average red result of Tuesday. 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 medium, range too, neutral signals for new shorts. Honor stops.
KUTV
New Supernovae scan return. A 1 day move up which closed below the highs and above the open. Volume small most days, now huge. 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 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. A/H: +2%
FTWR
Another new Supernovae scan, analysis is similar as for the above stock. See those comments for general approaches. This one has moved up 2 days though in smaller degrees. Buy volume strong on both days, but currently declining a bit. 0.50 test will be key, if it takes/holds more upside may be coming before reversal.
RAM
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 3.80) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume modest Tuesday, a fair sign for new buys. Needs to keep above the Tuesday close or at least over 3.50 on pull backs to remain viable as a long, aside from any early noise. No A/H quote. Hot stock, nice ascending triangle consolidation.
ASIA
B/O scan. I like it long back over 8.99 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. Medium volume on the rise, a neutral sign for new buys. No A/H quote. Exiting below 9 on fails after trigger entering might be prudent. Possible to take 1/2 of the position over the trigger and the 2nd 1/2 over today's close and holds after a test/perk. Resistance at 9 will be key hurdle.
SNTS
Red floater scan return. Idea is to play for more down side on day 2. Ended up less than 0.5% on Tuesday via a gap down that closed above the open. Stops just above 4.74 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 buy volume on Tuesday which means it may have neutral chances for shorts. Avoid all big gaps, especially large gap down ones. No A/H quote. No longs. 8 up sessions now.
Off table, I'm watching CBRX for a wash out bounce buy, but it's up A/H a lot so it may not work out. If it trades pre it might provide a lift after some correction first, not sure. AMBT might sport early weakness and a r/g move to buy into on a 6 magnet test/hold. AMOK KGJI STEV are all over extensions worthy of the main list, which might provide a parabolic move to short into, or weaken outright/panic dump, etc. NR and VVC are 50 day simple moving average uptrenders that might be bounce buy swings if they perk off it.
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:
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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
Supernovae, still maturing. See my previous comments for tips on entry/exit/trade management ideas as they are still mostly applicable. Buy volume still big, but lessening a bit. This could run to 1.50 even 2 before it dumps, so be willing to get out if it suddenly reverses on you and honor stops. Up over 3.5% A/H.
IDIX
First red day Supernovae. Finished down less than 5.5% 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 average red result of Tuesday. 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 medium, range too, neutral signals for new shorts. Honor stops.
KUTV
New Supernovae scan return. A 1 day move up which closed below the highs and above the open. Volume small most days, now huge. 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 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. A/H: +2%
FTWR
Another new Supernovae scan, analysis is similar as for the above stock. See those comments for general approaches. This one has moved up 2 days though in smaller degrees. Buy volume strong on both days, but currently declining a bit. 0.50 test will be key, if it takes/holds more upside may be coming before reversal.
RAM
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 3.80) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume modest Tuesday, a fair sign for new buys. Needs to keep above the Tuesday close or at least over 3.50 on pull backs to remain viable as a long, aside from any early noise. No A/H quote. Hot stock, nice ascending triangle consolidation.
ASIA
B/O scan. I like it long back over 8.99 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. Medium volume on the rise, a neutral sign for new buys. No A/H quote. Exiting below 9 on fails after trigger entering might be prudent. Possible to take 1/2 of the position over the trigger and the 2nd 1/2 over today's close and holds after a test/perk. Resistance at 9 will be key hurdle.
SNTS
Red floater scan return. Idea is to play for more down side on day 2. Ended up less than 0.5% on Tuesday via a gap down that closed above the open. Stops just above 4.74 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 buy volume on Tuesday which means it may have neutral chances for shorts. Avoid all big gaps, especially large gap down ones. No A/H quote. No longs. 8 up sessions now.
Off table, I'm watching CBRX for a wash out bounce buy, but it's up A/H a lot so it may not work out. If it trades pre it might provide a lift after some correction first, not sure. AMBT might sport early weakness and a r/g move to buy into on a 6 magnet test/hold. AMOK KGJI STEV are all over extensions worthy of the main list, which might provide a parabolic move to short into, or weaken outright/panic dump, etc. NR and VVC are 50 day simple moving average uptrenders that might be bounce buy swings if they perk off it.
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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