CLNT
New Supernovae scan return. A 3 day move up which closed under the highs and above the open. Volume modest past few 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 Thursday 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. Up A/H a tad.
HEAT
Out big winner long is now a full fledged new Supernovae, a common scenario as I often say. See my comments for the above play, which this one strongly resembles in general. This one is a 2 day move with greater volume on the previous day, as well as today. It's down about 2.5% A/H. Avoid squeeze reversals.
BSPM
Red floater scan return. Idea is to play for more, real down side on day 2. Ended up 170% on Wednesday via a gap up that closed below the open after 1 up day. Stops just above 1.77 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. Fairly small buy volume on Wednesday which means it may have unclear chances for shorts. Avoid all big gaps, especially large gap downs. No buys.
LUV
B/O scan. I like it long back over 8.50 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Wednesday or the 1st 30 minute low of Thursday. Avoid all shorts and all big gaps. The low on Wednesday 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. Big volume on the rise, a poor sign for new buys. Exiting below 8.38 on fails after trigger entering might be prudent. Early r/g? Up a tad A/H.
PMCS
Bullish Engulfing. I like this long over the high (7.80) of Wednesday. Very strong volume on the rise, which is a poor 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 Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is likely too far away to use for stops. Ideally stays above 7.50 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. Down A/H a bit over 1%
SEFE
A low float incher fast approaching previous resistance @ 1.25. I think it's gonna run out of gas soon. Short on panic dumps at any time, or steady decay under the open after the noise candle. Stocks like this can lose lots in a few hours, wiping out days of gains acquired slow and steady. Might have a bit more left, but I am flat on the rise to test what might be the top. Now, it might keep going after taking and holding resistance, but I am flat on that, too. Panic dumps might be scalp fades, share reservation on such things is dicey.
RCON
I like this short on a gap and crap top fish or better a fall fail back under 3/holds. Avoid big gap downs. Also short on confirmed weakness cues or panic dumps at any time, possibly scalping. Flat on more upside and 3 test holds. Stops a bit above 3. Down over 2% A/H. Also short on confirmed weakness cues. Low float, previous mover, so be careful and get out on reversals over 3ish/holds. This up day was long overdue.
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
New Supernovae scan return. A 3 day move up which closed under the highs and above the open. Volume modest past few 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 Thursday 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. Up A/H a tad.
HEAT
Out big winner long is now a full fledged new Supernovae, a common scenario as I often say. See my comments for the above play, which this one strongly resembles in general. This one is a 2 day move with greater volume on the previous day, as well as today. It's down about 2.5% A/H. Avoid squeeze reversals.
BSPM
Red floater scan return. Idea is to play for more, real down side on day 2. Ended up 170% on Wednesday via a gap up that closed below the open after 1 up day. Stops just above 1.77 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. Fairly small buy volume on Wednesday which means it may have unclear chances for shorts. Avoid all big gaps, especially large gap downs. No buys.
LUV
B/O scan. I like it long back over 8.50 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Wednesday or the 1st 30 minute low of Thursday. Avoid all shorts and all big gaps. The low on Wednesday 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. Big volume on the rise, a poor sign for new buys. Exiting below 8.38 on fails after trigger entering might be prudent. Early r/g? Up a tad A/H.
PMCS
Bullish Engulfing. I like this long over the high (7.80) of Wednesday. Very strong volume on the rise, which is a poor 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 Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is likely too far away to use for stops. Ideally stays above 7.50 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. Down A/H a bit over 1%
SEFE
A low float incher fast approaching previous resistance @ 1.25. I think it's gonna run out of gas soon. Short on panic dumps at any time, or steady decay under the open after the noise candle. Stocks like this can lose lots in a few hours, wiping out days of gains acquired slow and steady. Might have a bit more left, but I am flat on the rise to test what might be the top. Now, it might keep going after taking and holding resistance, but I am flat on that, too. Panic dumps might be scalp fades, share reservation on such things is dicey.
RCON
I like this short on a gap and crap top fish or better a fall fail back under 3/holds. Avoid big gap downs. Also short on confirmed weakness cues or panic dumps at any time, possibly scalping. Flat on more upside and 3 test holds. Stops a bit above 3. Down over 2% A/H. Also short on confirmed weakness cues. Low float, previous mover, so be careful and get out on reversals over 3ish/holds. This up day was long overdue.
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
No comments:
Post a Comment