AMEL
Again, see my previous comments, mostly still in effect. Volume the strongest yet, but this is really over extending now and is due for some correction soon. Do not top fish unless it gaps and craps.
SRCI
First red day Supernovae. Finished down over 28% last time, so more down side might not be in the cards. 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 pretty likely given the big 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 tiny, range less so, mixed signals for new shorts. OTC cheapie, BTW.
RAM
Supernovae, 1st red day. See the above comments on the other Supernovae, which this play roughly resembles. A big difference here is it fell just a bit over 1.5% so more down side is a lot more realistically possible. Medium volume on the selling, a neutral sign for new shorts. Exit above the high of today at worst. A 3 crack and holds would be ideal confirmation.
PRXI
Again, see my previous comments, mostly identical. It finished essentially unchanged, after a gap down filled to the flat line area and stalled twice. I still like it as a potential short on over extension. Modest sell volume, a fair sign going forward on new fades if it sets up.
MOTR
B/O scan. I like it long back over 1.13 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 arguably 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. No A/H quote. Exit below 1.00 on fails after entering might be a middle ground course option. Another possible route is a pull back entry on a buck test and hold/perk off there, which may or may not arise for longs to exploit.
MBI
Big surge into the close on news. It's up A/H over 1.5% but I do not want to chase unless it's scalped long at or near the gun on a spike up. Better would be a gap fill and nominally reddening and an early red to green move to buy into. Another 13 test should be in the cards. Medium volume overall aside from the finish, BTW.
AONE
Parabolic Sar scan return. I like it long above 2.10 and holds. Another close feedback setup, which is always preferable. Since 2 is close resistance, stops can be set accordingly for a trader, whether long or short, just above or below a nearby key level such as the above price. I am flat on fall fails back under 2 here, though. A gap over and a test/hold of our key level can be bought. Or spiking up at or near the gun or consistent prices above the open after the noise candle. Modest volume on the rise, a fair sign for new buys. Avoid all big gaps. Up A/H over 4.5% over 2. Swing trade possible if it gets going over our key level. Exit under it. As I intimated above, letting it test and hold/perk off 2 given the gap up might be sensible. Another possibility is buying 1/2 of the shares on that test/hold and the other over the trigger. The low today is not a good stop.
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:
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Again, see my previous comments, mostly still in effect. Volume the strongest yet, but this is really over extending now and is due for some correction soon. Do not top fish unless it gaps and craps.
SRCI
First red day Supernovae. Finished down over 28% last time, so more down side might not be in the cards. 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 pretty likely given the big 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 tiny, range less so, mixed signals for new shorts. OTC cheapie, BTW.
RAM
Supernovae, 1st red day. See the above comments on the other Supernovae, which this play roughly resembles. A big difference here is it fell just a bit over 1.5% so more down side is a lot more realistically possible. Medium volume on the selling, a neutral sign for new shorts. Exit above the high of today at worst. A 3 crack and holds would be ideal confirmation.
PRXI
Again, see my previous comments, mostly identical. It finished essentially unchanged, after a gap down filled to the flat line area and stalled twice. I still like it as a potential short on over extension. Modest sell volume, a fair sign going forward on new fades if it sets up.
MOTR
B/O scan. I like it long back over 1.13 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 arguably 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. No A/H quote. Exit below 1.00 on fails after entering might be a middle ground course option. Another possible route is a pull back entry on a buck test and hold/perk off there, which may or may not arise for longs to exploit.
MBI
Big surge into the close on news. It's up A/H over 1.5% but I do not want to chase unless it's scalped long at or near the gun on a spike up. Better would be a gap fill and nominally reddening and an early red to green move to buy into. Another 13 test should be in the cards. Medium volume overall aside from the finish, BTW.
AONE
Parabolic Sar scan return. I like it long above 2.10 and holds. Another close feedback setup, which is always preferable. Since 2 is close resistance, stops can be set accordingly for a trader, whether long or short, just above or below a nearby key level such as the above price. I am flat on fall fails back under 2 here, though. A gap over and a test/hold of our key level can be bought. Or spiking up at or near the gun or consistent prices above the open after the noise candle. Modest volume on the rise, a fair sign for new buys. Avoid all big gaps. Up A/H over 4.5% over 2. Swing trade possible if it gets going over our key level. Exit under it. As I intimated above, letting it test and hold/perk off 2 given the gap up might be sensible. Another possibility is buying 1/2 of the shares on that test/hold and the other over the trigger. The low today is not a good 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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