DPTRQ
Supernovae, still maturing. See my previous comments, valid for entry/exit/trade management angles. Lower volume last time on the rise, which is a good sign of impending reversal.
ARNA
Again, see my past comments. This is seriously over extending, topping out today just under 3.50. If we get a gap and some spiking up it might be top fished, or it might gap and crap or at any rate dump out of the gate. Volume on the buy side is still strong, though, so be careful if might not be done yet. Up A/H over 1%
CRWS
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 5.35) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume big Tuesday, a poor sign for new buys. Needs to keep above the Tuesday close or at least over 5 on pull backs to remain viable as a long, aside from any early noise. Nice move above 5/holds. Ideally takes 5.50+/holds for longs.
NUSMF
Red floater scan return. Idea is to play for more, real down side on day 2. Ended up about 4.5% on Tuesday via a gap up that closed below the open after 3 up days. Stops just above 2.56 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. Big buy volume on Tuesday which means it may have reasonable chances for shorts. Avoid all big gaps, especially large gap downs. No buys.
PT
B/O scan. I like it long back over 5.72 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Tuesday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Tuesday is arguably not 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 5.50 on fails after trigger entering might be prudent. Early r/g? Clearly, holding 5.70+ is key.
SIFY
Bullish Engulfing. I like this long over the high (3.74) of Tuesday. Medium volume on the rise, which is a tepid 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 Wednesday. More conservatively a stop placed under Tuesday'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.
PSDV
I like this long above 2.60/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. No A/H quote. As such, an early red to green long is still possible. Big buy volume Tuesday, a poor sign. Also long on consistent moves above the opening price level after the noise candle. Stops under 2.50 might do the trick. Low float.
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Supernovae, still maturing. See my previous comments, valid for entry/exit/trade management angles. Lower volume last time on the rise, which is a good sign of impending reversal.
ARNA
Again, see my past comments. This is seriously over extending, topping out today just under 3.50. If we get a gap and some spiking up it might be top fished, or it might gap and crap or at any rate dump out of the gate. Volume on the buy side is still strong, though, so be careful if might not be done yet. Up A/H over 1%
CRWS
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 5.35) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume big Tuesday, a poor sign for new buys. Needs to keep above the Tuesday close or at least over 5 on pull backs to remain viable as a long, aside from any early noise. Nice move above 5/holds. Ideally takes 5.50+/holds for longs.
NUSMF
Red floater scan return. Idea is to play for more, real down side on day 2. Ended up about 4.5% on Tuesday via a gap up that closed below the open after 3 up days. Stops just above 2.56 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. Big buy volume on Tuesday which means it may have reasonable chances for shorts. Avoid all big gaps, especially large gap downs. No buys.
PT
B/O scan. I like it long back over 5.72 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Tuesday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Tuesday is arguably not 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 5.50 on fails after trigger entering might be prudent. Early r/g? Clearly, holding 5.70+ is key.
SIFY
Bullish Engulfing. I like this long over the high (3.74) of Tuesday. Medium volume on the rise, which is a tepid 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 Wednesday. More conservatively a stop placed under Tuesday'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.
PSDV
I like this long above 2.60/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. No A/H quote. As such, an early red to green long is still possible. Big buy volume Tuesday, a poor sign. Also long on consistent moves above the opening price level after the noise candle. Stops under 2.50 might do the trick. Low float.
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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