DPTRQ
First red day Supernovae. Finished down more than 10.5% last time, so more down side might not be in the cards. If it had fallen much less than 10% then more 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 fairly likely given the clear red result of Wednesday. 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 after the noise candle. Avoid spike up long scalps, too. Selling volume was modest, range bigger, mixed signals for new shorts. Stops over 0.64.
HCKT
Red floater scan return. Idea is to play for more down side on day 2. Ended down about 2.5%+ on Wednesday via a flat debut that closed below the open after a few up days. Stops just above 6.21 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 average chances for shorts. Avoid all big gaps, especially large gap downs. No buys.
GRZ
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 3.55) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume big Wednesday, a poor sign for new buys. Needs to keep above the Wednesday close or at least over 3.30 on pull backs to remain viable as a long, aside from any early noise. Ideally takes 3.50+/holds for longs.
AMRS
B/O scan. I like it long back over 6 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 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. Medium volume on the rise, a tepid sign for new buys. Exiting below 5.75 on fails after trigger entering might be prudent. Early r/g?
GAZ
Bullish Engulfing. I like this long over the high (3.90) of Wednesday. 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 Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is arguably not too far away to use for risk management via stops. Ideally stays above 3.75 on pull backs to remain viable as a long if it triggers. No big gaps/shorts.
CZR
I like this long above 14.30/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. Up 0.50% A/H. Still, an early red to green long is still possible. Modest buy volume Wednesday, a fair sign. Also long on consistent moves above the opening price level after the noise candle. Stops under 14 might do the trick. Past mover.
KIOR
I like this short on over extension on a gap and crap top fish or better a fall fail back under 13.50/holds. Avoid big gap downs. Also short on confirmed weakness cues or panic dumps at any time, possibly scalping. Stops just above 13.90. Might not be done yet, could test/fail 14 to fade enter. Get out on holds of 14+ etc.
Off record, watch CAGAQ for a possible fade dump, it's up big 2nd day now. NUSMF over extending, similar to the above official call, which had been our red floater pick. Stops over 2.63. Fails under 2.50 ideal.
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 more than 10.5% last time, so more down side might not be in the cards. If it had fallen much less than 10% then more 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 fairly likely given the clear red result of Wednesday. 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 after the noise candle. Avoid spike up long scalps, too. Selling volume was modest, range bigger, mixed signals for new shorts. Stops over 0.64.
HCKT
Red floater scan return. Idea is to play for more down side on day 2. Ended down about 2.5%+ on Wednesday via a flat debut that closed below the open after a few up days. Stops just above 6.21 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 average chances for shorts. Avoid all big gaps, especially large gap downs. No buys.
GRZ
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 3.55) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume big Wednesday, a poor sign for new buys. Needs to keep above the Wednesday close or at least over 3.30 on pull backs to remain viable as a long, aside from any early noise. Ideally takes 3.50+/holds for longs.
AMRS
B/O scan. I like it long back over 6 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 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. Medium volume on the rise, a tepid sign for new buys. Exiting below 5.75 on fails after trigger entering might be prudent. Early r/g?
GAZ
Bullish Engulfing. I like this long over the high (3.90) of Wednesday. 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 Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is arguably not too far away to use for risk management via stops. Ideally stays above 3.75 on pull backs to remain viable as a long if it triggers. No big gaps/shorts.
CZR
I like this long above 14.30/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. Up 0.50% A/H. Still, an early red to green long is still possible. Modest buy volume Wednesday, a fair sign. Also long on consistent moves above the opening price level after the noise candle. Stops under 14 might do the trick. Past mover.
KIOR
I like this short on over extension on a gap and crap top fish or better a fall fail back under 13.50/holds. Avoid big gap downs. Also short on confirmed weakness cues or panic dumps at any time, possibly scalping. Stops just above 13.90. Might not be done yet, could test/fail 14 to fade enter. Get out on holds of 14+ etc.
Off record, watch CAGAQ for a possible fade dump, it's up big 2nd day now. NUSMF over extending, similar to the above official call, which had been our red floater pick. Stops over 2.63. Fails under 2.50 ideal.
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