CDCAQ
Refer to my comments for the past few sessions on this ongoing Supernovae, particulars being largely the same. It finished unchanged today, No longs, set stops over the high today.
ECRY
New Supernovae scan return. A 5 day move up which closed under the highs and above the open. Volume strongest Friday, now lessening. 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 Tuesday 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. An OTC cheapie, so be careful. A 0.60 fail of some kind may prove pivotal.
FCPG
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 back to to 0.75 even 1 before it dumps, so be willing to get out if it suddenly reverses on you and honor stops. This burned shorts today.
THLD
Another maturing Supernovae, this closed positive due to a gap up that closed under the open on even stronger volume than the initial print on Friday. Up a tad A/H. Avoid longs, set stops above the high today or the initial 30 minute peak tomorrow, as applicable.
DEAC
Also a rapidly maturing Supernovae, which greened again today on a lot less volume following at least 3 big up days. Might see a fail at 0.50 tomorrow, or back under 0.30 for the fade. Honor stops, no longs/big gaps.
AFFY
Still looking to fade this on over extension. It rose modestly today. A fall fail back under 10.50 is ideal. Stops above the high today or initial 30 minute one tomorrow. Low volume rise, it may not be done. Basically, on such plays you have to stalk them for days until a red session print arrives in earnest, avoiding longs/big gaps.
BPAX
B/O scan. I like it long back over 1.06 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Medium volume on the rise, a neutral sign for new buys. Up almost 2% A/H. Exiting below 1 on fails after trigger entering might be prudent. Early r/g possible to buy. Watch 1.
Off table, a similar break out play is AONE which could be bought on a test/hold/perk off 2.50ish. Or over the high today. Stops below the above key level. You could short failed B/O's back under that, but I'm flat on that. Up a bit less than 0.50% A/H.
New users: Read my trading guide for my play set-ups!
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The blog has a terms of service. Be sure to read it at:
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Refer to my comments for the past few sessions on this ongoing Supernovae, particulars being largely the same. It finished unchanged today, No longs, set stops over the high today.
ECRY
New Supernovae scan return. A 5 day move up which closed under the highs and above the open. Volume strongest Friday, now lessening. 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 Tuesday 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. An OTC cheapie, so be careful. A 0.60 fail of some kind may prove pivotal.
FCPG
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 back to to 0.75 even 1 before it dumps, so be willing to get out if it suddenly reverses on you and honor stops. This burned shorts today.
THLD
Another maturing Supernovae, this closed positive due to a gap up that closed under the open on even stronger volume than the initial print on Friday. Up a tad A/H. Avoid longs, set stops above the high today or the initial 30 minute peak tomorrow, as applicable.
DEAC
Also a rapidly maturing Supernovae, which greened again today on a lot less volume following at least 3 big up days. Might see a fail at 0.50 tomorrow, or back under 0.30 for the fade. Honor stops, no longs/big gaps.
AFFY
Still looking to fade this on over extension. It rose modestly today. A fall fail back under 10.50 is ideal. Stops above the high today or initial 30 minute one tomorrow. Low volume rise, it may not be done. Basically, on such plays you have to stalk them for days until a red session print arrives in earnest, avoiding longs/big gaps.
BPAX
B/O scan. I like it long back over 1.06 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Medium volume on the rise, a neutral sign for new buys. Up almost 2% A/H. Exiting below 1 on fails after trigger entering might be prudent. Early r/g possible to buy. Watch 1.
Off table, a similar break out play is AONE which could be bought on a test/hold/perk off 2.50ish. Or over the high today. Stops below the above key level. You could short failed B/O's back under that, but I'm flat on that. Up a bit less than 0.50% A/H.
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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