CDCAQ
Supernovae, still maturing. See my previous comments for tips on entry/exit/trade management ideas as they are still mostly applicable. Buy volume still big, so respect it. This could run up to 1.50 even 2 before it dumps, so be willing to get out if it suddenly reverses on you and honor stops. This could squeeze shorties.
DWCH
Again, see my previous comments. Mostly still applicable. Buy volume decaying, a good sign. Hopefully a fall fail of some kind at 9.50 awaits on over extension. Patience pays on these things, waiting for clear weakness. Still, it could dive closer to 10 instead, it nearly got there today. No A/H quote.
KIRK
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 16.84) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume strong Thursday, a poor sign for new buys. Needs to keep above the Thursday close or at least over 16 on pull backs to remain viable as a long, aside from any early noise. Nice daily chart price correction move and B/O over 16.
AFFY
I like this short on over extension on a gap and crap top fish or better a fall fail back under 10/holds. Avoid big gap downs. Also short on confirmed weakness cues or panic dumps at any time, possibly scalping. Down A/H about 1%. Keep in mind many plays like this go on to become Supernovae scans; it would not surprise me if it overtakes 10.50 and keeps going a bit. Stops above today's high at worst.
GLUU
Arguably an even better and more seasoned over extension play, see the above comments for AFFY for general tips on approaches to fade this if it cracks, since they are similar set ups in the making. Set a stop above today's high and get out if it reverses on you after an entrance. A drop under 3.80 or 3.75 is key.
LOOP
Bullish Engulfing. I like this long over the high (16.17) of Thursday. 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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is likely not too far away to use for risk management via stops. Ideally stays above 15.85 on pull backs to remain viable as a long if it triggers. Conservative exits under 16. No big gaps/shorts. No A/H quote.
ALIM
B/O scan. I like it long back over 1.73 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Thursday or the 1st 30 minute low of Friday. Avoid all shorts and all big gaps. The low on Thursday 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. No A/H quote. Exiting below 1.70 on fails after trigger entering might be prudent. Early r/g possible to buy.
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
Supernovae, still maturing. See my previous comments for tips on entry/exit/trade management ideas as they are still mostly applicable. Buy volume still big, so respect it. This could run up to 1.50 even 2 before it dumps, so be willing to get out if it suddenly reverses on you and honor stops. This could squeeze shorties.
DWCH
Again, see my previous comments. Mostly still applicable. Buy volume decaying, a good sign. Hopefully a fall fail of some kind at 9.50 awaits on over extension. Patience pays on these things, waiting for clear weakness. Still, it could dive closer to 10 instead, it nearly got there today. No A/H quote.
KIRK
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 16.84) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume strong Thursday, a poor sign for new buys. Needs to keep above the Thursday close or at least over 16 on pull backs to remain viable as a long, aside from any early noise. Nice daily chart price correction move and B/O over 16.
AFFY
I like this short on over extension on a gap and crap top fish or better a fall fail back under 10/holds. Avoid big gap downs. Also short on confirmed weakness cues or panic dumps at any time, possibly scalping. Down A/H about 1%. Keep in mind many plays like this go on to become Supernovae scans; it would not surprise me if it overtakes 10.50 and keeps going a bit. Stops above today's high at worst.
GLUU
Arguably an even better and more seasoned over extension play, see the above comments for AFFY for general tips on approaches to fade this if it cracks, since they are similar set ups in the making. Set a stop above today's high and get out if it reverses on you after an entrance. A drop under 3.80 or 3.75 is key.
LOOP
Bullish Engulfing. I like this long over the high (16.17) of Thursday. 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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is likely not too far away to use for risk management via stops. Ideally stays above 15.85 on pull backs to remain viable as a long if it triggers. Conservative exits under 16. No big gaps/shorts. No A/H quote.
ALIM
B/O scan. I like it long back over 1.73 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Thursday or the 1st 30 minute low of Friday. Avoid all shorts and all big gaps. The low on Thursday 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. No A/H quote. Exiting below 1.70 on fails after trigger entering might be prudent. Early r/g possible to buy.
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