KERX
Supernovae, still maturing. Again, see my previous still applicable comments. Rose via a gap up that ended below the debut on increasingly less buy volume. Down A/H a tad.
WUHN
Supernovae, still maturing. See my previous comments. Finished unchanged today. A replay is needed here.
ABIO
New Supernovae scan return. A 4 day move up which closed below the highs and above the open. Volume modest some days, peak 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 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 scalps.
JDSU
Almost 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 15.17) and holds. Avoid shorts, keep flat on true weakness. Nice move above 14.50. Needs to keep above the Thursday close, or at least above 14 on pull backs to remain viable as a long, aside from any early noise. 14.50+ ideal.
CZZ
Red floater scan return. Idea is to play for more down side on day 2. Closed down less than 0.50% on Thursday off a flat open that ended below the debut. Stop just above the Thursday session high (20.05) 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. Modest sell volume on Thursday means it might have decent chances to work. A 19.75 fail would be ideal. Avoid big gaps/longs. Gate dump?
BIOF
Bullish Engulfing. I like this long over 4.84/holds. Decent volume on the rise, which is a tepid 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 4.50 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote.
HHS
In play both ways. I like this long over 8.25 and short on a fall fail back under 8 or a rebuffed attempt. Could use a bit less volume. Avoid all big gaps. The easiest play will be a flat or nominally up/down debut that challenges 8.25 successfully, and overtakes the trigger price. Or the same with a ceiling at 8. Any gap over 8 needs to be played carefully. If it's just over, and holds on a test and perks off, longs are in play. If it does not hold the floor, a short is. As usual, heavy volume spikes up or down are scalp bait with discretion.
Off record, watch AAMRQ for more possible inching upside. Set a reasonable stop and monitor it all day.
New users: Read my trading guide for my play set-ups!
Review my blog at Investimonials:
Follow me now on Twitter:
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Supernovae, still maturing. Again, see my previous still applicable comments. Rose via a gap up that ended below the debut on increasingly less buy volume. Down A/H a tad.
WUHN
Supernovae, still maturing. See my previous comments. Finished unchanged today. A replay is needed here.
ABIO
New Supernovae scan return. A 4 day move up which closed below the highs and above the open. Volume modest some days, peak 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 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 scalps.
JDSU
Almost 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 15.17) and holds. Avoid shorts, keep flat on true weakness. Nice move above 14.50. Needs to keep above the Thursday close, or at least above 14 on pull backs to remain viable as a long, aside from any early noise. 14.50+ ideal.
CZZ
Red floater scan return. Idea is to play for more down side on day 2. Closed down less than 0.50% on Thursday off a flat open that ended below the debut. Stop just above the Thursday session high (20.05) 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. Modest sell volume on Thursday means it might have decent chances to work. A 19.75 fail would be ideal. Avoid big gaps/longs. Gate dump?
BIOF
Bullish Engulfing. I like this long over 4.84/holds. Decent volume on the rise, which is a tepid 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 4.50 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote.
HHS
In play both ways. I like this long over 8.25 and short on a fall fail back under 8 or a rebuffed attempt. Could use a bit less volume. Avoid all big gaps. The easiest play will be a flat or nominally up/down debut that challenges 8.25 successfully, and overtakes the trigger price. Or the same with a ceiling at 8. Any gap over 8 needs to be played carefully. If it's just over, and holds on a test and perks off, longs are in play. If it does not hold the floor, a short is. As usual, heavy volume spikes up or down are scalp bait with discretion.
Off record, watch AAMRQ for more possible inching upside. Set a reasonable stop and monitor it all day.
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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