CPTS
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 15.72) 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 15 on pull backs to remain viable as a long, aside from any early noise.
ALSN
Bullish Engulfing. I like this long over the high (21.78) of Friday. Small volume on the rise, which is a good 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 stops. Ideally stays above 21 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
FFBH
I like this short on over extension on a gap and crap top fish or better a fall fail back under 10/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 10 and keeps going a bit. Stops above Friday's high conservatively, or a bit above 10. If it gaps over that, let it fall under/maintain before entering. No longs or big gaps. No A/H quote. A bit thinly traded.
LOGI
Another potential short with analysis similar to that for the above stock. See those comments for general tips. I'm looking for a fall fail back under 10 and holds. If it gaps under, ideal is a test fail at the aforementioned level, though immediate dumping is possible. If it gaps over, it needs to break under 1st. No longs, though it's quite possible this one could test and hold and perk off for another up day.
WCRX
Red floater scan return. Idea is to play for more, real down side on day 2. Ended up on Friday via a gap up debut that closed below the open after 4 up days. Stops just above 19.64 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. Big buy volume Friday which means it may have possible chances for shorts. Avoid all big gaps, especially large gap downs. No buys. No A/H quote. A 19 fail is ideal here.
AONE
B/O scan. I like it long back over 1.17 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. Medium volume on the rise, a neutral sign for new buys. Exiting below 1 on fails after trigger entering might be prudent. Early r/g? No A/H quote. It's possible a pull back entry at 1 if it holds/perks could be feasible. This held support last time during the session several times.
SEFE
A surprise pick for a long back over 2/holds. No shorts on a fail there, though it's quite possible. Possible inching once it takes the level and maintains. Despite its retreat new promotion may yield a quickly DT long. Exit on 2 fails if it reverses. A small position with constant monitoring is advisable.
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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 15.72) 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 15 on pull backs to remain viable as a long, aside from any early noise.
ALSN
Bullish Engulfing. I like this long over the high (21.78) of Friday. Small volume on the rise, which is a good 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 stops. Ideally stays above 21 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
FFBH
I like this short on over extension on a gap and crap top fish or better a fall fail back under 10/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 10 and keeps going a bit. Stops above Friday's high conservatively, or a bit above 10. If it gaps over that, let it fall under/maintain before entering. No longs or big gaps. No A/H quote. A bit thinly traded.
LOGI
Another potential short with analysis similar to that for the above stock. See those comments for general tips. I'm looking for a fall fail back under 10 and holds. If it gaps under, ideal is a test fail at the aforementioned level, though immediate dumping is possible. If it gaps over, it needs to break under 1st. No longs, though it's quite possible this one could test and hold and perk off for another up day.
WCRX
Red floater scan return. Idea is to play for more, real down side on day 2. Ended up on Friday via a gap up debut that closed below the open after 4 up days. Stops just above 19.64 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. Big buy volume Friday which means it may have possible chances for shorts. Avoid all big gaps, especially large gap downs. No buys. No A/H quote. A 19 fail is ideal here.
AONE
B/O scan. I like it long back over 1.17 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. Medium volume on the rise, a neutral sign for new buys. Exiting below 1 on fails after trigger entering might be prudent. Early r/g? No A/H quote. It's possible a pull back entry at 1 if it holds/perks could be feasible. This held support last time during the session several times.
SEFE
A surprise pick for a long back over 2/holds. No shorts on a fail there, though it's quite possible. Possible inching once it takes the level and maintains. Despite its retreat new promotion may yield a quickly DT long. Exit on 2 fails if it reverses. A small position with constant monitoring is advisable.
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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