CORR
See my previous comments, and the ones before that. No change. Still inching up for a showdown with the planned trigger price long. No A/H quote.
ARRY
Tweezer Bottoms. Also still in play on a trigger entry fade. See my previous comments for what that price is. No A/H quote.
GTN
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 3.40) and holds. Avoid shorts, keep flat on true weakness. Nice move above 3.10. Needs to keep above the Friday close, or at least above 3.20 on pull backs to remain viable as a long, aside from any early noise.
SMCI
Red floater scan return. Idea is to play for more down side on day 2. Closed red a bit under 1% on Friday off a gap up open that ended below the debut. Stop just above the Thursday session high (13.15) to cap losses on head fake fade entries. I'm only into the shorting possibility if it surfaces, keeping flat on strength. Also a short on heavy volume dumps/confirmed weakness cues. Small sell volume on Friday means it might have decent chances to work. A 12.50 fail would be ideal. Avoid big gaps/longs. Gate dump?
OCZ
B/O scan. I like it long back over 2.44 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. Big volume on the rise, a poor sign for new buys. No A/H quote. Exiting below 2.20 on fails after trigger entry is possibly advisable. Early r/g buy? 2.50+ ideal.
VELT
Bullish Engulfing. I like this long over 5.09/holds. Small 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 4.95 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote.
MENT
Technical break out above 17.50/holds. This is recent resistance on daily chart. You can play a fall fail off another ceiling at the above level, but I'm flat on that. Also long on spiking up at or near the gun as a scalp. No A/H quote. Avoid all big gaps. A continuation play. Set a stop just under 17.25 if conservative or just below 17 otherwise to manage risk.
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See my previous comments, and the ones before that. No change. Still inching up for a showdown with the planned trigger price long. No A/H quote.
ARRY
Tweezer Bottoms. Also still in play on a trigger entry fade. See my previous comments for what that price is. No A/H quote.
GTN
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 3.40) and holds. Avoid shorts, keep flat on true weakness. Nice move above 3.10. Needs to keep above the Friday close, or at least above 3.20 on pull backs to remain viable as a long, aside from any early noise.
SMCI
Red floater scan return. Idea is to play for more down side on day 2. Closed red a bit under 1% on Friday off a gap up open that ended below the debut. Stop just above the Thursday session high (13.15) to cap losses on head fake fade entries. I'm only into the shorting possibility if it surfaces, keeping flat on strength. Also a short on heavy volume dumps/confirmed weakness cues. Small sell volume on Friday means it might have decent chances to work. A 12.50 fail would be ideal. Avoid big gaps/longs. Gate dump?
OCZ
B/O scan. I like it long back over 2.44 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. Big volume on the rise, a poor sign for new buys. No A/H quote. Exiting below 2.20 on fails after trigger entry is possibly advisable. Early r/g buy? 2.50+ ideal.
VELT
Bullish Engulfing. I like this long over 5.09/holds. Small 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 4.95 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote.
MENT
Technical break out above 17.50/holds. This is recent resistance on daily chart. You can play a fall fail off another ceiling at the above level, but I'm flat on that. Also long on spiking up at or near the gun as a scalp. No A/H quote. Avoid all big gaps. A continuation play. Set a stop just under 17.25 if conservative or just below 17 otherwise to manage risk.
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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