KERX
Supernovae, still maturing. See my previous, still in effect, comments. Rose 38% on nearly as big volume as day one. Might not be done yet. Still, a top short option if it sets up right. Down A/H over 2.5%.
JAMN
New Supernovae scan return. A 4 day move up which closed below the highs and above the open. Volume rising most days, strong today. 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 Wednesday 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.
IBCP
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 5.11) and holds. Avoid shorts, keep flat on true weakness. Nice move above 4.50. Needs to keep above the Tuesday close, or at least above 4.75 on pull backs to remain viable as a long, aside from any early noise.
TA
Red floater scan return. Idea is to play for more down side on day 2. Closed down 1.5ish% on Tuesday off a gap down open that ended below the debut. Stop just above the Tuesday session high (7.81) 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. Big sell volume on Tuesday means it might have suspect chances to work. A 7.50 fail would be ideal. Avoid big gaps/longs. Gate dump?
OSUR
Bullish Engulfing. I like this long over 7.42/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 Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is arguably too far away to use for stops. Ideally stays above 7.20 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote shift. 7.52+ add shares.
ATRS
Bullish Engulfing. I like this long over 3.89/holds. Modest volume on the rise, which is a decent 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 Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 3.85 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote shift.
MRGE
Bearish Engulfing. I like it short below the low (2.72) of Tuesday. Medium volume on the drop, which is a tepid 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 Wednesday. More conservatively a stop placed above Tuesday's close, too. The high on that day is arguably too far away to use for risk control via stops. Ideally keeps under 2.82ish on any pull ups to remain viable as a short. Avoid all big gaps/longs. No A/H quote shift.
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Supernovae, still maturing. See my previous, still in effect, comments. Rose 38% on nearly as big volume as day one. Might not be done yet. Still, a top short option if it sets up right. Down A/H over 2.5%.
JAMN
New Supernovae scan return. A 4 day move up which closed below the highs and above the open. Volume rising most days, strong today. 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 Wednesday 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.
IBCP
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 5.11) and holds. Avoid shorts, keep flat on true weakness. Nice move above 4.50. Needs to keep above the Tuesday close, or at least above 4.75 on pull backs to remain viable as a long, aside from any early noise.
TA
Red floater scan return. Idea is to play for more down side on day 2. Closed down 1.5ish% on Tuesday off a gap down open that ended below the debut. Stop just above the Tuesday session high (7.81) 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. Big sell volume on Tuesday means it might have suspect chances to work. A 7.50 fail would be ideal. Avoid big gaps/longs. Gate dump?
OSUR
Bullish Engulfing. I like this long over 7.42/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 Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is arguably too far away to use for stops. Ideally stays above 7.20 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote shift. 7.52+ add shares.
ATRS
Bullish Engulfing. I like this long over 3.89/holds. Modest volume on the rise, which is a decent 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 Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 3.85 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote shift.
MRGE
Bearish Engulfing. I like it short below the low (2.72) of Tuesday. Medium volume on the drop, which is a tepid 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 Wednesday. More conservatively a stop placed above Tuesday's close, too. The high on that day is arguably too far away to use for risk control via stops. Ideally keeps under 2.82ish on any pull ups to remain viable as a short. Avoid all big gaps/longs. No A/H quote shift.
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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