CORR
Yet again, see my original comments. This is so close to triggering long. Needs to hit over the entry price and keeps inching up.
MENT
See my previous comments. Still in play and just missed the trigger price. No A/H price change. Avoid big gaps.
KERX
New Supernovae scan return. A 1 day move up which closed below the highs and above the open. Volume modest most days, now peak. 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 Tuesday 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 scalps.
APPA
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 0.82) and holds. Avoid shorts, keep flat on true weakness. Nice move above 0.78. Needs to keep above the Monday close, or at least above 0.75 on pull backs to remain viable as a long, aside from any early noise.
DARA
Red floater scan return. Idea is to play for more, real down side on day 2. Closed up 1% on Monday off a gap up open that ended below the debut. Stop just above the Friday session high (1.03) 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. Medium buy volume on Monday means it might have tepid chances to work. A 1.00 fail would be ideal. Avoid big gaps/longs. Gate dump?
ZNGA
B/O scan. I like it long back over 2.85 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday 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. Down A/H less than 0.50%. Exiting below 2.70 on fails after trigger entry is possibly advisable. Early r/g buy? 2.80+ ideal.
MEET
Bullish Engulfing. I like this long over 3.03/holds. Moderate 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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is arguably too far away to use for stops. Ideally stays above 2.90 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote.
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Yet again, see my original comments. This is so close to triggering long. Needs to hit over the entry price and keeps inching up.
MENT
See my previous comments. Still in play and just missed the trigger price. No A/H price change. Avoid big gaps.
KERX
New Supernovae scan return. A 1 day move up which closed below the highs and above the open. Volume modest most days, now peak. 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 Tuesday 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 scalps.
APPA
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 0.82) and holds. Avoid shorts, keep flat on true weakness. Nice move above 0.78. Needs to keep above the Monday close, or at least above 0.75 on pull backs to remain viable as a long, aside from any early noise.
DARA
Red floater scan return. Idea is to play for more, real down side on day 2. Closed up 1% on Monday off a gap up open that ended below the debut. Stop just above the Friday session high (1.03) 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. Medium buy volume on Monday means it might have tepid chances to work. A 1.00 fail would be ideal. Avoid big gaps/longs. Gate dump?
ZNGA
B/O scan. I like it long back over 2.85 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday 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. Down A/H less than 0.50%. Exiting below 2.70 on fails after trigger entry is possibly advisable. Early r/g buy? 2.80+ ideal.
MEET
Bullish Engulfing. I like this long over 3.03/holds. Moderate 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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is arguably too far away to use for stops. Ideally stays above 2.90 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote.
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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