IFNY
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 2.32) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume large Thursday, a poor sign for new buys. Needs to keep above the Thursday close or at least over 2.10 on pull backs to remain viable as a long, aside from any early noise. Nice move over 2+ on the daily chart. Pinkie.
CFFN
Red floater scan return. Idea is to play for more, real down side on day 2. Closed up under 0.5% on Thursday off a gap up that ended below the debut. Stop above the previous day session high (12.27) to cap losses on head fake fade entries. More conservatively, stop above the close on Thursday 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 buy volume on Thursday means it might have suspect chances to work. A 12.18 fail would be ideal. Down A/H under 0.5%. Avoid all big gaps/longs.
INWK
See my previous comments, mostly unchanged. This over extension doji printed, ending down less than 0.5% on a gap down debut. Fail fade under 14.26 or a top fish short at 14.50ish as the ceiling.
BGCP
B/O scan. I like it long back over 5.16 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Thursday or the 1st 30 minute low of Friday. Avoid all shorts and all big gaps. The low on Thursday 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. Moderate volume on the rise, a neutral sign for new buys. No A/H quote change. Exiting below 5 on fails after trigger entry advisable. Early r/g buy?
LDK
Bullish Engulfing. I like this long over the high (1.11) of Thursday. Modest volume on the rise, which is a decent 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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is likely too far away to use for stops. Ideally stays above 1.05 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
IN
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is very big. Use the previous session open alternatively. Trigger is above the high of last time, here above 6.14/holds. Avoid all big gaps, especially up ones. 6+ is the ticket. Down A/H about 0.5%. If it gaps over the trigger let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Possible early weakness r/g move to buy.
INSM
An over/under play. I like it long over 6.50/holds or on spiking up at or near the bell for a buy scalp, and short under 6 or on a dump near there as resistance. Possible spike down scalp short out of the gate. No A/H quote. Avoid all big gaps. Let it test/perk/decay on gaps over or under the planned entries. Squeezer.
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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 2.32) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume large Thursday, a poor sign for new buys. Needs to keep above the Thursday close or at least over 2.10 on pull backs to remain viable as a long, aside from any early noise. Nice move over 2+ on the daily chart. Pinkie.
CFFN
Red floater scan return. Idea is to play for more, real down side on day 2. Closed up under 0.5% on Thursday off a gap up that ended below the debut. Stop above the previous day session high (12.27) to cap losses on head fake fade entries. More conservatively, stop above the close on Thursday 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 buy volume on Thursday means it might have suspect chances to work. A 12.18 fail would be ideal. Down A/H under 0.5%. Avoid all big gaps/longs.
INWK
See my previous comments, mostly unchanged. This over extension doji printed, ending down less than 0.5% on a gap down debut. Fail fade under 14.26 or a top fish short at 14.50ish as the ceiling.
BGCP
B/O scan. I like it long back over 5.16 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Thursday or the 1st 30 minute low of Friday. Avoid all shorts and all big gaps. The low on Thursday 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. Moderate volume on the rise, a neutral sign for new buys. No A/H quote change. Exiting below 5 on fails after trigger entry advisable. Early r/g buy?
LDK
Bullish Engulfing. I like this long over the high (1.11) of Thursday. Modest volume on the rise, which is a decent 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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is likely too far away to use for stops. Ideally stays above 1.05 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
IN
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is very big. Use the previous session open alternatively. Trigger is above the high of last time, here above 6.14/holds. Avoid all big gaps, especially up ones. 6+ is the ticket. Down A/H about 0.5%. If it gaps over the trigger let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Possible early weakness r/g move to buy.
INSM
An over/under play. I like it long over 6.50/holds or on spiking up at or near the bell for a buy scalp, and short under 6 or on a dump near there as resistance. Possible spike down scalp short out of the gate. No A/H quote. Avoid all big gaps. Let it test/perk/decay on gaps over or under the planned entries. Squeezer.
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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