CDCAQ
See my previous comments for this enduring Supernovae scan. It finally looks like it MAY be running out of gas. Let's hope so. Avoid longs and big gap downs, ups with some risk and likely top fishing.
MOTR
New Supernovae scan return. A 5 day move up with 1 red day which closed under the highs and above the open. Big buy volume modestly decreasing most days, now increasing. 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 1.50 fail of some kind may prove pivotal, unless it dies out at 1.75ish.
LFVN
I like this short on over extension on a gap and crap top fish or better a fall fail back under 1.87/holds. Or on a 1.90 failure. Avoid big gap downs. Also short on confirmed weakness cues or panic dumps at any time, possibly scalping. Keep in mind many plays like this go on to become Supernovae scans; it would not surprise me if it overtakes 2 and keeps going a bit. Stops above today's high at worst. An OTC stock so be careful.
SONC
Red floater scan return. Idea is to play for more, real down side on day 2. Ended down a bit over 0.50% on Wednesday via a gap up that closed below the open after mostly up days. Stops just above 8.02 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 volume on Wednesday which means it may have fair chances for shorts. Avoid all big gaps, especially large gap downs. No longs. No A/H quote.
JDSU
I like this long above 14/holds. Continuation play. Also long on spiking up at or near the gun as a scalp. No shorts or big gaps. If it gaps over the trigger let it test/hold/perk 1st before entering. Down less than 0.5% A/H. As such, an early red to green long is possible, and it might pull back early then rise over 14 at the same time. Medium buy volume today, a neutral sign. Also long on consistent moves above the opening price level after the noise candle. Stops under 13.60 might do the trick.
RAM
Bullish Engulfing. I like this long over the high (3.89) of Wednesday. 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 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.
CBK
B/O scan. I like it long back over 2.40 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 2.30 on fails after trigger entering might be prudent. Early r/g?
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See my previous comments for this enduring Supernovae scan. It finally looks like it MAY be running out of gas. Let's hope so. Avoid longs and big gap downs, ups with some risk and likely top fishing.
MOTR
New Supernovae scan return. A 5 day move up with 1 red day which closed under the highs and above the open. Big buy volume modestly decreasing most days, now increasing. 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 1.50 fail of some kind may prove pivotal, unless it dies out at 1.75ish.
LFVN
I like this short on over extension on a gap and crap top fish or better a fall fail back under 1.87/holds. Or on a 1.90 failure. Avoid big gap downs. Also short on confirmed weakness cues or panic dumps at any time, possibly scalping. Keep in mind many plays like this go on to become Supernovae scans; it would not surprise me if it overtakes 2 and keeps going a bit. Stops above today's high at worst. An OTC stock so be careful.
SONC
Red floater scan return. Idea is to play for more, real down side on day 2. Ended down a bit over 0.50% on Wednesday via a gap up that closed below the open after mostly up days. Stops just above 8.02 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 volume on Wednesday which means it may have fair chances for shorts. Avoid all big gaps, especially large gap downs. No longs. No A/H quote.
JDSU
I like this long above 14/holds. Continuation play. Also long on spiking up at or near the gun as a scalp. No shorts or big gaps. If it gaps over the trigger let it test/hold/perk 1st before entering. Down less than 0.5% A/H. As such, an early red to green long is possible, and it might pull back early then rise over 14 at the same time. Medium buy volume today, a neutral sign. Also long on consistent moves above the opening price level after the noise candle. Stops under 13.60 might do the trick.
RAM
Bullish Engulfing. I like this long over the high (3.89) of Wednesday. 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 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.
CBK
B/O scan. I like it long back over 2.40 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 2.30 on fails after trigger entering might be prudent. Early r/g?
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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