SATC
Supernovae, still maturing. See my previous comments, which are identical to last time since it finished unchanged on Friday, and is in play for Monday.
TAGG
Supernovae, still maturing. Closed up almost 5% on a gap up that closed below the debut. See my previous comments for entries/exits/trade management, as these are essentially the same. Increasing buy volume.
TASR
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 8.45) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume strong Friday, a weak sign for new buys. Needs to keep above the Friday close or at least over 7.50 on pull backs to remain viable as a long, aside from any early noise. Down a tad A/H.
ADNC
B/O scan. I like it long back over 7.28 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. Modest volume on the rise, a decent sign for new buys. No A/H quote. Exiting below 7 on fails after trigger entry is advisable. Early r/g buy?
SWHC
Bullish Engulfing. I like this long over 9.73/holds. Low 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is probably too far away to use for stops. Ideally stays above 9.50 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
DCT
Hammer scan long. The tail is probably not too long to use the low as a stop level unless the position is very sizable. Use the previous session close alternatively instead. Trigger is above the high of last time, here above 6.40/holds. Avoid all big gaps, especially up ones. 6.50+ is the ticket. No A/H quote. If it gaps over the trigger or 6.50 let it test/hold/perk 1st before entering. No shorts, keep flat on redness.
OFG
Red floater scan return. Idea is to play for more down side on day 2. Closed up a bit less than 3.5% on Friday off a gap up that ended below the debut. Stop above the previous day session high (12.09) 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. Big buy volume on Friday means it might have plausible chances to work. A 12 fail would be ideal. Or one at 11.60 Avoid all big gaps/longs. 12 fail or gate dump?
Off record, watch OSTK for a long over 15.50/holds or scalp buy and as a short with that as a ceiling. Or a spike down scalp sell. This had lots of buy volume Friday and the day prior.
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Supernovae, still maturing. See my previous comments, which are identical to last time since it finished unchanged on Friday, and is in play for Monday.
TAGG
Supernovae, still maturing. Closed up almost 5% on a gap up that closed below the debut. See my previous comments for entries/exits/trade management, as these are essentially the same. Increasing buy volume.
TASR
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 8.45) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume strong Friday, a weak sign for new buys. Needs to keep above the Friday close or at least over 7.50 on pull backs to remain viable as a long, aside from any early noise. Down a tad A/H.
ADNC
B/O scan. I like it long back over 7.28 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. Modest volume on the rise, a decent sign for new buys. No A/H quote. Exiting below 7 on fails after trigger entry is advisable. Early r/g buy?
SWHC
Bullish Engulfing. I like this long over 9.73/holds. Low 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is probably too far away to use for stops. Ideally stays above 9.50 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
DCT
Hammer scan long. The tail is probably not too long to use the low as a stop level unless the position is very sizable. Use the previous session close alternatively instead. Trigger is above the high of last time, here above 6.40/holds. Avoid all big gaps, especially up ones. 6.50+ is the ticket. No A/H quote. If it gaps over the trigger or 6.50 let it test/hold/perk 1st before entering. No shorts, keep flat on redness.
OFG
Red floater scan return. Idea is to play for more down side on day 2. Closed up a bit less than 3.5% on Friday off a gap up that ended below the debut. Stop above the previous day session high (12.09) 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. Big buy volume on Friday means it might have plausible chances to work. A 12 fail would be ideal. Or one at 11.60 Avoid all big gaps/longs. 12 fail or gate dump?
Off record, watch OSTK for a long over 15.50/holds or scalp buy and as a short with that as a ceiling. Or a spike down scalp sell. This had lots of buy volume Friday and the day prior.
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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