OPHC
New Supernovae scan return. A 4 day move up which closed under the highs and above the open. Volume increasing most days, now huge. 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 Friday 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. No A/H quote.
CAGAQ
Now on my official list for a fade on confirmed weakness cues or panic dumps at any time as a scalp short, this one has really run up. Avoid longs. Ignore A/H quotes on stocks like this. Avoid big gap downs.
KIOR
See my previous comments. Still in play for a fade on over extension. Hanging around just under 13.50 so it's very much alive for the short. Stops just over today's high. Ideally it fails around the above level as the peak.
AGEN
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 6.82) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume big Thursday, a poor sign for new buys. Needs to keep above the Thursday close or at least over 6.30 on pull backs to remain viable as a long, aside from any early noise. More conservatively, needs to keep above 6.50ish. Up A/H.
STRI
B/O scan. I like it long back over 5.14 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Thursday or the 1st 30 minute low of Friday. Avoid all shorts and all big gaps. The low on Thursday is likely 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 on fails after trigger entering might be prudent. Early r/g?
PCX
Bullish Engulfing. I like this long over the high (6.59) of Thursday. 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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is arguably not too far away to use for risk management via stops. Ideally stays above 6.40 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. Down A/H a bit.
IAHL
Red floater scan return. Idea is to play for more, real down side on day 2. Ended up about 10% on Thursday via a gap up that closed below the open after several up days. Stops just above 0.69 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. Decent buy volume on Tuesday which means it may have respectable chances for shorts. Avoid all big gaps, especially large gap downs. No buys.
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New Supernovae scan return. A 4 day move up which closed under the highs and above the open. Volume increasing most days, now huge. 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 Friday 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. No A/H quote.
CAGAQ
Now on my official list for a fade on confirmed weakness cues or panic dumps at any time as a scalp short, this one has really run up. Avoid longs. Ignore A/H quotes on stocks like this. Avoid big gap downs.
KIOR
See my previous comments. Still in play for a fade on over extension. Hanging around just under 13.50 so it's very much alive for the short. Stops just over today's high. Ideally it fails around the above level as the peak.
AGEN
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 6.82) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume big Thursday, a poor sign for new buys. Needs to keep above the Thursday close or at least over 6.30 on pull backs to remain viable as a long, aside from any early noise. More conservatively, needs to keep above 6.50ish. Up A/H.
STRI
B/O scan. I like it long back over 5.14 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Thursday or the 1st 30 minute low of Friday. Avoid all shorts and all big gaps. The low on Thursday is likely 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 on fails after trigger entering might be prudent. Early r/g?
PCX
Bullish Engulfing. I like this long over the high (6.59) of Thursday. 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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is arguably not too far away to use for risk management via stops. Ideally stays above 6.40 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. Down A/H a bit.
IAHL
Red floater scan return. Idea is to play for more, real down side on day 2. Ended up about 10% on Thursday via a gap up that closed below the open after several up days. Stops just above 0.69 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. Decent buy volume on Tuesday which means it may have respectable chances for shorts. Avoid all big gaps, especially large gap downs. No buys.
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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