KKD
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 9.49) and holds. Avoid shorts, keep flat on true weakness. Nice move above 8.75. Needs to keep above the Monday close, or at least above 9 on pull backs to remain viable as a long, aside from any early noise. Down A/H nominally.
CALI
Analysis is similar to that for an initial red session Supernovae. This one rebounded today, but closed higher than the the finish of the 1st red day for it, on 11/16/12. Treat it as such, referring to my previous comments slated for the session of the 19th. Down over 1.5% A/H. Obey stops and longs. 5 or 4.50 fail ideal here.
TTWO
Red floater scan return. Idea is to play for more down side on day 2. Closed down on Tuesday about 1% off a gap down that ended below the debut. Stop above the Monday session high (12.47) to cap losses on head fake fade entries. More conservatively, stop above the close on Tuesday 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 sell volume on Tuesday means it might have unclear chances to work. A 12.35 fail would be ideal. No A/H quote shift. Avoid all big gaps/longs. Gate dump?
CORT
B/O scan. I like it long back over 1.41 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Tuesday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Tuesday is arguably too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Decent volume on the rise, a suspect sign for new buys. No A/H quote shift. Exiting below 1.35 on fails after trigger entry is advisable. Early r/g buy?
IRDM
Bullish Engulfing. I like this long over 5.72/holds. Modest volume on the rise, which is a fair 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 Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 5.60 on pull backs to remain viable as a long if it triggers. No big gaps/shorts or A/H quote.
FES
Hammer scan long. The tail is too long to use the low as a stop level unless the position is very modest. Use the previous session open alternatively instead. Trigger is above the high of last time, here above 2.10/holds. Avoid all big gaps, especially up ones. 2+ is the ticket. No A/H quote. If it gaps over the trigger or 2 let it test/hold/perk 1st before entering. No shorts, keep flat on redness.
THQI
Low float number I hope to gain some gravy on. I like this long back over 1.28/holds. No shorts. Up A/H over 1.5%. If it gaps over the trigger let it test/hold/perk 1st before entry. Stops under 1.15ish. Advanced over 11.5% on rather modest volume today. Short squeeze potential.
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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 9.49) and holds. Avoid shorts, keep flat on true weakness. Nice move above 8.75. Needs to keep above the Monday close, or at least above 9 on pull backs to remain viable as a long, aside from any early noise. Down A/H nominally.
CALI
Analysis is similar to that for an initial red session Supernovae. This one rebounded today, but closed higher than the the finish of the 1st red day for it, on 11/16/12. Treat it as such, referring to my previous comments slated for the session of the 19th. Down over 1.5% A/H. Obey stops and longs. 5 or 4.50 fail ideal here.
TTWO
Red floater scan return. Idea is to play for more down side on day 2. Closed down on Tuesday about 1% off a gap down that ended below the debut. Stop above the Monday session high (12.47) to cap losses on head fake fade entries. More conservatively, stop above the close on Tuesday 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 sell volume on Tuesday means it might have unclear chances to work. A 12.35 fail would be ideal. No A/H quote shift. Avoid all big gaps/longs. Gate dump?
CORT
B/O scan. I like it long back over 1.41 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Tuesday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Tuesday is arguably too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Decent volume on the rise, a suspect sign for new buys. No A/H quote shift. Exiting below 1.35 on fails after trigger entry is advisable. Early r/g buy?
IRDM
Bullish Engulfing. I like this long over 5.72/holds. Modest volume on the rise, which is a fair 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 Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 5.60 on pull backs to remain viable as a long if it triggers. No big gaps/shorts or A/H quote.
FES
Hammer scan long. The tail is too long to use the low as a stop level unless the position is very modest. Use the previous session open alternatively instead. Trigger is above the high of last time, here above 2.10/holds. Avoid all big gaps, especially up ones. 2+ is the ticket. No A/H quote. If it gaps over the trigger or 2 let it test/hold/perk 1st before entering. No shorts, keep flat on redness.
THQI
Low float number I hope to gain some gravy on. I like this long back over 1.28/holds. No shorts. Up A/H over 1.5%. If it gaps over the trigger let it test/hold/perk 1st before entry. Stops under 1.15ish. Advanced over 11.5% on rather modest volume today. Short squeeze potential.
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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