Monday, April 16, 2012

Watchers for the 4-17-12 trading session


Red floater scan return. Idea is to play for more down side on day 2. Ended down on Monday via a gap up that closed below the open after 6 up days. Stops just above 7.87 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 sell volume Monday which means it may have unclear chances for shorts. Avoid all big gaps, especially large gap downs. No buys. Down A/H about 2%.


Bullish Engulfing. I like this long over the high (18.99) of Monday. Modest volume on the rise, which is a fair 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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 18.75 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote. Tweezer bottoms @ 18.62.


B/O scan. I like it long back over 5.02 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday 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. Modest volume on the rise, a fair sign for new buys. Exiting below 4.93 on fails after trigger entering might be prudent. Early r/g? No A/H quote.


I like this short on a gap and crap top fish or better a fall fail back under 1.30/holds. Avoid big gap downs. Also short on confirmed weakness cues or panic dumps at any time, possibly scalping. Flat on more upside and 1.50 test holds. Short on fails at the just mentioned level, a real possibility. If it gaps over, let it go under first/holds before entering. Stops a bit above 1.50. No A/H quote. Also short on confirmed weakness cues. Low float, previous mover, so be careful and get out on reversals over 1.50ish/holds as it could keep going. In the past this has had 1 day wonders usually and the very next day sucks for buyers or within 2 sessions.


See my previous comments, mostly still in effect. 2 is at hand, and is the sticking point. Shorts get out on 2+/holds. This is being promoted and propped up, a real short squeezer. It's overdone and soon it will lose days worth of gains in hours. Box and drop and get out on reversals without thinking twice.


Believe it or not, it may have 1 more day left long in a 1.50 test. See my previous comments, again, mostly still applicable for this. It could lose days of gains in short order, so it needs constant monitoring all session. Another promotion being propped up which is squeezing shorties.


I like this short on over extension on a gap and crap top fish or better a fall fail back under 6/holds. Avoid big gap downs. Also short on confirmed weakness cues or panic dumps at any time, possibly scalping. Keep in mind many plays like this sometimes go longer than anticipated; it would not surprise me if it overtakes 6 and keeps going a bit. Stops above today's high conservatively, or a bit above 6. If it gaps over that, let it fall under/maintain before entering. No longs or big gaps. No A/H quote.

An off record, risky, OTC potential swing long is LFVN which needs to hold/perk off 3. Doji print today. Hold 3-5 days. Set stops just under 2.95 conservatively, or under 2.80ish. Obey stops, this could keep dying under 3 you never know. A gap under or over must test and maintain over 3 to enter. Nice daily chart.

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