ABHD
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 1.10) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume large Friday, a poor sign for new buys. Needs to keep above the Friday close or at least over 1 on pull backs to remain viable as a long, aside from any early noise. Nice move over 1+ on the daily chart. OTC stock.
PTNT
Red floater scan return. Idea is to play for more, real down side on day 2. Closed up 2.5% on Friday off a gap up that ended below the debut. Stop above the previous day session high (4.34) 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 fair chances to work. A 4 fail would be ideal. No A/H quote. Avoid all big gaps/longs.
GRPN
B/O scan. I like it long back over 5.37 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 on fails after trigger entry advisable. Early r/g buy?
ASIA
Bullish Engulfing. I like this long over the high (10.84) of Friday. 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is likely not too far away to use for stops. Ideally stays above 10.65 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
INWK
Once again, see my previous comments. This ended down less than 0.5% and still seems over extended. Short below 14.25ish. Stop just over 14.58. No A/H quote.
CYDY
In play both ways. I like this long over 1.58 and short on a fall fail back under 1.50 or a rebuffed attempt. Could use a bit more volume. Avoid all big gaps. The easiest play will be a flat or nominally up/down debut that challenges 1.58 successfully, and overtakes the trigger price. Or the same with a ceiling at 1.50. Any gap over 1.58 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. Pinkie.
EXTR
Bearish Engulfing. I like it short below the low (3.48) of Friday. Medium volume on the drop, which is a neutral sign for new sellers. Keep flat on real strength aside from a typical green to red move, etc. Stops just above the high last time or the initial 30 minute one on Monday. More conservatively a stop placed above Friday's close, too. The high on that day is arguably too far away to use for risk control via stops. Ideally keeps under 3.60ish on any pull ups to remain viable as a short. Avoid all big gaps/longs.
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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 1.10) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume large Friday, a poor sign for new buys. Needs to keep above the Friday close or at least over 1 on pull backs to remain viable as a long, aside from any early noise. Nice move over 1+ on the daily chart. OTC stock.
PTNT
Red floater scan return. Idea is to play for more, real down side on day 2. Closed up 2.5% on Friday off a gap up that ended below the debut. Stop above the previous day session high (4.34) 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 fair chances to work. A 4 fail would be ideal. No A/H quote. Avoid all big gaps/longs.
GRPN
B/O scan. I like it long back over 5.37 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 on fails after trigger entry advisable. Early r/g buy?
ASIA
Bullish Engulfing. I like this long over the high (10.84) of Friday. 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is likely not too far away to use for stops. Ideally stays above 10.65 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
INWK
Once again, see my previous comments. This ended down less than 0.5% and still seems over extended. Short below 14.25ish. Stop just over 14.58. No A/H quote.
CYDY
In play both ways. I like this long over 1.58 and short on a fall fail back under 1.50 or a rebuffed attempt. Could use a bit more volume. Avoid all big gaps. The easiest play will be a flat or nominally up/down debut that challenges 1.58 successfully, and overtakes the trigger price. Or the same with a ceiling at 1.50. Any gap over 1.58 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. Pinkie.
EXTR
Bearish Engulfing. I like it short below the low (3.48) of Friday. Medium volume on the drop, which is a neutral sign for new sellers. Keep flat on real strength aside from a typical green to red move, etc. Stops just above the high last time or the initial 30 minute one on Monday. More conservatively a stop placed above Friday's close, too. The high on that day is arguably too far away to use for risk control via stops. Ideally keeps under 3.60ish on any pull ups to remain viable as a short. Avoid all big gaps/longs.
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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