EKNL
Supernovae, still maturing. See my previous comments, mostly still applicable. Finished up about 2% today on moderate volume. May not be done yet. Stops above the high today. Pinkie.
BLOX
Bouncer bottom fish play off 20 bucks as the hopeful floor. Again, see my comments from last time, little has changed. Low sell volume again, a plus for buyers. Stops as suggested yesterday. No A/H quote.
EOPN
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 15.25) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume modest Tuesday, a fair sign for new buys. Needs to keep above the Tuesday close or at least over 15 on pull backs to remain viable as a long, aside from any early noise. No A/H quote.
FONR
Red floater scan return. Idea is to play for more down side on day 2. Closed red over 3.5% on Tuesday off a flat open that ended below the debut. Stop above the previous day session high (6.60) to cap losses on head fake fade entries. More conservatively, stop above the close on Tuesday 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 unclear chances to work. A 6 fail would be ideal. Down A/H near 0.5% to 6.04. Avoid all big gaps/longs. 6 fail or gate dump?
HGT
B/O scan. I like it long back over 7.08 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. Moderate volume on the rise, a neutral sign for new buys. No A/H quote. Exiting below 7 on fails after trigger entry might be advisable. Early r/g buy?
SPRD
Bullish Engulfing. I like this long over the high (20) of Monday. Small volume on the rise, which is a good 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 not too far away to use for stops. Ideally stays above 19.75 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote change. Exit not far under 19.50.
BSDM
In play both ways. I like this long over 2.21 and short on a fall fail back under 2 or a rebuffed attempt. Could use a bit less volume. Avoid all big gaps. The easiest play will be a flat or nominally up/down debut that challenges 2.21 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. Heavy volume spikes up or down are scalp bait with discretion. Modest float.
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Supernovae, still maturing. See my previous comments, mostly still applicable. Finished up about 2% today on moderate volume. May not be done yet. Stops above the high today. Pinkie.
BLOX
Bouncer bottom fish play off 20 bucks as the hopeful floor. Again, see my comments from last time, little has changed. Low sell volume again, a plus for buyers. Stops as suggested yesterday. No A/H quote.
EOPN
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 15.25) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume modest Tuesday, a fair sign for new buys. Needs to keep above the Tuesday close or at least over 15 on pull backs to remain viable as a long, aside from any early noise. No A/H quote.
FONR
Red floater scan return. Idea is to play for more down side on day 2. Closed red over 3.5% on Tuesday off a flat open that ended below the debut. Stop above the previous day session high (6.60) to cap losses on head fake fade entries. More conservatively, stop above the close on Tuesday 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 unclear chances to work. A 6 fail would be ideal. Down A/H near 0.5% to 6.04. Avoid all big gaps/longs. 6 fail or gate dump?
HGT
B/O scan. I like it long back over 7.08 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. Moderate volume on the rise, a neutral sign for new buys. No A/H quote. Exiting below 7 on fails after trigger entry might be advisable. Early r/g buy?
SPRD
Bullish Engulfing. I like this long over the high (20) of Monday. Small volume on the rise, which is a good 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 not too far away to use for stops. Ideally stays above 19.75 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote change. Exit not far under 19.50.
BSDM
In play both ways. I like this long over 2.21 and short on a fall fail back under 2 or a rebuffed attempt. Could use a bit less volume. Avoid all big gaps. The easiest play will be a flat or nominally up/down debut that challenges 2.21 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. Heavy volume spikes up or down are scalp bait with discretion. Modest float.
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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