ALIM
First red day Supernovae. Finished down a bit over 4.5% last time, so more down side might be realistic. If it had fallen much more than 10% then less 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 is modestly likely given the average red result of Wednesday. No A/H quote. 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. Avoid spike up long scalps, too. Selling volume was modest, range more considerable. Mixed signals for new shorts.
TBET
See the above comments for this other 1st red session Supernovae, they are similar. This one had a bit more volume and finished down by a bit over 7% but the approaches are equivalent.
PSDV
Again, see my comments for the above 2 stock plays, which this one largely resembles. Another 1st down day Supernovae. This one had modest volume, but fell over 11.5% so odds of a bounce are greater.
BARZ
New Supernovae scan return. A 4 day move up with 1 red day that closed at highs and above the open. Big buy volume Wednesday. 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. Gap & crap?
IMOS
Red floater scan return. Idea is to play for more down side on day 2. Ended down a bit more than 4% on Wednesday via a gap up after several up days. Stops just above 13.19 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 sell volume on Wednesday which means it may have fair chances for shorts. Avoid all big gaps, especially large gap downs. No buys. 12.50 test/fail is key.
ALSK
B/O scan. I like it long back over 3.20 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 not 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 3.10 on fails after trigger entering might be prudent. Early r/g? Possible 1/2 position over trigger, 1/2 over 3.25/holds.
STEV
Bullish Engulfing. I like this long over the high (1.29) of Wednesday. Low volume on the rise, which is a decent 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 too far away to use for risk management via stops. Ideally stays above 1.25 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. OTC stock.
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
First red day Supernovae. Finished down a bit over 4.5% last time, so more down side might be realistic. If it had fallen much more than 10% then less 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 is modestly likely given the average red result of Wednesday. No A/H quote. 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. Avoid spike up long scalps, too. Selling volume was modest, range more considerable. Mixed signals for new shorts.
TBET
See the above comments for this other 1st red session Supernovae, they are similar. This one had a bit more volume and finished down by a bit over 7% but the approaches are equivalent.
PSDV
Again, see my comments for the above 2 stock plays, which this one largely resembles. Another 1st down day Supernovae. This one had modest volume, but fell over 11.5% so odds of a bounce are greater.
BARZ
New Supernovae scan return. A 4 day move up with 1 red day that closed at highs and above the open. Big buy volume Wednesday. 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. Gap & crap?
IMOS
Red floater scan return. Idea is to play for more down side on day 2. Ended down a bit more than 4% on Wednesday via a gap up after several up days. Stops just above 13.19 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 sell volume on Wednesday which means it may have fair chances for shorts. Avoid all big gaps, especially large gap downs. No buys. 12.50 test/fail is key.
ALSK
B/O scan. I like it long back over 3.20 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 not 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 3.10 on fails after trigger entering might be prudent. Early r/g? Possible 1/2 position over trigger, 1/2 over 3.25/holds.
STEV
Bullish Engulfing. I like this long over the high (1.29) of Wednesday. Low volume on the rise, which is a decent 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 too far away to use for risk management via stops. Ideally stays above 1.25 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. OTC stock.
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