CYCCP
Again, see my previous, almost unchanged comments. This may not move for days, then I'm hoping for a retrace back down on this maturing Supernovae. Volume and movement will be quite low until then.
NEWL
Again, my previous comments apply to this new Supernovae from last time, since it finished unchanged (but on big volume, notably) the previous session. Looking for a fade entry and down side that sticks.
CIMT
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 5.40) and holds. Avoid shorts, keep flat on true weakness. Nice move over 5. Needs to keep above the Thursday close, or at least above 5 on pull backs to remain viable as a long, aside from any early noise.
EDAP
Bullish Engulfing. I like this long over 2.72/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 too far away to use for stops. Ideally stays above 2.60 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. You can also enter above 2.75/holds for more confirmation.
CYTX
B/O scan. I like it long back over 3.01 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 arguably 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 decent sign for new buys. No A/H quote. Exiting below 2.95 or 2.90 on fails after trigger entry is possibly smart. Early r/g buy?
IRWD
Red floater scan return. Idea is to play for more down side on day 2. Closed down on Thursday off a gap up open that ended under the debut. Stop above the Thursday session high (14.23) 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. Modest sell volume on Thursday means it might have fair chances to work. A 14 fail would be ideal. Avoid big gaps/longs. Gate dump?
DGIT
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is fairly large. Use the previous session open alternatively instead. Trigger is above the high of last time, here above 10.59/holds. Avoid all big gaps, especially up ones. 10.50+ is the ticket. No A/H quote. If it gaps over the trigger or 10.50 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Stop under 10.35.
Watch ACPW (off record) for more inching up. It's been a past mover. Might have more. Maybe not.
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Again, see my previous, almost unchanged comments. This may not move for days, then I'm hoping for a retrace back down on this maturing Supernovae. Volume and movement will be quite low until then.
NEWL
Again, my previous comments apply to this new Supernovae from last time, since it finished unchanged (but on big volume, notably) the previous session. Looking for a fade entry and down side that sticks.
CIMT
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 5.40) and holds. Avoid shorts, keep flat on true weakness. Nice move over 5. Needs to keep above the Thursday close, or at least above 5 on pull backs to remain viable as a long, aside from any early noise.
EDAP
Bullish Engulfing. I like this long over 2.72/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 too far away to use for stops. Ideally stays above 2.60 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. You can also enter above 2.75/holds for more confirmation.
CYTX
B/O scan. I like it long back over 3.01 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 arguably 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 decent sign for new buys. No A/H quote. Exiting below 2.95 or 2.90 on fails after trigger entry is possibly smart. Early r/g buy?
IRWD
Red floater scan return. Idea is to play for more down side on day 2. Closed down on Thursday off a gap up open that ended under the debut. Stop above the Thursday session high (14.23) 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. Modest sell volume on Thursday means it might have fair chances to work. A 14 fail would be ideal. Avoid big gaps/longs. Gate dump?
DGIT
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is fairly large. Use the previous session open alternatively instead. Trigger is above the high of last time, here above 10.59/holds. Avoid all big gaps, especially up ones. 10.50+ is the ticket. No A/H quote. If it gaps over the trigger or 10.50 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Stop under 10.35.
Watch ACPW (off record) for more inching up. It's been a past mover. Might have more. Maybe not.
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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