MBLX
New Supernovae scan return. A 2 day move up which closed under the highs and above the open. Volume big most days, now too. 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 Friday 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. No A/H quote. A 2 fail of some kind may prove pivotal.
MEIP
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 2.08) and holds. Avoid shorts, keep flat on true weakness. Nice move above 2. Needs to keep above the Thursday close, or at least above 1.90 on pull backs to remain viable as a long, aside from any early noise.
NKTR
B/O scan. I like it long back over 6.81 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 perhaps a bi 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 fair sign for new buys. Down A/H over 1.5%. Exiting below 6.60 on fails after trigger entry is advisable. Early r/g buy?
EXAS
Bullish Engulfing. I like this long over 10.06/holds. Low 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 arguably not too far away to use for stops. Ideally stays above 9.90 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. Down A/H over 0.5%.
GNK
Bearish Engulfing. I like it short below the low (2.66) of Thursday. Modest volume on the drop, which is a fair 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 arguably not too far away to use for risk control via stops. Ideally keeps under 2.76ish on any pull ups to remain viable short. No A/H quote shift. Avoid all big gaps/longs.
HTGC
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 10.62/holds. Avoid all big gaps, especially up ones. 10.60+ is the ticket. No A/H quote change. If it gaps over the trigger or 10.60 let it test/hold/perk 1st before entering. No shorts, keep flat on redness.
PANL
A potential long that has moved in the past. I like it on the buy over 25.50/holds. Stops need to hold 25. No shorts. Hit over 23 intraday today. Would like to see that again and holds on the final amount. Modest volume on the rise, a good sign for new buyers. Up a teeny tad A/H. Also long on spike ups at/near bell as a scalp. Into the gap on the daily chart from November 7th of 2012.
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New Supernovae scan return. A 2 day move up which closed under the highs and above the open. Volume big most days, now too. 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 Friday 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. No A/H quote. A 2 fail of some kind may prove pivotal.
MEIP
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 2.08) and holds. Avoid shorts, keep flat on true weakness. Nice move above 2. Needs to keep above the Thursday close, or at least above 1.90 on pull backs to remain viable as a long, aside from any early noise.
NKTR
B/O scan. I like it long back over 6.81 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 perhaps a bi 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 fair sign for new buys. Down A/H over 1.5%. Exiting below 6.60 on fails after trigger entry is advisable. Early r/g buy?
EXAS
Bullish Engulfing. I like this long over 10.06/holds. Low 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 arguably not too far away to use for stops. Ideally stays above 9.90 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. Down A/H over 0.5%.
GNK
Bearish Engulfing. I like it short below the low (2.66) of Thursday. Modest volume on the drop, which is a fair 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 arguably not too far away to use for risk control via stops. Ideally keeps under 2.76ish on any pull ups to remain viable short. No A/H quote shift. Avoid all big gaps/longs.
HTGC
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 10.62/holds. Avoid all big gaps, especially up ones. 10.60+ is the ticket. No A/H quote change. If it gaps over the trigger or 10.60 let it test/hold/perk 1st before entering. No shorts, keep flat on redness.
PANL
A potential long that has moved in the past. I like it on the buy over 25.50/holds. Stops need to hold 25. No shorts. Hit over 23 intraday today. Would like to see that again and holds on the final amount. Modest volume on the rise, a good sign for new buyers. Up a teeny tad A/H. Also long on spike ups at/near bell as a scalp. Into the gap on the daily chart from November 7th of 2012.
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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