BDSI
New Supernovae scan return. A 1 day move up which closed below the highs and under 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 Monday 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. No A/H quote.
REE
In play both ways. As a long on spiking up at or near the gun as a scalp. Or on take/hold/perk off of 6. Or as a short on over extension on a fall fail near 6 or a gap over and move back under and holds. Or on spike downs at or near the gun as a scalp fade. I am hoping for the short as I see more routes to that. Psychological distribution area exists near the level given above, sells there are likely. No A/H quote. Avoid all big gaps.
HOGS
Also play both ways. As a long on spiking up at or near the gun as a scalp. 10 is the key level over/under. Early weakness or a nominal gap down with a red to green back over 10 and holds is a buy. It's a short on over extension on a fall fail back under 10 or a gap over and move back under and holds. Or on spike downs at or near the gun as a scalp fade. I am hoping for the short as I see more paths to that, especially with 5 up sessions running. A psychological distribution area exists near the level given above, sells there are likely. Of course, if it conquers it, a route to further gains is likely. No A/H quote. Avoid all big gaps.
ACHC
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 11.81) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume modest Friday, a fair sign for new buys. Needs to keep above the Friday close or at least over 11 on pull backs to remain viable as a long, aside from any early noise. No A/H quote. Possible news catalyst.
UNIS
Bearish Engulfing. I like it short below the low of Friday. Small volume on the drop, which is a good 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 Monday. More conservatively a stop placed above Friday's close, too. The high on that day is probably not too far away to use for risk control via stops. Ideally keeps under 3.76ish on any pull ups to remain viable as a short. Avoid all big gaps/longs. Basically, a 3.50 fail is the ticket.
ALTI
Bullish Engulfing. I like this long over the high (0.66) of Friday. 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is likely too far away to use for risk management via stops. Ideally stays above 0.60 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote. Letting it gap fill and go 1st might make sense too if it opens north unless it's being scalped long on spiking up.
CALX
B/O scan. I like it long back over 7.07 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Friday or the 1st 30 minute low of Monday. Avoid all shorts and all big gaps. The low on Friday may be a bit too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Modest volume on the rise, a fair sign for new buys. No A/H quote. Exiting below 7 on fails after trigger entering might be prudent. Possible to take 1/2 position on a test/hold/perk off the above key level and the 2nd 1/2 over the trigger.
Off table, watch PROT for over/under 1 and red to green moves long. Lots of momentum on this one, with clinical trial news that might have another day in it. A move over or gap over 1 and fall fail back under 1 or reaching for it and hitting a ceiling there is potential short, as is any panic dumps, early ones preferable.
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 1 day move up which closed below the highs and under 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 Monday 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. No A/H quote.
REE
In play both ways. As a long on spiking up at or near the gun as a scalp. Or on take/hold/perk off of 6. Or as a short on over extension on a fall fail near 6 or a gap over and move back under and holds. Or on spike downs at or near the gun as a scalp fade. I am hoping for the short as I see more routes to that. Psychological distribution area exists near the level given above, sells there are likely. No A/H quote. Avoid all big gaps.
HOGS
Also play both ways. As a long on spiking up at or near the gun as a scalp. 10 is the key level over/under. Early weakness or a nominal gap down with a red to green back over 10 and holds is a buy. It's a short on over extension on a fall fail back under 10 or a gap over and move back under and holds. Or on spike downs at or near the gun as a scalp fade. I am hoping for the short as I see more paths to that, especially with 5 up sessions running. A psychological distribution area exists near the level given above, sells there are likely. Of course, if it conquers it, a route to further gains is likely. No A/H quote. Avoid all big gaps.
ACHC
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 11.81) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume modest Friday, a fair sign for new buys. Needs to keep above the Friday close or at least over 11 on pull backs to remain viable as a long, aside from any early noise. No A/H quote. Possible news catalyst.
UNIS
Bearish Engulfing. I like it short below the low of Friday. Small volume on the drop, which is a good 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 Monday. More conservatively a stop placed above Friday's close, too. The high on that day is probably not too far away to use for risk control via stops. Ideally keeps under 3.76ish on any pull ups to remain viable as a short. Avoid all big gaps/longs. Basically, a 3.50 fail is the ticket.
ALTI
Bullish Engulfing. I like this long over the high (0.66) of Friday. 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is likely too far away to use for risk management via stops. Ideally stays above 0.60 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote. Letting it gap fill and go 1st might make sense too if it opens north unless it's being scalped long on spiking up.
CALX
B/O scan. I like it long back over 7.07 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Friday or the 1st 30 minute low of Monday. Avoid all shorts and all big gaps. The low on Friday may be a bit too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Modest volume on the rise, a fair sign for new buys. No A/H quote. Exiting below 7 on fails after trigger entering might be prudent. Possible to take 1/2 position on a test/hold/perk off the above key level and the 2nd 1/2 over the trigger.
Off table, watch PROT for over/under 1 and red to green moves long. Lots of momentum on this one, with clinical trial news that might have another day in it. A move over or gap over 1 and fall fail back under 1 or reaching for it and hitting a ceiling there is potential short, as is any panic dumps, early ones preferable.
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
No comments:
Post a Comment