GOK
Supernovae, still maturing. See my previous comments for entry/exit/trade management tips, mostly still in effect. Peak volume today on another big rise. 0.60 fail ideal or 0.70 since it's up A/H over 9.5% now.
ACAD
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 2.52) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume formidable Wednesday, a suspect sign for new buys. Needs to keep above the Wednesday close or at least over 2.40 on pull backs to remain viable as a long, aside from any early noise.
SREV
B/O scan. I like it long back over 10 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 too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Moderate volume on the rise, a neutral sign for new buys. No A/H quote shift. Exiting below 9.80 on fails after trigger entrance advisable. Early r/g buy?
COOL
Bullish Engulfing. I like this long over the high (1.37) of Wednesday. 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 Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is arguably not too far away to use for stops. Ideally stays above 1.30 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
KTOS
Red floater scan return. Idea is to play for more down side on day 2. Closed down almost 0.5% on Wednesday off a gap up that ended below the debut. Stop above the previous day session high (6.08) to cap losses on head fake fade entries. More conservatively, stop above the close on Wednesday 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 Wednesday means it might have fair chances to work. An 6 fail would be ideal. No AH quote change. Avoid all big gaps and longs.
ZERO
In play both ways. I like this long over 1.57 and short on a fall fail back under 1.50 or a rebuffed attempt. Avoid all big gaps. The easiest play will be a flat or nominally up/down debut that challenges 1.57 successfully, and overtakes the trigger price. Or the same with a ceiling at 1.50. Any gap over 1.50 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. OTC, use caution.
KBALB
Hammer scan short. The tail is arguably not too long to use the high as a stop level unless the position is large. Price resistance is on the daily chart right at 13. Use a bit over today's close for risk control. Trigger is below the low of last time, here under 12.69/holds. Avoid all big gaps, especially down ones. No A/H quote shift. If it gaps under the trigger let it test/hold/fall from there 1st before entering. No longs. Stop just over 13.
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Supernovae, still maturing. See my previous comments for entry/exit/trade management tips, mostly still in effect. Peak volume today on another big rise. 0.60 fail ideal or 0.70 since it's up A/H over 9.5% now.
ACAD
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 2.52) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume formidable Wednesday, a suspect sign for new buys. Needs to keep above the Wednesday close or at least over 2.40 on pull backs to remain viable as a long, aside from any early noise.
SREV
B/O scan. I like it long back over 10 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 too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Moderate volume on the rise, a neutral sign for new buys. No A/H quote shift. Exiting below 9.80 on fails after trigger entrance advisable. Early r/g buy?
COOL
Bullish Engulfing. I like this long over the high (1.37) of Wednesday. 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 Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is arguably not too far away to use for stops. Ideally stays above 1.30 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
KTOS
Red floater scan return. Idea is to play for more down side on day 2. Closed down almost 0.5% on Wednesday off a gap up that ended below the debut. Stop above the previous day session high (6.08) to cap losses on head fake fade entries. More conservatively, stop above the close on Wednesday 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 Wednesday means it might have fair chances to work. An 6 fail would be ideal. No AH quote change. Avoid all big gaps and longs.
ZERO
In play both ways. I like this long over 1.57 and short on a fall fail back under 1.50 or a rebuffed attempt. Avoid all big gaps. The easiest play will be a flat or nominally up/down debut that challenges 1.57 successfully, and overtakes the trigger price. Or the same with a ceiling at 1.50. Any gap over 1.50 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. OTC, use caution.
KBALB
Hammer scan short. The tail is arguably not too long to use the high as a stop level unless the position is large. Price resistance is on the daily chart right at 13. Use a bit over today's close for risk control. Trigger is below the low of last time, here under 12.69/holds. Avoid all big gaps, especially down ones. No A/H quote shift. If it gaps under the trigger let it test/hold/fall from there 1st before entering. No longs. Stop just over 13.
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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