NTE
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 15.85) and holds. Avoid shorts, keep flat on true weakness. Nice move above 15. Needs to keep above the Monday close, or at least above 15 on pull backs to remain viable as a long, aside from any early noise.
MDXG
Red floater scan return. Idea is to play for more, real down side on day 2. Closed up on Monday less than 0.5% off a gap up that ended below the debut. Stop above the Monday session high (3.56) to cap losses on head fake fade entries. More conservatively, stop above the open on Monday 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 Monday means it might have tepid chances to work. A 3.50 fail would be ideal. Avoid all big gaps/longs. Gate dump?
STEC
B/O scan. I like it long back over 4.99 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday 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. Modest volume on the rise, a decent sign for new buys. No A/H quote shift. Exiting below 4.80 on fails after trigger entry is advisable. Early r/g buy?
TE
Bullish Engulfing. I like this long over 16.49/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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is likely not too far away to use for stops. Ideally stays above 16.21 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote shift.
KGN
Bearish Engulfing. I like it short below the low (3.98) of Monday. Modest sell 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 Tuesday. More conservatively a stop placed above Monday's close, too. The high on that day is probably too far away to use for risk control via stops. Ideally keeps under 4.10ish on any pull ups to remain viable as a short. Avoid all big gaps/longs.
CVA
Hammer scan short. The tail is arguably not too long to use the high as a stop level unless the position is very large. Can use a bit over Monday's close for risk control. Trigger is below the low of last time, here under 18.04/holds. Avoid all big gaps, especially down ones. Down A/H a teeny tad. 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 18 fail as the floor. Stop above Monday's high at the most if more aggressive.
CBAK
I like this short on a fall fail at around 3 in a top fish (it's up over 5.5% AH to 2.80 currently) or on a fall fail at around 2.50. No longs. Avoid all big gaps. Let it test/hold/fall 1st to enter. A crappy firm with lots of bag holders looking to get out, but low float so set tight stops just above 3 if top fishing and just under 2.50 if flooring it. Also a short on scalp sells at or near the gun via spiking down.
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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 15.85) and holds. Avoid shorts, keep flat on true weakness. Nice move above 15. Needs to keep above the Monday close, or at least above 15 on pull backs to remain viable as a long, aside from any early noise.
MDXG
Red floater scan return. Idea is to play for more, real down side on day 2. Closed up on Monday less than 0.5% off a gap up that ended below the debut. Stop above the Monday session high (3.56) to cap losses on head fake fade entries. More conservatively, stop above the open on Monday 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 Monday means it might have tepid chances to work. A 3.50 fail would be ideal. Avoid all big gaps/longs. Gate dump?
STEC
B/O scan. I like it long back over 4.99 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday 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. Modest volume on the rise, a decent sign for new buys. No A/H quote shift. Exiting below 4.80 on fails after trigger entry is advisable. Early r/g buy?
TE
Bullish Engulfing. I like this long over 16.49/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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is likely not too far away to use for stops. Ideally stays above 16.21 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote shift.
KGN
Bearish Engulfing. I like it short below the low (3.98) of Monday. Modest sell 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 Tuesday. More conservatively a stop placed above Monday's close, too. The high on that day is probably too far away to use for risk control via stops. Ideally keeps under 4.10ish on any pull ups to remain viable as a short. Avoid all big gaps/longs.
CVA
Hammer scan short. The tail is arguably not too long to use the high as a stop level unless the position is very large. Can use a bit over Monday's close for risk control. Trigger is below the low of last time, here under 18.04/holds. Avoid all big gaps, especially down ones. Down A/H a teeny tad. 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 18 fail as the floor. Stop above Monday's high at the most if more aggressive.
CBAK
I like this short on a fall fail at around 3 in a top fish (it's up over 5.5% AH to 2.80 currently) or on a fall fail at around 2.50. No longs. Avoid all big gaps. Let it test/hold/fall 1st to enter. A crappy firm with lots of bag holders looking to get out, but low float so set tight stops just above 3 if top fishing and just under 2.50 if flooring it. Also a short on scalp sells at or near the gun via spiking down.
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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