MEIP
Again, see my previous comments. Rose again on big volume, now over 1.50. Still angling for a fade, no possibly back under 1.50. A Supernovae with new life, but keep an eye on it. Respect stops.
NVGN
Again, see my previous comments. Rose over 6 on modest volume, so it's more iffy likely the the above play I expect. Another Supernovae with new life, this one might fall fail back under 6. What a run. Respect stops.
VIPS
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 13.96) and holds. No A/H quote. Avoid shorts, keep flat on true weakness. Nice move above 12. Needs to keep above the Wednesday close, or at least above 12 on pull backs to remain viable as a long, aside from any early noise.
CLSN
Red floater scan return. Idea is to play for more, real down side on day 2. Closed up on Wednesday off a gap up that ended below the debut. Stop above the Wednesday session high (5.72) to cap losses on head fake fade entries. More conservatively, stop above the close on Wednesday 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. Medium buy volume on Wednesday means it might have unclear chances to work. A 5.50 fail would be ideal. Up A/H over 1.5%. Avoid all big gaps/longs. Gate dump?
SYNC
B/O scan. I like it long back over 5.33 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 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 tepid sign for new buys. No A/H shift. Exiting below 5 on fails after trigger entry is advisable. Early r/g buy?
WOOF
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is very large. Use the previous session close alternatively instead. Trigger is above the high of last time, here above 18.98/holds. Avoid all big gaps, especially up ones. 19+ is the ticket. No A/H quote shift. If it gaps over the trigger or 19 let it test/hold/perk 1st before entering. No shorts, keep flat on redness.
EXAS
Bearish Engulfing. I like it short below the low (8.89) of Wednesday. Small volume on the drop, which is a fair 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 Thursday. More conservatively a stop placed above Wednesday's close, too. The high on that day is arguably not too far away to use for risk control via stops. Ideally keeps under 9ish on any pull ups to remain viable as a short. Avoid all big gaps/longs. 8.87 fail ideal.
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Again, see my previous comments. Rose again on big volume, now over 1.50. Still angling for a fade, no possibly back under 1.50. A Supernovae with new life, but keep an eye on it. Respect stops.
NVGN
Again, see my previous comments. Rose over 6 on modest volume, so it's more iffy likely the the above play I expect. Another Supernovae with new life, this one might fall fail back under 6. What a run. Respect stops.
VIPS
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 13.96) and holds. No A/H quote. Avoid shorts, keep flat on true weakness. Nice move above 12. Needs to keep above the Wednesday close, or at least above 12 on pull backs to remain viable as a long, aside from any early noise.
CLSN
Red floater scan return. Idea is to play for more, real down side on day 2. Closed up on Wednesday off a gap up that ended below the debut. Stop above the Wednesday session high (5.72) to cap losses on head fake fade entries. More conservatively, stop above the close on Wednesday 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. Medium buy volume on Wednesday means it might have unclear chances to work. A 5.50 fail would be ideal. Up A/H over 1.5%. Avoid all big gaps/longs. Gate dump?
SYNC
B/O scan. I like it long back over 5.33 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 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 tepid sign for new buys. No A/H shift. Exiting below 5 on fails after trigger entry is advisable. Early r/g buy?
WOOF
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is very large. Use the previous session close alternatively instead. Trigger is above the high of last time, here above 18.98/holds. Avoid all big gaps, especially up ones. 19+ is the ticket. No A/H quote shift. If it gaps over the trigger or 19 let it test/hold/perk 1st before entering. No shorts, keep flat on redness.
EXAS
Bearish Engulfing. I like it short below the low (8.89) of Wednesday. Small volume on the drop, which is a fair 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 Thursday. More conservatively a stop placed above Wednesday's close, too. The high on that day is arguably not too far away to use for risk control via stops. Ideally keeps under 9ish on any pull ups to remain viable as a short. Avoid all big gaps/longs. 8.87 fail ideal.
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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