BIZZ
First red day Supernovae. Finished down less than 10% last time, so more down side might be in the cards. 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 barely likely given the modest red result of Tuesday. 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. Sell volume was small, range moderate. Mixed signals for new shorts. Stops over 0.505.
VRNG
Another 1st red session Supernovae, see comments for the above, which this roughly resembles. Also with modest selling volume and moderate range, it fell just a bit over 3% which is a fair sign for more gravy. Up A/H over 2.5% avoid big gap downs. Stops just over today's high at most.
IMSC
Red floater scan return. Idea is to play for more, real down side on day 2. Ended up a hair on Tuesday via a gap up that closed below the open after 4 up days. Stops just above 1.03 tops 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. Strong, but now declining volume by Tuesday which means it may have unclear chances for shorts. Avoid all big gaps, especially large gap downs. No buys.
NTWK
B/O scan. I like it long back over 0.44 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 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 0.40 on fails after trigger entering might be prudent. Early r/g? Down over 4% A/H.
IRDM
Bullish Engulfing. I like this long over the high (8.50) of Tuesday. Moderate 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 Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is arguably too far away to use for stops. Ideally stays above 8.39 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
NEWL
I like this short on a gap and crap top fish or better a fall fail back under 2.50/holds. Avoid big gap downs. Also short on confirmed weakness cues or panic dumps at any time, possibly scalping. Flat on more upside and 2.50 test holds. Stops a bit above 2.50. Up 2% A/H. Also short on confirmed weakness cues. Low float, previous mover, so be careful and get out on reversals over 2.50ish/holds as it could keep going.
SNPK
A likely promotion I like short on its over extension IF and when it begins to dump. Reserve shares to box and drop if possible. Keep flat on more upside/inching. Ignore A/H quotes. If it panic dumps at any time or trades below the open after the noise candle it can be faded. Get out on reversals. It's possible when the drop day arrives several days of gains will be wiped out in hours. Many newsletters on this, so it reeks of graft.
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First red day Supernovae. Finished down less than 10% last time, so more down side might be in the cards. 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 barely likely given the modest red result of Tuesday. 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. Sell volume was small, range moderate. Mixed signals for new shorts. Stops over 0.505.
VRNG
Another 1st red session Supernovae, see comments for the above, which this roughly resembles. Also with modest selling volume and moderate range, it fell just a bit over 3% which is a fair sign for more gravy. Up A/H over 2.5% avoid big gap downs. Stops just over today's high at most.
IMSC
Red floater scan return. Idea is to play for more, real down side on day 2. Ended up a hair on Tuesday via a gap up that closed below the open after 4 up days. Stops just above 1.03 tops 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. Strong, but now declining volume by Tuesday which means it may have unclear chances for shorts. Avoid all big gaps, especially large gap downs. No buys.
NTWK
B/O scan. I like it long back over 0.44 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 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 0.40 on fails after trigger entering might be prudent. Early r/g? Down over 4% A/H.
IRDM
Bullish Engulfing. I like this long over the high (8.50) of Tuesday. Moderate 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 Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is arguably too far away to use for stops. Ideally stays above 8.39 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
NEWL
I like this short on a gap and crap top fish or better a fall fail back under 2.50/holds. Avoid big gap downs. Also short on confirmed weakness cues or panic dumps at any time, possibly scalping. Flat on more upside and 2.50 test holds. Stops a bit above 2.50. Up 2% A/H. Also short on confirmed weakness cues. Low float, previous mover, so be careful and get out on reversals over 2.50ish/holds as it could keep going.
SNPK
A likely promotion I like short on its over extension IF and when it begins to dump. Reserve shares to box and drop if possible. Keep flat on more upside/inching. Ignore A/H quotes. If it panic dumps at any time or trades below the open after the noise candle it can be faded. Get out on reversals. It's possible when the drop day arrives several days of gains will be wiped out in hours. Many newsletters on this, so it reeks of graft.
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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