CWTR
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 5.85) and holds. Avoid shorts, keep flat on true weakness. Nice move above 5. Needs to keep above the Thursday close, or at least above 5.50 on pull backs to remain viable as a long, aside from any early noise.
WFR
Red floater scan return. Idea is to play for more down side on day 2. Closed down on Thursday a bit over than 1% off a gap down that ended below the debut. Stop above the Thursday session high (3.02) 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. Modest sell volume on Thursday means it might have reasonable chances to work. A 3 fail would be ideal or one at 2.90. Avoid all big gaps/longs. Gate dump?
EVER
Bullish Engulfing. I like this long over 14.41/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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is likely not too far away to use for stops. Ideally stays above 14 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote.
KEG
B/O scan. I like it long back over 6.41 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Thursday or the 1st 30 minute low of Friday. Avoid all shorts and all big gaps. The low on Thursday 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 6.30 on fails after trigger entry is advisable. Early r/g buy?
CADX
I like this short on over extension on a gap and crap top fish or better a fall fail back under 4.40/holds. Avoid big gap downs. Also short on confirmed weakness cues or panic dumps at any time, possibly scalping. Down A/H over 2%. Keep in mind many plays like this go on longer than anticipated; it would not surprise me if it overtakes 4.40 and keeps going a bit. Stops above today's high at worst. Also a fade under 4.25.
THQI
In play both ways. I like this long over 1. 58 and short on a fall fail back under 1.50 or a rebuffed attempt. Could use a bit more volume. Avoid all big gaps. The easiest play will be a flat or nominally up/down debut that challenges 1.58 successfully, and overtakes the trigger price. Or the same with a ceiling at 1.50. Any gap over 1.58 needs to be played carefully. If it's just over, and holds on a test and perks off, longs are in play. If it does not hold the floor, a short is. As usual, heavy volume spikes up or down are scalp bait with caution. Up A/H over 1%. Low float, possible short squeezer.
NVDA
Bearish Engulfing. I like it short below the low (12.00) of Thursday. Moderate sell volume on the drop, which is a tepid 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 Friday. More conservatively a stop placed above Thursday's close, too. The high on that day is probably not too far away to use for risk control via stops. Ideally keeps under 12.20ish on any pull ups to remain viable as a short. Avoid all big gaps/longs. No A/H quote shift.
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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 5.85) and holds. Avoid shorts, keep flat on true weakness. Nice move above 5. Needs to keep above the Thursday close, or at least above 5.50 on pull backs to remain viable as a long, aside from any early noise.
WFR
Red floater scan return. Idea is to play for more down side on day 2. Closed down on Thursday a bit over than 1% off a gap down that ended below the debut. Stop above the Thursday session high (3.02) 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. Modest sell volume on Thursday means it might have reasonable chances to work. A 3 fail would be ideal or one at 2.90. Avoid all big gaps/longs. Gate dump?
EVER
Bullish Engulfing. I like this long over 14.41/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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is likely not too far away to use for stops. Ideally stays above 14 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote.
KEG
B/O scan. I like it long back over 6.41 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Thursday or the 1st 30 minute low of Friday. Avoid all shorts and all big gaps. The low on Thursday 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 6.30 on fails after trigger entry is advisable. Early r/g buy?
CADX
I like this short on over extension on a gap and crap top fish or better a fall fail back under 4.40/holds. Avoid big gap downs. Also short on confirmed weakness cues or panic dumps at any time, possibly scalping. Down A/H over 2%. Keep in mind many plays like this go on longer than anticipated; it would not surprise me if it overtakes 4.40 and keeps going a bit. Stops above today's high at worst. Also a fade under 4.25.
THQI
In play both ways. I like this long over 1. 58 and short on a fall fail back under 1.50 or a rebuffed attempt. Could use a bit more volume. Avoid all big gaps. The easiest play will be a flat or nominally up/down debut that challenges 1.58 successfully, and overtakes the trigger price. Or the same with a ceiling at 1.50. Any gap over 1.58 needs to be played carefully. If it's just over, and holds on a test and perks off, longs are in play. If it does not hold the floor, a short is. As usual, heavy volume spikes up or down are scalp bait with caution. Up A/H over 1%. Low float, possible short squeezer.
NVDA
Bearish Engulfing. I like it short below the low (12.00) of Thursday. Moderate sell volume on the drop, which is a tepid 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 Friday. More conservatively a stop placed above Thursday's close, too. The high on that day is probably not too far away to use for risk control via stops. Ideally keeps under 12.20ish on any pull ups to remain viable as a short. Avoid all big gaps/longs. No A/H quote shift.
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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