BIOF
Supernovae, still maturing. Rose another 13%+ today on declining modestly volume. See my previous comments, mostly still applicable for entry/exit/trade management angles. Down A/H almost 3%. Ripening.
NEXS
First red day Supernovae. Finished down almost 18.5% last time, so more down side might not be realistic. If it had fallen much less than 10% then more 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 is fairly likely given the large degree of reddening today. 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. Avoid spike up long scalps, too. Selling volume was small, range more imposing. Mixed signals for shorts but be guarded here.
FBC
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 1.14) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume modest Monday, a fair sign for new buys. Needs to keep above the Monday close or at least over 1.10 on pull backs to remain viable as a long, aside from any early noise.
LPR
B/O scan. I like it long back over 1.50 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday is arguably 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 decent sign for new buys. No A/H quote. Exiting below 1.37 on fails after trigger entrance advisable. Early r/g buy?
CDXC
I like this short on over extension on a gap and crap top fish or better a fall fail back under 1.20/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 go on longer than reasonable; it would not surprise me if it overtakes 1.25 and keeps going a bit. Stops above today's high at worst.
MELA
Bullish Engulfing. I like this long over the high (3.34) of Monday. Modest 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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 3.24 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
KBW
Red floater scan return. Idea is to play for more down side on day 2. Closed down almost 0.5% on Monday off a gap up that ended below the debut. Stop above the previous day session high (16.70) to cap losses on head fake fade entries. More conservatively, stop above the close on Monday if it starts off net negative. I'm only into the shorting possibility if it surfaces, keeping flat on strength. Also a short on heavy volume dumps/confirmed weakness cues. Modest sell volume on Monday means it might have reasonable chances to work. An 16.50 fail would be ideal. No AH quote change. Avoid all big gaps and longs.
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Supernovae, still maturing. Rose another 13%+ today on declining modestly volume. See my previous comments, mostly still applicable for entry/exit/trade management angles. Down A/H almost 3%. Ripening.
NEXS
First red day Supernovae. Finished down almost 18.5% last time, so more down side might not be realistic. If it had fallen much less than 10% then more 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 is fairly likely given the large degree of reddening today. 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. Avoid spike up long scalps, too. Selling volume was small, range more imposing. Mixed signals for shorts but be guarded here.
FBC
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 1.14) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume modest Monday, a fair sign for new buys. Needs to keep above the Monday close or at least over 1.10 on pull backs to remain viable as a long, aside from any early noise.
LPR
B/O scan. I like it long back over 1.50 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday is arguably 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 decent sign for new buys. No A/H quote. Exiting below 1.37 on fails after trigger entrance advisable. Early r/g buy?
CDXC
I like this short on over extension on a gap and crap top fish or better a fall fail back under 1.20/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 go on longer than reasonable; it would not surprise me if it overtakes 1.25 and keeps going a bit. Stops above today's high at worst.
MELA
Bullish Engulfing. I like this long over the high (3.34) of Monday. Modest 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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 3.24 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
KBW
Red floater scan return. Idea is to play for more down side on day 2. Closed down almost 0.5% on Monday off a gap up that ended below the debut. Stop above the previous day session high (16.70) to cap losses on head fake fade entries. More conservatively, stop above the close on Monday if it starts off net negative. I'm only into the shorting possibility if it surfaces, keeping flat on strength. Also a short on heavy volume dumps/confirmed weakness cues. Modest sell volume on Monday means it might have reasonable chances to work. An 16.50 fail would be ideal. No AH quote change. Avoid all big gaps and longs.
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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