TAGG
Supernovae still maturing. See my previous comments, still in effect for play management tips, etc. It rose over 3% on ever lessening volume.
BLDR
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 6.05) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume strong Thursday, a weak sign for new buys. Needs to keep above the Thursday close or at least over 5.75 on pull backs to remain viable as a long, aside from any early noise. Up A/H a bit.
ACET
Red floater scan return. Idea is to play for more down side on day 2. Closed red by a hair on Thursday off a gap up that ended below the debut. Stop above the previous day session high (10.26) 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. Big sell volume on Thursday means it might have suspect chances to work. A 10 fail would be ideal. Avoid all big gaps/longs. Down A/H a tad. 10 fail or gate dump?
OCZ
B/O scan. I like it long back over 1.63 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 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. Up A/H over 2.5%. Exiting below 1.50 on fails after trigger entry is advisable. 1.60+ ideal. Early r/g buy?
SVNT
Bullish Engulfing. I like this long over 1.81/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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is too far away to use for stops. Ideally stays above 1.70 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
OZM
Hammer scan short. The tail is arguably not too long to use the low as a stop level unless the position is very sizable. Can use a bit over today's close for risk control. Trigger is below the low of last time, here under 9.98/holds. Avoid all big gaps, especially down ones. No A/H quote. If it gaps under the trigger let it test/hold/fall from there 1st before entering. No longs. The idea is to play for a 10 fail as the floor. Stop above today's high at the most if more aggressive.
AEZS
A modest float stock that I like long over 2.25/holds. If it can keep creeping up we might see at least a 2nd day out of this. Avoid all big gaps and shorts. No A/H quote. Set a stop now lower than just under 2.12 or more conservatively under 2.20ish.
New users: Read my trading guide for my play set-ups!
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The blog has a terms of service. Be sure to read it at:
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Supernovae still maturing. See my previous comments, still in effect for play management tips, etc. It rose over 3% on ever lessening volume.
BLDR
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 6.05) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume strong Thursday, a weak sign for new buys. Needs to keep above the Thursday close or at least over 5.75 on pull backs to remain viable as a long, aside from any early noise. Up A/H a bit.
ACET
Red floater scan return. Idea is to play for more down side on day 2. Closed red by a hair on Thursday off a gap up that ended below the debut. Stop above the previous day session high (10.26) 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. Big sell volume on Thursday means it might have suspect chances to work. A 10 fail would be ideal. Avoid all big gaps/longs. Down A/H a tad. 10 fail or gate dump?
OCZ
B/O scan. I like it long back over 1.63 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 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. Up A/H over 2.5%. Exiting below 1.50 on fails after trigger entry is advisable. 1.60+ ideal. Early r/g buy?
SVNT
Bullish Engulfing. I like this long over 1.81/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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is too far away to use for stops. Ideally stays above 1.70 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
OZM
Hammer scan short. The tail is arguably not too long to use the low as a stop level unless the position is very sizable. Can use a bit over today's close for risk control. Trigger is below the low of last time, here under 9.98/holds. Avoid all big gaps, especially down ones. No A/H quote. If it gaps under the trigger let it test/hold/fall from there 1st before entering. No longs. The idea is to play for a 10 fail as the floor. Stop above today's high at the most if more aggressive.
AEZS
A modest float stock that I like long over 2.25/holds. If it can keep creeping up we might see at least a 2nd day out of this. Avoid all big gaps and shorts. No A/H quote. Set a stop now lower than just under 2.12 or more conservatively under 2.20ish.
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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