FEED
Another big up day on bigger volume. Supernovae still maturing. See my previous comments, mostly still applicable. Possible top at 0.75 or even a buck, short confirmed weakness cues if looking for less risk.
HOV
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 3.60) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume fairly strong Tuesday, a suspect sign for new buys. Needs to keep above the Tuesday close or at least over 3.50 on pull backs to remain viable as a long, aside from any early noise.
GSI
Red floater scan return. Idea is to play for more, real down side on day 2. Ended up over 0.5% on Tuesday via a gap up that closed below the open after many, mostly up days. Stops just above 1.40 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. Strong buy volume on Tuesday which means it may have decent chances for shorts. Avoid all longs and big gaps, especially large gap downs. No A/H quote.
ANR
B/O scan. I like it long back over 7.50 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Tuesday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Tuesday 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 7.25 on fails after trigger entrance advisable. Early r/g buy?
ABFS
Bullish Engulfing. I like this long over the high (8.53) of Tuesday. Moderate volume on the rise, which is a neutral 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 Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is likely too far away to use for stops. Ideally stays above 8.25 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
APPY
In play both ways. I like this long over 2 and short on a fall fail back under 2 or a rebuffed attempt. Big buy volume today not a plus here. Avoid all big gaps. The easiest play will be a flat or nominally up/down debut that challenges 2 successfully, and overtakes the trigger price. Or the same with a ceiling at 2. Any gap over 2 needs to be played carefully. If it's just over, and holds on a test and perks off, longs are in play. If it does not hold the floor, a short is. As usual, heavy volume spikes up or down are scalp bait with discretion. Low float with short squeeze risk. Short also below 1.80 or more conservatively 1.75. Up over 2.5% A/H.
LZB
Hammer scan short. The tail is arguably not too long to use the low as a stop level unless the position is large. Can use a bit over today's close for risk control. Trigger is below the low of last time, here under 15.05/holds. Avoid all big gaps, especially down ones. No A/H quote. If it gaps under the trigger let it test/hold/fall from there 1st before entering. No longs. The idea is to play for a 15 fail as the floor. Stop above today's high at the most if more aggressive.
New users: Read my trading guide for my play set-ups!
Review my blog at Investimonials:
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The blog has a terms of service. Be sure to read it at:
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Another big up day on bigger volume. Supernovae still maturing. See my previous comments, mostly still applicable. Possible top at 0.75 or even a buck, short confirmed weakness cues if looking for less risk.
HOV
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 3.60) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume fairly strong Tuesday, a suspect sign for new buys. Needs to keep above the Tuesday close or at least over 3.50 on pull backs to remain viable as a long, aside from any early noise.
GSI
Red floater scan return. Idea is to play for more, real down side on day 2. Ended up over 0.5% on Tuesday via a gap up that closed below the open after many, mostly up days. Stops just above 1.40 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. Strong buy volume on Tuesday which means it may have decent chances for shorts. Avoid all longs and big gaps, especially large gap downs. No A/H quote.
ANR
B/O scan. I like it long back over 7.50 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Tuesday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Tuesday 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 7.25 on fails after trigger entrance advisable. Early r/g buy?
ABFS
Bullish Engulfing. I like this long over the high (8.53) of Tuesday. Moderate volume on the rise, which is a neutral 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 Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is likely too far away to use for stops. Ideally stays above 8.25 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
APPY
In play both ways. I like this long over 2 and short on a fall fail back under 2 or a rebuffed attempt. Big buy volume today not a plus here. Avoid all big gaps. The easiest play will be a flat or nominally up/down debut that challenges 2 successfully, and overtakes the trigger price. Or the same with a ceiling at 2. Any gap over 2 needs to be played carefully. If it's just over, and holds on a test and perks off, longs are in play. If it does not hold the floor, a short is. As usual, heavy volume spikes up or down are scalp bait with discretion. Low float with short squeeze risk. Short also below 1.80 or more conservatively 1.75. Up over 2.5% A/H.
LZB
Hammer scan short. The tail is arguably not too long to use the low as a stop level unless the position is large. Can use a bit over today's close for risk control. Trigger is below the low of last time, here under 15.05/holds. Avoid all big gaps, especially down ones. No A/H quote. If it gaps under the trigger let it test/hold/fall from there 1st before entering. No longs. The idea is to play for a 15 fail as the floor. Stop above today's high at the most if more aggressive.
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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