TRIT
For details, see my previous comments, little has changed. The buy volume keeps shrinking, a distribution day still awaits. Be aware of its low float, however, such can lead to short squeezes. Fade on weakening only or gap up and crap/parabolic type moves. If it reverses on you clearly, get out, using today's high as a stop.
SRCH
Also refer to my comments from last time on the above stock. Another over extension short biased play that closed up over 1.5% today due to a gap up, since it closed below the open. Tweezer top print, stops can be applied just over that. An OTC stock, so be careful. This one almost made the list with the 1st on last time.
PROT
New Supernovae scan return. A 3 day move up which closed at the highs and above the open. Volume increasing most days, now large. 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. OTC, caution.
JSDA
Bullish Engulfing. I like this long over the high (0.68) 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 0.63 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote. Rebound?
VMO
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 15.20) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume big Monday, a poor sign for new buys. Needs to keep above the Monday close or at least over 14.75 on pull backs to remain viable as a long, aside from any early noise. No A/H quote. Nice chart break out/holds over 14.75 move.
INO
B/O scan. I like it long back over 0.52 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Big volume on the rise, a poor sign for new buys. No A/H quote. Exiting below 0.50 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. Early r/g possible to buy. Eye 0.50+.
JRCC
I like this long above 7. Continuation play. 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. Down over 0.5% A/H. As such, an early red to green long is possible. Modest buy volume today, a good sign. Also long on consistent moves above the opening price level after the noise candle. Stops under 6.75 might do the trick.
Off record, keep watching XIN for a fall day, it could still happen with it up only a % or so today. It may consolidate near the highs, though, which could not be so ideal. DIMEQ may have another upside day on bullish price action for longs, but set a tight stop.
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
For details, see my previous comments, little has changed. The buy volume keeps shrinking, a distribution day still awaits. Be aware of its low float, however, such can lead to short squeezes. Fade on weakening only or gap up and crap/parabolic type moves. If it reverses on you clearly, get out, using today's high as a stop.
SRCH
Also refer to my comments from last time on the above stock. Another over extension short biased play that closed up over 1.5% today due to a gap up, since it closed below the open. Tweezer top print, stops can be applied just over that. An OTC stock, so be careful. This one almost made the list with the 1st on last time.
PROT
New Supernovae scan return. A 3 day move up which closed at the highs and above the open. Volume increasing most days, now large. 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. OTC, caution.
JSDA
Bullish Engulfing. I like this long over the high (0.68) 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 0.63 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote. Rebound?
VMO
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 15.20) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume big Monday, a poor sign for new buys. Needs to keep above the Monday close or at least over 14.75 on pull backs to remain viable as a long, aside from any early noise. No A/H quote. Nice chart break out/holds over 14.75 move.
INO
B/O scan. I like it long back over 0.52 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Big volume on the rise, a poor sign for new buys. No A/H quote. Exiting below 0.50 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. Early r/g possible to buy. Eye 0.50+.
JRCC
I like this long above 7. Continuation play. 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. Down over 0.5% A/H. As such, an early red to green long is possible. Modest buy volume today, a good sign. Also long on consistent moves above the opening price level after the noise candle. Stops under 6.75 might do the trick.
Off record, keep watching XIN for a fall day, it could still happen with it up only a % or so today. It may consolidate near the highs, though, which could not be so ideal. DIMEQ may have another upside day on bullish price action for longs, but set a tight stop.
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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