MBLX
1st red day Supernovae. Finished down more than 10.5% last time, so more down side might not be in the cards. If it had fallen much less than 10% then more 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 fairly likely given the big red result of Friday. 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 after the noise candle. Avoid spike up long scalps, too. Selling volume was sizable, range too, scary signals for new shorts. Honor stops.
CBMX
New Supernovae scan return. A 1 day move up which closed below the highs and above the open. Volume small most days, now huge. 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 Monday and spike down for a short scalp. This might even be a gap and crap. A fade on confirmed weakness cues anytime 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. Down over 18.5% A/H.
UNXL
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 9.84) and holds. Avoid shorts, keep flat on true weakness. Nice move above 9. Needs to keep above the Friday close, or at least above 9 on pull backs to remain viable as a long, aside from any early noise.
SEAC
Red floater scan return. Idea is to play for more, real down side on day 2. Closed up on Tuesday off a gap up that ended below the debut. Stop above the Friday session high (10.50) 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. Big buy volume on Friday means it might have fair chances to work. A 10.50 fail would be ideal, or one at 10.30. No A/H quote shift. Avoid all big gaps/longs. Gate dump? Tweezer Tops @ 10.50.
GRPN
B/O scan. I like it long back over 4.78 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Friday or the 1st 30 minute low of Monday. Avoid all shorts and all big gaps. The low on Friday 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 tepid sign for new buys. Down almost 2.5% A/H. Exiting below 4.50 on fails after trigger entry is advisable. Early r/g buy? 4.50+ ideal price action.
DCIX
Bullish Engulfing. I like this long over 5.68/holds. Modest volume on the rise, which is a neutral 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is likely a bit too far away to use for stops. Ideally stays above 5.50 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote.
LPSN
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 open alternatively instead. Trigger is above the high of last time, here above 12.33/holds. Avoid all big gaps, especially up ones. 12.25+ is the ticket. No A/H quote change. If it gaps over the trigger or 12.25 let it test/hold/perk 1st before entering. No shorts, keep flat on redness.
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1st red day Supernovae. Finished down more than 10.5% last time, so more down side might not be in the cards. If it had fallen much less than 10% then more 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 fairly likely given the big red result of Friday. 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 after the noise candle. Avoid spike up long scalps, too. Selling volume was sizable, range too, scary signals for new shorts. Honor stops.
CBMX
New Supernovae scan return. A 1 day move up which closed below the highs and above the open. Volume small most days, now huge. 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 Monday and spike down for a short scalp. This might even be a gap and crap. A fade on confirmed weakness cues anytime 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. Down over 18.5% A/H.
UNXL
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 9.84) and holds. Avoid shorts, keep flat on true weakness. Nice move above 9. Needs to keep above the Friday close, or at least above 9 on pull backs to remain viable as a long, aside from any early noise.
SEAC
Red floater scan return. Idea is to play for more, real down side on day 2. Closed up on Tuesday off a gap up that ended below the debut. Stop above the Friday session high (10.50) 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. Big buy volume on Friday means it might have fair chances to work. A 10.50 fail would be ideal, or one at 10.30. No A/H quote shift. Avoid all big gaps/longs. Gate dump? Tweezer Tops @ 10.50.
GRPN
B/O scan. I like it long back over 4.78 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Friday or the 1st 30 minute low of Monday. Avoid all shorts and all big gaps. The low on Friday 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 tepid sign for new buys. Down almost 2.5% A/H. Exiting below 4.50 on fails after trigger entry is advisable. Early r/g buy? 4.50+ ideal price action.
DCIX
Bullish Engulfing. I like this long over 5.68/holds. Modest volume on the rise, which is a neutral 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is likely a bit too far away to use for stops. Ideally stays above 5.50 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote.
LPSN
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 open alternatively instead. Trigger is above the high of last time, here above 12.33/holds. Avoid all big gaps, especially up ones. 12.25+ is the ticket. No A/H quote change. If it gaps over the trigger or 12.25 let it test/hold/perk 1st before entering. No shorts, keep flat on redness.
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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