MEIP
Supernovae, still maturing. See my previous comments, unchanged for entry/exit/trade management angles. Rose less than 1.5% on medium buy volume today.
NVGN
Supernovae, still maturing. See my previous comments, unchanged for entry/exit/trade management angles. Rose 2% on much lower buy volume today.
MXSG
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 (0.63) and holds. Ignore A/H quote. Avoid shorts, keep flat on true weakness. Nice move above 0.50. Needs to keep above the Thursday close, or at least above 0.55 on pull backs to remain viable as a long, aside from any early noise.
HDY
Red floater scan return. Idea is to play for more down side on day 2. Closed red almost 3.5% on Thursday off a gap up that ended below the debut. Stop above the previous day session high (1.30) 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. Medium sell volume on Thursday means it might have tepid chances to work. A 1.10 fail would be ideal. No A/H quote. Avoid all big gaps/longs. Gate dump?
DVR
Bullish Engulfing. I like this long over 1.37/holds. Big volume on the rise, which is a poor 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 too far away to use for stops. Ideally stays above 1.30 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
AXU
B/O scan. I like it long back over 4.22 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 likely too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Moderate volume on the rise, a neutral sign for new buys. No A/H quote. Exiting below 4.10 on fails after trigger entry is advisable. Early r/g buy?
FALC
In play both ways. I like this long over 2.51 and short on a fall fail back under 2.50 or a rebuffed attempt. Could use a bit less volume. Avoid all big gaps. The easiest play will be a flat or nominally up/down debut that challenges 2.51 successfully, and overtakes the trigger price. Or the same with a ceiling at 2.50. Any gap over 2.50 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 discretion. Down A/H over 1.5%. This play offers good entry/exit stop levels with a psychological price area.
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Supernovae, still maturing. See my previous comments, unchanged for entry/exit/trade management angles. Rose less than 1.5% on medium buy volume today.
NVGN
Supernovae, still maturing. See my previous comments, unchanged for entry/exit/trade management angles. Rose 2% on much lower buy volume today.
MXSG
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 (0.63) and holds. Ignore A/H quote. Avoid shorts, keep flat on true weakness. Nice move above 0.50. Needs to keep above the Thursday close, or at least above 0.55 on pull backs to remain viable as a long, aside from any early noise.
HDY
Red floater scan return. Idea is to play for more down side on day 2. Closed red almost 3.5% on Thursday off a gap up that ended below the debut. Stop above the previous day session high (1.30) 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. Medium sell volume on Thursday means it might have tepid chances to work. A 1.10 fail would be ideal. No A/H quote. Avoid all big gaps/longs. Gate dump?
DVR
Bullish Engulfing. I like this long over 1.37/holds. Big volume on the rise, which is a poor 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 too far away to use for stops. Ideally stays above 1.30 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
AXU
B/O scan. I like it long back over 4.22 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 likely too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Moderate volume on the rise, a neutral sign for new buys. No A/H quote. Exiting below 4.10 on fails after trigger entry is advisable. Early r/g buy?
FALC
In play both ways. I like this long over 2.51 and short on a fall fail back under 2.50 or a rebuffed attempt. Could use a bit less volume. Avoid all big gaps. The easiest play will be a flat or nominally up/down debut that challenges 2.51 successfully, and overtakes the trigger price. Or the same with a ceiling at 2.50. Any gap over 2.50 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 discretion. Down A/H over 1.5%. This play offers good entry/exit stop levels with a psychological price area.
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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