AWSR
First red day Supernovae. Finished down more than 49.5% 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 quite likely given the huge red result of Friday. 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 big, range too, poor signals for new shorts. Stops over 0.93.
SIRI
I like this long on continuation over 2.20. Also long on spike ups at or near the gun. Keep flat on consistently weak price action, avoiding shorts. Recent chart resistance here, that if conquered, could mean more upside. No A/H quote. Avoid all large gaps.
IMOS
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 10.70) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume big Friday, a poor sign for new buys. Needs to keep above the Friday close or at least over 10 on pull backs to remain viable as a long, aside from any early noise.
ELLI
Red floater scan return. Idea is to play for more down side on day 2. Ended up a bit more than 13% on Friday via a gap up that closed below the open after 3 up days. Stops just above 9.19 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. Modest buy volume on Friday which means it may have average chances for shorts. Avoid all big gaps, especially large gap downs. No longs. A 9 test/fail is key.
CEDC
Bullish Engulfing. I like this long over the high (5.85) of Friday. Low 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is arguably not too far away to use for risk management via stops. Ideally stays above 5.60 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
MERU
B/O scan. I like it long back over 5.04 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 is 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. Exiting below 5 on fails after trigger entering might be prudent. Early r/g?
GBR
A former runner with real chances of squeezing early, eager shorts. A low float helps that. A possible early r/g long entry. A pullback holding 3.50 and perking off there might be longed, too. As is a break over 3.75 and 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.
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First red day Supernovae. Finished down more than 49.5% 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 quite likely given the huge red result of Friday. 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 big, range too, poor signals for new shorts. Stops over 0.93.
SIRI
I like this long on continuation over 2.20. Also long on spike ups at or near the gun. Keep flat on consistently weak price action, avoiding shorts. Recent chart resistance here, that if conquered, could mean more upside. No A/H quote. Avoid all large gaps.
IMOS
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 10.70) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume big Friday, a poor sign for new buys. Needs to keep above the Friday close or at least over 10 on pull backs to remain viable as a long, aside from any early noise.
ELLI
Red floater scan return. Idea is to play for more down side on day 2. Ended up a bit more than 13% on Friday via a gap up that closed below the open after 3 up days. Stops just above 9.19 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. Modest buy volume on Friday which means it may have average chances for shorts. Avoid all big gaps, especially large gap downs. No longs. A 9 test/fail is key.
CEDC
Bullish Engulfing. I like this long over the high (5.85) of Friday. Low 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is arguably not too far away to use for risk management via stops. Ideally stays above 5.60 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
MERU
B/O scan. I like it long back over 5.04 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 is 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. Exiting below 5 on fails after trigger entering might be prudent. Early r/g?
GBR
A former runner with real chances of squeezing early, eager shorts. A low float helps that. A possible early r/g long entry. A pullback holding 3.50 and perking off there might be longed, too. As is a break over 3.75 and 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.
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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