PNBC
New Supernovae scan return. A 4 day move up which closed under the highs and above the open. Volume increasing past 2 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 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. No A/H quote.
OPHC
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 reasonably likely given the clear red result of Friday. 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 3.90.
KIOR
Again, see my previous comments, still in play in about the same way. Finished not much different than that of the previous close. The danger is that this is simply consolidating. Stops a bit over 3.71ish. Selling volume light, a fair sign. Avoid all big gaps, down especially.
SNSS
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 3.17) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume big Friday, a poor sign for new buys. Needs to keep above the Friday close or at least over 2.70 on pull backs to remain viable as a long, aside from any early noise. More conservatively, needs to keep above 3 if it triggers.
STEM
B/O scan. I like it long back over 1.12 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 likely 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 decent sign for new buys. Exiting below 1.05 on fails after trigger entering might be prudent. Early r/g?
IVAN
Bullish Engulfing. I like this long over the high (1.05) of Friday. 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is arguably not too far away to use for risk management via stops. Ideally stays above 1 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
SBSA
I like this long above 7.09/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 still possible. Big buy volume Friday, a poor sign. Also long on consistent moves above the opening price level after the noise candle. Stops under 7 might do the trick. Low float, past runner.
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New Supernovae scan return. A 4 day move up which closed under the highs and above the open. Volume increasing past 2 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 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. No A/H quote.
OPHC
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 reasonably likely given the clear red result of Friday. 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 3.90.
KIOR
Again, see my previous comments, still in play in about the same way. Finished not much different than that of the previous close. The danger is that this is simply consolidating. Stops a bit over 3.71ish. Selling volume light, a fair sign. Avoid all big gaps, down especially.
SNSS
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 3.17) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume big Friday, a poor sign for new buys. Needs to keep above the Friday close or at least over 2.70 on pull backs to remain viable as a long, aside from any early noise. More conservatively, needs to keep above 3 if it triggers.
STEM
B/O scan. I like it long back over 1.12 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 likely 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 decent sign for new buys. Exiting below 1.05 on fails after trigger entering might be prudent. Early r/g?
IVAN
Bullish Engulfing. I like this long over the high (1.05) of Friday. 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is arguably not too far away to use for risk management via stops. Ideally stays above 1 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
SBSA
I like this long above 7.09/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 still possible. Big buy volume Friday, a poor sign. Also long on consistent moves above the opening price level after the noise candle. Stops under 7 might do the trick. Low float, past runner.
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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