PNBC
First red day Supernovae. Finished down more than 41% last time, so more down side might not be in the cards. If it had fallen much less than 10% then more 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 sadly very likely given the clear red result of Monday. 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 medium, range bigger, mixed signals for new shorts. Stops over 2.50.
CAMP
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 5.37) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume medium Monday, a neutral sign for new buys. Needs to keep above the Monday close or at least over 5.15 on pull backs to remain viable as a long, aside from any early noise. More conservatively, needs to stay over 5.25 if it triggers.
CXPO
Red floater scan return. Idea is to play for more down side on day 2. Ended down about 1.5% on Monday via a gap up that closed below the open after a few up days. Stops just above 4.27 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. Moderate sell volume on Monday which means it may have respectable chances for shorts. Avoid all big gaps, especially large gap downs. No buys. No A/H quote.
YOKU
Bullish Engulfing. I like this long over the high (23.50) 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 arguably not too far away to use for risk management via stops. Ideally stays above 22.50 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. Up A/H a bit.
MOD
B/O scan. I like it long back over 9.10 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 likely 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 decent sign for new buys. Exiting below 8.83 on fails after trigger entering might be prudent. Early r/g?
VRNG
I like this on a short on a fail at a 3.50 test. Up A/H over 8% so may that arrives. Or on morning panic or an afternoon dump. No more longs. It might go Supernovae in which case it could be a short after tomorrow. Consistent moves under the open after the noise candle means a fade play. This could fall under 3 for a fade as well. Avoid big gaps, if it opens over 3.50 let it test/fail there first before entering short. A gap down short possible if within reason. A low floater, so it can really squeeze, if it reverses on you get out at once!
XIN
I like this short on over extension on a gap and crap top fish or better a fall fail back under 4/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 go on to become Supernovae scans; it would not surprise me if it overtakes 4 and keeps going a bit. Stops above today's high conservatively, or a bit above 4. No longs. No A/H quote.
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First red day Supernovae. Finished down more than 41% last time, so more down side might not be in the cards. If it had fallen much less than 10% then more 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 sadly very likely given the clear red result of Monday. 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 medium, range bigger, mixed signals for new shorts. Stops over 2.50.
CAMP
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 5.37) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume medium Monday, a neutral sign for new buys. Needs to keep above the Monday close or at least over 5.15 on pull backs to remain viable as a long, aside from any early noise. More conservatively, needs to stay over 5.25 if it triggers.
CXPO
Red floater scan return. Idea is to play for more down side on day 2. Ended down about 1.5% on Monday via a gap up that closed below the open after a few up days. Stops just above 4.27 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. Moderate sell volume on Monday which means it may have respectable chances for shorts. Avoid all big gaps, especially large gap downs. No buys. No A/H quote.
YOKU
Bullish Engulfing. I like this long over the high (23.50) 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 arguably not too far away to use for risk management via stops. Ideally stays above 22.50 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. Up A/H a bit.
MOD
B/O scan. I like it long back over 9.10 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 likely 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 decent sign for new buys. Exiting below 8.83 on fails after trigger entering might be prudent. Early r/g?
VRNG
I like this on a short on a fail at a 3.50 test. Up A/H over 8% so may that arrives. Or on morning panic or an afternoon dump. No more longs. It might go Supernovae in which case it could be a short after tomorrow. Consistent moves under the open after the noise candle means a fade play. This could fall under 3 for a fade as well. Avoid big gaps, if it opens over 3.50 let it test/fail there first before entering short. A gap down short possible if within reason. A low floater, so it can really squeeze, if it reverses on you get out at once!
XIN
I like this short on over extension on a gap and crap top fish or better a fall fail back under 4/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 go on to become Supernovae scans; it would not surprise me if it overtakes 4 and keeps going a bit. Stops above today's high conservatively, or a bit above 4. No longs. No A/H quote.
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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