NFEC
New Supernovae scan return. A 2 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 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. Up A/H 3.5%
BIZZ
Another new Supernovae, see my comments for the above play, which this one generally resembles. This one is a lot cheaper and has had several less impressive up days. OTC, be careful. Ignore A/H quotes on it.
CLNT
First red day Supernovae. Finished up less than 1% 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 nominally likely given the flat result of Thursday. 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. Buy volume was strong, range too, mixed signals for new shorts. Stops just over 6, etc.
HEAT
Another 1st red session Supernovae, see my comments above for general tips on entry, exit, and trade management. Differences are this one closed down almost 18% so the probability of a bounce and no additional immediate down side is much larger. Low float, watch squeezes here like above play. Down A/H about 3% use a conservative stop just over 6.60 ideally.
SEFE
Also see my comments from last time, much the same for Monday. It got closer to resistance, and closed under the open but unchanged relative to the previous close. It's quite possible that was just a pause and it will resume inching up and break over 1.25 but I'm flat on that again. I am looking for some correction to fade.
NTSP
Bullish Engulfing. I like this long over the high (7.42) of Thursday. Small volume on the rise, which is a decent 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 Thursday's close, too. The low on that day is arguably not too far away to use for risk management via stops. Ideally stays above 7.23 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
ARNA
A pennant style consolidation may yield a continuation play above Thursday's high (3.13) for further gains as a long entry. Stops just under 3. A failed chart pattern entry on a break under 3 is possible, too. Also a long on consistent moves above the open after the noise candle, or on spiking up at or near the gun as a scalp buy. A fade scalp on panic dumps at any time and especially back under 3. Wait for a test/fail here if it gap below that. No A/H quote change. Avoid all big gaps.
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 2 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 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. Up A/H 3.5%
BIZZ
Another new Supernovae, see my comments for the above play, which this one generally resembles. This one is a lot cheaper and has had several less impressive up days. OTC, be careful. Ignore A/H quotes on it.
CLNT
First red day Supernovae. Finished up less than 1% 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 nominally likely given the flat result of Thursday. 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. Buy volume was strong, range too, mixed signals for new shorts. Stops just over 6, etc.
HEAT
Another 1st red session Supernovae, see my comments above for general tips on entry, exit, and trade management. Differences are this one closed down almost 18% so the probability of a bounce and no additional immediate down side is much larger. Low float, watch squeezes here like above play. Down A/H about 3% use a conservative stop just over 6.60 ideally.
SEFE
Also see my comments from last time, much the same for Monday. It got closer to resistance, and closed under the open but unchanged relative to the previous close. It's quite possible that was just a pause and it will resume inching up and break over 1.25 but I'm flat on that again. I am looking for some correction to fade.
NTSP
Bullish Engulfing. I like this long over the high (7.42) of Thursday. Small volume on the rise, which is a decent 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 Thursday's close, too. The low on that day is arguably not too far away to use for risk management via stops. Ideally stays above 7.23 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
ARNA
A pennant style consolidation may yield a continuation play above Thursday's high (3.13) for further gains as a long entry. Stops just under 3. A failed chart pattern entry on a break under 3 is possible, too. Also a long on consistent moves above the open after the noise candle, or on spiking up at or near the gun as a scalp buy. A fade scalp on panic dumps at any time and especially back under 3. Wait for a test/fail here if it gap below that. No A/H quote change. Avoid all big gaps.
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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