MEIP
Supernovae, still maturing. Rose almost 8% today on lighter volume. See my previous comments, still applicable. Up A/H over 4%.
CARB
See my previous comments, still aiming for a 9/fail holds fade off over extension. No A/H quote.
NVGN
New Supernovae scan return. A 4 day move up which closed above the open and below the hod. Volume increasing most days, now peak. Eventually this can be shorted since it is up so absurdly. I suspect like many such plays it can go further than anyone expects, though. Conditional entry. On a higher open, it might yield a rapid green to red on Thursday and spike down for a short scalp. This might even be a gap and crap. A fade on confirmed weakness cues or heavy dumping on volume from or near the bell. Ideal is a flat or barely green or red open, followed by a big move down on volume to short into. Avoid big gaps, especially downward ones. Do not short into initial strength or greening. Box and drop to wait for the distribution print, if desired and avoid top fish timing fades. Keep flat on positive price action, avoid scalping long. No A/H.
WRLS
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 (10.97) and holds. No A/H quote. Avoid shorts, keep flat on true weakness. Nice move above 10. Needs to keep above the Wednesday close, or at least above 10.50 on pull backs to remain viable as a long, aside from any early noise.
HMY
B/O scan. I like it long back over 8.80 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 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. No A/H quote. Exiting below 8.50 on fails after trigger entry is advisable. Early r/g buy?
NSM
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is very large. Use the previous session close alternatively instead. Trigger is above the high of last time, here above 27.28/holds. Avoid all big gaps, especially up ones. 27+ is the ticket. No A/H quote. If it gaps over the trigger or 27 let it test/hold/perk 1st before entering. No shorts, keep flat on redness.
PIKE
Red floater scan return. Idea is to play for more, real down side on day 2. Closed red almost 3.5% on Wednesday off a gap up that ended below the debut. Stop above the previous day session high (10.90) 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. Medium sell volume on Wednesday means it might have tepid chances to work. A 10 or 11 fail would be ideal. No A/H quote. Avoid all big gaps/longs. Gate dump?
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Supernovae, still maturing. Rose almost 8% today on lighter volume. See my previous comments, still applicable. Up A/H over 4%.
CARB
See my previous comments, still aiming for a 9/fail holds fade off over extension. No A/H quote.
NVGN
New Supernovae scan return. A 4 day move up which closed above the open and below the hod. Volume increasing most days, now peak. Eventually this can be shorted since it is up so absurdly. I suspect like many such plays it can go further than anyone expects, though. Conditional entry. On a higher open, it might yield a rapid green to red on Thursday and spike down for a short scalp. This might even be a gap and crap. A fade on confirmed weakness cues or heavy dumping on volume from or near the bell. Ideal is a flat or barely green or red open, followed by a big move down on volume to short into. Avoid big gaps, especially downward ones. Do not short into initial strength or greening. Box and drop to wait for the distribution print, if desired and avoid top fish timing fades. Keep flat on positive price action, avoid scalping long. No A/H.
WRLS
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 (10.97) and holds. No A/H quote. Avoid shorts, keep flat on true weakness. Nice move above 10. Needs to keep above the Wednesday close, or at least above 10.50 on pull backs to remain viable as a long, aside from any early noise.
HMY
B/O scan. I like it long back over 8.80 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 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. No A/H quote. Exiting below 8.50 on fails after trigger entry is advisable. Early r/g buy?
NSM
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is very large. Use the previous session close alternatively instead. Trigger is above the high of last time, here above 27.28/holds. Avoid all big gaps, especially up ones. 27+ is the ticket. No A/H quote. If it gaps over the trigger or 27 let it test/hold/perk 1st before entering. No shorts, keep flat on redness.
PIKE
Red floater scan return. Idea is to play for more, real down side on day 2. Closed red almost 3.5% on Wednesday off a gap up that ended below the debut. Stop above the previous day session high (10.90) 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. Medium sell volume on Wednesday means it might have tepid chances to work. A 10 or 11 fail would be ideal. No A/H quote. Avoid all big gaps/longs. Gate dump?
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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