THLD
New Supernovae scan return. A 5 day move up with a few days that closed under the highs and the open. Big buy volume Tuesday, now declining. 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 Thursday 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 6 fail of some kind may prove pivotal, unless it dies out at 6.14ish on a retest. Stops just above there.
BAA
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 5.56) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume decent Wednesday, a tepid sign for new buys. Needs to keep above the Wednesday close or at least over 5.25 on pull backs to remain viable as a long, aside from any early noise. 1/2 position possible over 5.50 holds, then over the 52's.
BORN
Bullish Engulfing. I like this long over the high (3.65) of Wednesday. Medium volume on the rise, which is a neutral 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 Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is arguably too far away to use for risk management via stops. Ideally stays above 3.50 on pull backs to remain viable as a long if it triggers. No big gaps/shorts/ AH quote.
ZN
Red floater scan return. Idea is to play for more down side on day 2. Ended down a bit over 1% on Wednesday via a gap up that closed below the open after a few up days. Stops just above 2.86 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. Big sell volume on Wednesday which means it may have mediocre chances for shorts. Avoid all big gaps, especially large gap downs. No longs. Exit over 3.
LOGL
B/O scan. I like it long back over 1.05 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Wednesday or the 1st 30 minute low of Thursday. Avoid all shorts and all big gaps. The low on Wednesday 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. Exiting below 1 on fails after trigger entering might be prudent. Early r/g?
KONG
A former runner with real chances of squeezing early, eager shorts. A modest float helps that. A possible early r/g long entry. A pullback holding 5 and perking off there might be longed, too. As is a break over 5.40 holds. No shorts yet, keep flat on real weak price action. Also long on spiking up at or near the bell as a scalp. This is a live price action call, with the above entry parameters. If this reverses on you, get out at once.
FORD
Like the above but an even lower float, so take that into account. See the above comments for general cues. Long over 3/holds, clearly. Or on a test/hold of that via pull back, etc. No shorts/big gaps. No A/H quote.
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New Supernovae scan return. A 5 day move up with a few days that closed under the highs and the open. Big buy volume Tuesday, now declining. 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 Thursday 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 6 fail of some kind may prove pivotal, unless it dies out at 6.14ish on a retest. Stops just above there.
BAA
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 5.56) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume decent Wednesday, a tepid sign for new buys. Needs to keep above the Wednesday close or at least over 5.25 on pull backs to remain viable as a long, aside from any early noise. 1/2 position possible over 5.50 holds, then over the 52's.
BORN
Bullish Engulfing. I like this long over the high (3.65) of Wednesday. Medium volume on the rise, which is a neutral 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 Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is arguably too far away to use for risk management via stops. Ideally stays above 3.50 on pull backs to remain viable as a long if it triggers. No big gaps/shorts/ AH quote.
ZN
Red floater scan return. Idea is to play for more down side on day 2. Ended down a bit over 1% on Wednesday via a gap up that closed below the open after a few up days. Stops just above 2.86 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. Big sell volume on Wednesday which means it may have mediocre chances for shorts. Avoid all big gaps, especially large gap downs. No longs. Exit over 3.
LOGL
B/O scan. I like it long back over 1.05 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Wednesday or the 1st 30 minute low of Thursday. Avoid all shorts and all big gaps. The low on Wednesday 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. Exiting below 1 on fails after trigger entering might be prudent. Early r/g?
KONG
A former runner with real chances of squeezing early, eager shorts. A modest float helps that. A possible early r/g long entry. A pullback holding 5 and perking off there might be longed, too. As is a break over 5.40 holds. No shorts yet, keep flat on real weak price action. Also long on spiking up at or near the bell as a scalp. This is a live price action call, with the above entry parameters. If this reverses on you, get out at once.
FORD
Like the above but an even lower float, so take that into account. See the above comments for general cues. Long over 3/holds, clearly. Or on a test/hold of that via pull back, etc. No shorts/big gaps. No A/H quote.
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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