FFI
New Supernovae scan return. A roughly 4 day move up which closed under the highs and above the open. Volume increasingly big the past 2 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. A 0.32 fail of some kind may prove pivotal.
CYTX
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 4.84) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume formidable Friday, a suspect sign for new buys. Needs to keep above the Friday close or at least over 4.55 on pull backs to remain viable as a long, aside from any early noise.
DUSA
Red floater scan return. Idea is to play for more down side on day 2. Closed down almost 1.5% on Friday off a gap up that ended below the debut. Stop above the previous day session high (7.33) to cap losses on head fake fade entries. More conservatively, stop above the close on Friday 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. Decent sell volume on Friday means it might have suspect chances to work. An 7 fail would be ideal. No AH quote. Avoid all big gaps and longs.
CCO
B/O scan. I like it long back over 6.05 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Friday or the 1st 30 minute low of Monday. Avoid all shorts and all big gaps. The low on Friday is 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. Exiting below 5.75 on fails after trigger entrance advisable. 6+ is the ticket Early r/g buy?
UAM
Bullish Engulfing. I like this long over the high (9.30) of Friday. 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 9 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
NFJ
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is very large. Use the previous session open alternatively instead. Trigger is above the high of last time, here above 16.85/holds. Avoid all big gap, especially up ones. 17+ is the ticket. No A/H quote. If it gaps over the trigger or 17 let it test/hold/perk 1st before entering. No shorts, keep flat on redness.
EDU
A 2 way optional play scheme. 1st, a potential B/O over 15.20 (more aggressively over 15/holds) as a long. 2nd, as a fall fail top fish short with a ceiling at 15. Could go either way. Spike up buy scalps over 15 possible, and sell off dumps at 15 short scalps are as well. If it gaps over the trigger or over/under 15 let a test/perk/drop happen before buying or fading. No A/H quote. Low volume rise might narrowly favor buys.
New users: Read my trading guide for my play set-ups!
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The blog has a terms of service. Be sure to read it at:
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New Supernovae scan return. A roughly 4 day move up which closed under the highs and above the open. Volume increasingly big the past 2 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. A 0.32 fail of some kind may prove pivotal.
CYTX
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 4.84) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume formidable Friday, a suspect sign for new buys. Needs to keep above the Friday close or at least over 4.55 on pull backs to remain viable as a long, aside from any early noise.
DUSA
Red floater scan return. Idea is to play for more down side on day 2. Closed down almost 1.5% on Friday off a gap up that ended below the debut. Stop above the previous day session high (7.33) to cap losses on head fake fade entries. More conservatively, stop above the close on Friday 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. Decent sell volume on Friday means it might have suspect chances to work. An 7 fail would be ideal. No AH quote. Avoid all big gaps and longs.
CCO
B/O scan. I like it long back over 6.05 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Friday or the 1st 30 minute low of Monday. Avoid all shorts and all big gaps. The low on Friday is 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. Exiting below 5.75 on fails after trigger entrance advisable. 6+ is the ticket Early r/g buy?
UAM
Bullish Engulfing. I like this long over the high (9.30) of Friday. 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 9 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
NFJ
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is very large. Use the previous session open alternatively instead. Trigger is above the high of last time, here above 16.85/holds. Avoid all big gap, especially up ones. 17+ is the ticket. No A/H quote. If it gaps over the trigger or 17 let it test/hold/perk 1st before entering. No shorts, keep flat on redness.
EDU
A 2 way optional play scheme. 1st, a potential B/O over 15.20 (more aggressively over 15/holds) as a long. 2nd, as a fall fail top fish short with a ceiling at 15. Could go either way. Spike up buy scalps over 15 possible, and sell off dumps at 15 short scalps are as well. If it gaps over the trigger or over/under 15 let a test/perk/drop happen before buying or fading. No A/H quote. Low volume rise might narrowly favor buys.
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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