TROV
New 52's. Short term, these yearly high stocks often 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 6.91) and holds. Avoid shorts, keep flat on true weakness. Nice move above 6.50. Needs to keep above the Monday close, or at least above 6.50 on pull backs to remain viable as a long, aside from any early noise. Up over 2% A/H.
JBLU
Red floater scan return. Idea is to play for more down side on day 2. Closed up on Wednesday off a gap up that ended below the debut. Stop above the Wednesday session high (5.94) to cap losses on head fake fade entries. More conservatively, stop above the open 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. Decent buy volume on Wednesday means it might have no better than even chances to work. A 6 fail would be ideal or one at 5.83. No A/H quote. Avoid big gaps/longs. Gate dump?
CEDC
B/O scan. I like it long back over 1.99 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. Large volume on the rise, a poor sign for new buys. No A/H quote. Exiting below 1.90 on fails after trigger entry is possibly advisable. Early r/g buy?
NEPT
Bullish Engulfing. I like this long over 2.06/holds. Medium 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 too far away to use for stops. Ideally stays above 1.90 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. Down A/H about 3.5%.
EDAP
In play both ways. I like this long over 2.08 and short on a fall fail back under 2 or a rebuffed attempt. Could use less volume for buys. Avoid all big gaps. The easiest play will be a flat or nominally up/down debut that challenges 2.08 successfully, and overtakes the trigger price. Or the same with a ceiling at 2. Any gap over 2 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. No A/H quote. Stops at about 1.90 for longs and just over 2.08 for shorts are one possible risk approach.
JIVE
I like this long above 14.60/holds. Low volume the past few days, a good sign for new buyers. Also long on spike ups at or near the gun as a scalp. No shorts. Avoid all big gaps. No A/H quote. Stops at 14 possible.
GBX
Hammer scan short. The tail is not too long to use the high as a stop level unless the position is very large. Can use a bit above Wednesday's open for risk control. Trigger is below the low of last time, here under 20.50/holds. Avoid all big gaps, especially down ones. Down A/H over 0.50%. If it gaps under the trigger let it test/hold/fall from there 1st before entering. No longs. The idea is to play for a 20.50 fail as the ceiling. Stop above Wednessday's high at the most if more aggressive.
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New 52's. Short term, these yearly high stocks often 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 6.91) and holds. Avoid shorts, keep flat on true weakness. Nice move above 6.50. Needs to keep above the Monday close, or at least above 6.50 on pull backs to remain viable as a long, aside from any early noise. Up over 2% A/H.
JBLU
Red floater scan return. Idea is to play for more down side on day 2. Closed up on Wednesday off a gap up that ended below the debut. Stop above the Wednesday session high (5.94) to cap losses on head fake fade entries. More conservatively, stop above the open 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. Decent buy volume on Wednesday means it might have no better than even chances to work. A 6 fail would be ideal or one at 5.83. No A/H quote. Avoid big gaps/longs. Gate dump?
CEDC
B/O scan. I like it long back over 1.99 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. Large volume on the rise, a poor sign for new buys. No A/H quote. Exiting below 1.90 on fails after trigger entry is possibly advisable. Early r/g buy?
NEPT
Bullish Engulfing. I like this long over 2.06/holds. Medium 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 too far away to use for stops. Ideally stays above 1.90 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. Down A/H about 3.5%.
EDAP
In play both ways. I like this long over 2.08 and short on a fall fail back under 2 or a rebuffed attempt. Could use less volume for buys. Avoid all big gaps. The easiest play will be a flat or nominally up/down debut that challenges 2.08 successfully, and overtakes the trigger price. Or the same with a ceiling at 2. Any gap over 2 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. No A/H quote. Stops at about 1.90 for longs and just over 2.08 for shorts are one possible risk approach.
JIVE
I like this long above 14.60/holds. Low volume the past few days, a good sign for new buyers. Also long on spike ups at or near the gun as a scalp. No shorts. Avoid all big gaps. No A/H quote. Stops at 14 possible.
GBX
Hammer scan short. The tail is not too long to use the high as a stop level unless the position is very large. Can use a bit above Wednesday's open for risk control. Trigger is below the low of last time, here under 20.50/holds. Avoid all big gaps, especially down ones. Down A/H over 0.50%. If it gaps under the trigger let it test/hold/fall from there 1st before entering. No longs. The idea is to play for a 20.50 fail as the ceiling. Stop above Wednessday's high at the most if more aggressive.
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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