ACAD
First red day Supernovae. Finished red by over 5% last time, so more down side might be realistic. If it had fallen much more than 10% then less could be expected as plausible. Always watch day 2 of a busted one. The plan is to play for more reddening on day 2. Conditional entry. A flat, nominally green or red open that immediately sells off on heavy volume or sports traditional confirmed weakness cues is a fade entry. Keep flat on high volume greening or strength, especially early. This is moderately likely given the middling degree of reddening on Wednesday. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action, like trading above the opening price level. Avoid spike up long scalps, too. Volume declining, which is not bad news for shorts. A big gap down is a complicating factor.
BFCF
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 1.43) and holds. Avoid shorts, keep flat on true weakness. Nice move above 1.30 Needs to keep above the Wednesday close, or at least above 1.30 on pull backs to remain viable as a long, aside from any early noise.
SCS
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 (11.47) 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. Moderate buy volume on Wednesday means it might have tepid chances to work. An 11.50 fail would be ideal. No A/H quote shift. Avoid all big gaps/longs. Gate dump?
WIN
B/O scan. I like it long back over 8.47 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 maybe not 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 8.30 on fails after trigger entry is advisable. Early r/g buy?
TROX
Bullish Engulfing. I like this long over 15.54/holds. Moderate volume on the rise, which is a tepid 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 Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is arguably a bit too far away to use for stops. Ideally stays above 15.19 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote.
RTLX
In play both ways. 1st as a long on sustained moves above 30/holds. Or as a scalp buy on spiking up at or near the bell. 2nd as a short on a test/fail at 30 as a ceiling or on the same below 29.50/holds. Or as a scalp sell on spike downs at or near the gun. Avoid all big gaps. Up a tad A/H. Acquire news catalyst today.
CBPO
I like this short on over extension on a gap and crap top fish or better a fall fail back under 15.50/holds. Avoid big gap downs. Also short on confirmed weakness cues or panic dumps at any time, possibly scalping. No A/H quote. Keep in mind many plays like this go on longer than is rational; it would not surprise me if it overtakes 15.50 and keeps going a bit. Stops above today's high at worst. Modest float, be aware.
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First red day Supernovae. Finished red by over 5% last time, so more down side might be realistic. If it had fallen much more than 10% then less could be expected as plausible. Always watch day 2 of a busted one. The plan is to play for more reddening on day 2. Conditional entry. A flat, nominally green or red open that immediately sells off on heavy volume or sports traditional confirmed weakness cues is a fade entry. Keep flat on high volume greening or strength, especially early. This is moderately likely given the middling degree of reddening on Wednesday. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action, like trading above the opening price level. Avoid spike up long scalps, too. Volume declining, which is not bad news for shorts. A big gap down is a complicating factor.
BFCF
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 1.43) and holds. Avoid shorts, keep flat on true weakness. Nice move above 1.30 Needs to keep above the Wednesday close, or at least above 1.30 on pull backs to remain viable as a long, aside from any early noise.
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 (11.47) 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. Moderate buy volume on Wednesday means it might have tepid chances to work. An 11.50 fail would be ideal. No A/H quote shift. Avoid all big gaps/longs. Gate dump?
WIN
B/O scan. I like it long back over 8.47 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 maybe not 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 8.30 on fails after trigger entry is advisable. Early r/g buy?
TROX
Bullish Engulfing. I like this long over 15.54/holds. Moderate volume on the rise, which is a tepid 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 Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is arguably a bit too far away to use for stops. Ideally stays above 15.19 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote.
RTLX
In play both ways. 1st as a long on sustained moves above 30/holds. Or as a scalp buy on spiking up at or near the bell. 2nd as a short on a test/fail at 30 as a ceiling or on the same below 29.50/holds. Or as a scalp sell on spike downs at or near the gun. Avoid all big gaps. Up a tad A/H. Acquire news catalyst today.
CBPO
I like this short on over extension on a gap and crap top fish or better a fall fail back under 15.50/holds. Avoid big gap downs. Also short on confirmed weakness cues or panic dumps at any time, possibly scalping. No A/H quote. Keep in mind many plays like this go on longer than is rational; it would not surprise me if it overtakes 15.50 and keeps going a bit. Stops above today's high at worst. Modest float, be aware.
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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