TFER
Supernovae, still maturing. See my previous comments, mostly still applicable. Closed up another 9% today on a bit less but still decent buy volume. Hopefully a 1 crack tomorrow, but keep stops reasonable.
SATC
New Supernovae scan return. A 4 of 5 days move up which closed below the highs and above the open. Volume strong most days, today too. 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 Thursday 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 0.40 fail of some kind may prove pivotal. No A/H quote.
CHC
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 2.78) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume strong Wednesday, a weak sign for new buys. Needs to keep above the Wednesday close or at least over 2.50 on pull backs to remain viable as a long, aside from any early noise.
DCIX
B/O scan. I like it long back over 5.90 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 not too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Medium volume on the rise, a neutral sign for new buys. No A/H quote. Exiting below 5.80 on fails after trigger entry is advised. Early r/g?
FTR
Bullish Engulfing. I like this long over 4.68/holds. Low volume on the rise, which is a fair 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 not too far away to use for stops. Ideally stays above 4.60 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
LVLT
Hammer scan long. The tail is arguably too long to use the low as a stop level unless the position is very modest. Use the previous session close alternatively instead. Trigger is above the high of last time, here above 22.19/holds. Avoid all big gaps, especially up ones. 22+ is the ticket. No A/H quote. If it gaps over the trigger or 22 let it test/hold/perk 1st before entering. No shorts, keep flat on redness.
PURE
I like this long on more upside over 1.20/holds. Or on spike ups at or near the bell as a scalp. Or on consistent moves above the open after the noise candle. No shorts. Stop under 1.13. Any 1 fail is certainly an exit. No A/H quote. Avoid all big gaps. Might see another day out of this, after today's low volume rise.
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Supernovae, still maturing. See my previous comments, mostly still applicable. Closed up another 9% today on a bit less but still decent buy volume. Hopefully a 1 crack tomorrow, but keep stops reasonable.
SATC
New Supernovae scan return. A 4 of 5 days move up which closed below the highs and above the open. Volume strong most days, today too. 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 Thursday 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 0.40 fail of some kind may prove pivotal. No A/H quote.
CHC
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 2.78) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume strong Wednesday, a weak sign for new buys. Needs to keep above the Wednesday close or at least over 2.50 on pull backs to remain viable as a long, aside from any early noise.
DCIX
B/O scan. I like it long back over 5.90 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 not too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Medium volume on the rise, a neutral sign for new buys. No A/H quote. Exiting below 5.80 on fails after trigger entry is advised. Early r/g?
FTR
Bullish Engulfing. I like this long over 4.68/holds. Low volume on the rise, which is a fair 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 not too far away to use for stops. Ideally stays above 4.60 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
LVLT
Hammer scan long. The tail is arguably too long to use the low as a stop level unless the position is very modest. Use the previous session close alternatively instead. Trigger is above the high of last time, here above 22.19/holds. Avoid all big gaps, especially up ones. 22+ is the ticket. No A/H quote. If it gaps over the trigger or 22 let it test/hold/perk 1st before entering. No shorts, keep flat on redness.
PURE
I like this long on more upside over 1.20/holds. Or on spike ups at or near the bell as a scalp. Or on consistent moves above the open after the noise candle. No shorts. Stop under 1.13. Any 1 fail is certainly an exit. No A/H quote. Avoid all big gaps. Might see another day out of this, after today's low volume rise.
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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