GV
New Supernovae scan return. A 2 day move up that closed under the highs and above the open. Strong buy volume Friday. 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 Monday 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 and crap?
OMER
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 8.03) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume strong Friday, a tepid sign for new buys. Needs to keep above the Friday close or at least over 7.50 on pull backs to remain viable as a long, aside from any early noise.
GGOX
Red floater scan return. Idea is to play for more down side on day 2. Ended down 2% on Friday via a gap up after several up days. Stops just above 2.66 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. Medium sell volume on Friday which means it may have average chances for shorts. Avoid all big gaps, especially large gap downs. No buys. 2.50 test/fail is key.
GNOM
Bullish Engulfing. I like this long over the high (4.19) of Friday. 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is too far away to use for risk management via stops. Ideally stays above 4 on pull backs to remain viable as a long if it triggers. No big gaps/shorts.
SIFY
B/O scan. I like it long back over 4.17 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Friday or the 1st 30 minute low of Monday. Avoid all shorts and all big gaps. The low on Friday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Decent volume on the rise, a tepid sign for new buys. Exiting below 4 on fails after trigger entering might be prudent. Early r/g? Clearly holding 4 will be the key to any later play.
KERX
I like this long above 3.74/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 possible. Big buy volume Friday, a poor sign. Also long on consistent moves above the opening price level after the noise candle. Stops under 3.60 might do the trick.
CDCAQ
I'm long on a possible early r/g move here, and over 4.50/holds. Both of these possibly off a weak open. Also long on spike ups at or near the gun as a scalp. No shorts, keep flat on real weak price action. Possible to take 1/2 position over the initial level above and over 4.57. Get out under 4.50. Avoid all big gaps.
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New Supernovae scan return. A 2 day move up that closed under the highs and above the open. Strong buy volume Friday. 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 Monday 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 and crap?
OMER
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 8.03) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume strong Friday, a tepid sign for new buys. Needs to keep above the Friday close or at least over 7.50 on pull backs to remain viable as a long, aside from any early noise.
GGOX
Red floater scan return. Idea is to play for more down side on day 2. Ended down 2% on Friday via a gap up after several up days. Stops just above 2.66 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. Medium sell volume on Friday which means it may have average chances for shorts. Avoid all big gaps, especially large gap downs. No buys. 2.50 test/fail is key.
GNOM
Bullish Engulfing. I like this long over the high (4.19) of Friday. 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is too far away to use for risk management via stops. Ideally stays above 4 on pull backs to remain viable as a long if it triggers. No big gaps/shorts.
SIFY
B/O scan. I like it long back over 4.17 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Friday or the 1st 30 minute low of Monday. Avoid all shorts and all big gaps. The low on Friday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Decent volume on the rise, a tepid sign for new buys. Exiting below 4 on fails after trigger entering might be prudent. Early r/g? Clearly holding 4 will be the key to any later play.
KERX
I like this long above 3.74/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 possible. Big buy volume Friday, a poor sign. Also long on consistent moves above the opening price level after the noise candle. Stops under 3.60 might do the trick.
CDCAQ
I'm long on a possible early r/g move here, and over 4.50/holds. Both of these possibly off a weak open. Also long on spike ups at or near the gun as a scalp. No shorts, keep flat on real weak price action. Possible to take 1/2 position over the initial level above and over 4.57. Get out under 4.50. Avoid all big gaps.
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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