VRS
Again, see my previous comments on this former initial red session Supernovae. It ended almost flat today, so seeking a 2nd gravy red day may be still viable. Potential short. Rose on low volume.
FSPM
First red day Supernovae. Finished down over 32% last time, so more down side might not be in the cards. If it had fallen much less than 10% then more could be expected as plausible. Always watch day 2 of a busted one. The plan is to play for more reddening on day 2. Conditional entry. A flat, nominally green or red open that immediately sells off on heavy volume or sports traditional confirmed weakness cues is a fade entry. Keep flat on high volume greening or strength, especially early. This is very likely given the large red result of Thursday. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action, like trading above the opening price level after the noise candle. Avoid spike up long scalps, too. Selling volume was medium, range larger. Weak short signals, but watch it.
PLUG
Another initial red session Supernovae. See my comments on the above play, which roughly resembles this one. It also fell over 25% on medium volume. Potential short gravy, not really good odds but monitor it.
GRNH
Another initial red day Supernovae. Again, refer to my comments for FSPM. This one had a wide range and bigger sell volume. It fell over 50%, so more redness is questionable, but observe it anyhow for a short.
AVTC
Also making my new Supernovae scan, treat it as an initial red session one since it fell over 15% today. Moderate volume, making it along with the comparatively lesser volume the most promising for gravy redness of the past 3 stocks mentioned.
MNGA
New Supernovae scan return. A 3 day move up which closed above the highs and above the open. Volume rising increasingly most 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, no scalps.
AFAI
Another new Supernovae, see my comments for the above stock for general approach tips, etc. Also rising 3 days running, this one had peak volume today, closing up over 237%.
New users: Read my trading guide for my play set-ups!
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Again, see my previous comments on this former initial red session Supernovae. It ended almost flat today, so seeking a 2nd gravy red day may be still viable. Potential short. Rose on low volume.
FSPM
First red day Supernovae. Finished down over 32% last time, so more down side might not be in the cards. If it had fallen much less than 10% then more could be expected as plausible. Always watch day 2 of a busted one. The plan is to play for more reddening on day 2. Conditional entry. A flat, nominally green or red open that immediately sells off on heavy volume or sports traditional confirmed weakness cues is a fade entry. Keep flat on high volume greening or strength, especially early. This is very likely given the large red result of Thursday. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action, like trading above the opening price level after the noise candle. Avoid spike up long scalps, too. Selling volume was medium, range larger. Weak short signals, but watch it.
PLUG
Another initial red session Supernovae. See my comments on the above play, which roughly resembles this one. It also fell over 25% on medium volume. Potential short gravy, not really good odds but monitor it.
GRNH
Another initial red day Supernovae. Again, refer to my comments for FSPM. This one had a wide range and bigger sell volume. It fell over 50%, so more redness is questionable, but observe it anyhow for a short.
AVTC
Also making my new Supernovae scan, treat it as an initial red session one since it fell over 15% today. Moderate volume, making it along with the comparatively lesser volume the most promising for gravy redness of the past 3 stocks mentioned.
MNGA
New Supernovae scan return. A 3 day move up which closed above the highs and above the open. Volume rising increasingly most 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, no scalps.
AFAI
Another new Supernovae, see my comments for the above stock for general approach tips, etc. Also rising 3 days running, this one had peak volume today, closing up over 237%.
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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