FEED
New Supernovae scan return. A 8 day move up which closed under the highs and above the open. Volume increasing most 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 Tuesday 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. A 0.60 fail of some kind may prove pivotal.
MS
Red floater scan return. Idea is to play for more down side on day 2. Ended red over 2.5% on Monday via a gap down that closed below the open after 8 up days. Stops just above 17.11 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. Medium sell volume on Monday which means it may have average chances for shorts. Avoid all longs and big gaps, especially large gap downs. Down a tad A/H.
JAG
B/O scan. I like it long back over 1.36 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 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 fair sign for new buys. No A/H quote change. Exiting below 1.20 on fails after trigger entrance advisable. Early r/g buy?
CECO
Bearish Engulfing. I like it short below the low (3.47) of Monday. Modest volume on the drop, which is a decent sign for new sellers. Keep flat on real strength aside from a typical green to red move, etc. Stops just above the high last time or the initial 30 minute one on Tuesday. More conservatively a stop placed above Monday's close, too. The high on that day is arguably not too far away to use for risk control via stops. Ideally keeps under 3.65ish on any pull ups to remain viable as a short. Avoid all big gaps/longs.
SSH
A former runner that I like long as a scalp at or near the gun on spiking up, or on more upside over 8.76/holds. Up A/H to near that so let it test and hold/perk 1st before entering. Unclear float. I also like it short back under 8.50/holds. Or on spike downs/panic dumps back under that, especially in the morning.
BYD
I like this long over 6.45 into the gap on its daily chart with strong volume. It needs to hold over 6.25 on a test to remain/be viable as a long. Possible early red to green long entry if it opens weak. Also a long on spiking up at or near the bell for a long scalp. Keep flat on real weakness or a fall fail at 6.25 if tested. Avoid all big gaps, as usual. No A/H quote.
SGMO
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 6.43) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume strong Monday, a poor of the road sign for new buys. Needs to keep above the Monday close or at least over 6 on pull backs to remain viable as a long, aside from any early noise.
Off record, see my previous comments for an essentially identical play on NSPR tomorrow. It squeezes, but may work out for shorts based on a 2.50ish top, etc. No longs, but 2.50+ and more still possible.
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 8 day move up which closed under the highs and above the open. Volume increasing most 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 Tuesday 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. A 0.60 fail of some kind may prove pivotal.
MS
Red floater scan return. Idea is to play for more down side on day 2. Ended red over 2.5% on Monday via a gap down that closed below the open after 8 up days. Stops just above 17.11 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. Medium sell volume on Monday which means it may have average chances for shorts. Avoid all longs and big gaps, especially large gap downs. Down a tad A/H.
JAG
B/O scan. I like it long back over 1.36 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 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 fair sign for new buys. No A/H quote change. Exiting below 1.20 on fails after trigger entrance advisable. Early r/g buy?
CECO
Bearish Engulfing. I like it short below the low (3.47) of Monday. Modest volume on the drop, which is a decent sign for new sellers. Keep flat on real strength aside from a typical green to red move, etc. Stops just above the high last time or the initial 30 minute one on Tuesday. More conservatively a stop placed above Monday's close, too. The high on that day is arguably not too far away to use for risk control via stops. Ideally keeps under 3.65ish on any pull ups to remain viable as a short. Avoid all big gaps/longs.
SSH
A former runner that I like long as a scalp at or near the gun on spiking up, or on more upside over 8.76/holds. Up A/H to near that so let it test and hold/perk 1st before entering. Unclear float. I also like it short back under 8.50/holds. Or on spike downs/panic dumps back under that, especially in the morning.
BYD
I like this long over 6.45 into the gap on its daily chart with strong volume. It needs to hold over 6.25 on a test to remain/be viable as a long. Possible early red to green long entry if it opens weak. Also a long on spiking up at or near the bell for a long scalp. Keep flat on real weakness or a fall fail at 6.25 if tested. Avoid all big gaps, as usual. No A/H quote.
SGMO
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 6.43) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume strong Monday, a poor of the road sign for new buys. Needs to keep above the Monday close or at least over 6 on pull backs to remain viable as a long, aside from any early noise.
Off record, see my previous comments for an essentially identical play on NSPR tomorrow. It squeezes, but may work out for shorts based on a 2.50ish top, etc. No longs, but 2.50+ and more still possible.
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