NR
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 10.10) and holds. Avoid shorts, keep flat on true weakness. Nice move above 9.69. Needs to keep above the Friday close, or at least above 9.50 on pull backs to remain viable as a long, aside from any early noise. No A/H quote shift.
BYD
Red floater scan return. Idea is to play for more down side on day 2. Closed red on Friday off a gap up open that ended below the debut. Stop just above the Friday session high (11.62) 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. Low sell volume on Friday means it might have good chances to work. An 11.50 fail would be ideal. Avoid big gaps/longs. Panic dump?
ACHN
B/O scan. I like it long back over 7.50 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 likely 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 fair sign for new buys. No A/H quote change. Exiting below 7.25 on fails after trigger entry is possibly advisable. Early r/g?
INVE
Bullish Engulfing. I like this long over 1.07/holds. Big volume on the rise, which is a poor 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 too far away to use for stops. Ideally stays above 1.00 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote.
MACK
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is very large. Use the previous session open alternatively instead. Trigger is above the high of last time, here above 5.30/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 5.20 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Low buy volume, hopefully suggesting reversal with more to come.
NVIV
A low float stock, I like this long on a technical break out over 3/holds. Or on a spike up at or near the gun as a scalp buy. Keep flat on after the noise candle bearish price action or on morning panic dumps. Watch for a early psuedo weakness with a a red to green move to purchase into. Avoid all big gaps and shorts. Possible short squeeze over the trigger. Low volume rise on Friday. Requires constant monitoring. Stops just under 2.90 is one risk management approach.
CSIQ
I like this short on over extension on a gap and crap top fish or better a fall fail back under 5.50/holds. Avoid big gap downs. Also short on confirmed weakness cues or panic dumps at any time, possibly scalping. Keep in mind many plays like this go on longer than anticipated; it would not surprise me if it overtakes 5.50 and keeps going a bit. Stops above today's high at worst. Down A/H almost 2.5%, so be careful on that.
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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 10.10) and holds. Avoid shorts, keep flat on true weakness. Nice move above 9.69. Needs to keep above the Friday close, or at least above 9.50 on pull backs to remain viable as a long, aside from any early noise. No A/H quote shift.
BYD
Red floater scan return. Idea is to play for more down side on day 2. Closed red on Friday off a gap up open that ended below the debut. Stop just above the Friday session high (11.62) 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. Low sell volume on Friday means it might have good chances to work. An 11.50 fail would be ideal. Avoid big gaps/longs. Panic dump?
ACHN
B/O scan. I like it long back over 7.50 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 likely 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 fair sign for new buys. No A/H quote change. Exiting below 7.25 on fails after trigger entry is possibly advisable. Early r/g?
INVE
Bullish Engulfing. I like this long over 1.07/holds. Big volume on the rise, which is a poor 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 too far away to use for stops. Ideally stays above 1.00 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote.
MACK
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is very large. Use the previous session open alternatively instead. Trigger is above the high of last time, here above 5.30/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 5.20 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Low buy volume, hopefully suggesting reversal with more to come.
NVIV
A low float stock, I like this long on a technical break out over 3/holds. Or on a spike up at or near the gun as a scalp buy. Keep flat on after the noise candle bearish price action or on morning panic dumps. Watch for a early psuedo weakness with a a red to green move to purchase into. Avoid all big gaps and shorts. Possible short squeeze over the trigger. Low volume rise on Friday. Requires constant monitoring. Stops just under 2.90 is one risk management approach.
CSIQ
I like this short on over extension on a gap and crap top fish or better a fall fail back under 5.50/holds. Avoid big gap downs. Also short on confirmed weakness cues or panic dumps at any time, possibly scalping. Keep in mind many plays like this go on longer than anticipated; it would not surprise me if it overtakes 5.50 and keeps going a bit. Stops above today's high at worst. Down A/H almost 2.5%, so be careful on that.
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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