KOOL
Supernovae still maturing. See my previous comments, still in effect for general approaches. Rose over 2.5% Friday on modest volume. May fade on weakness soon, if not Monday.
AYSI
Supernovae, still maturing. Closed unchanged. See my previous comments for general approaches.
TITXF
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 1.50) and holds. Avoid shorts, keep flat on true weakness. Nice move above 1.30. Needs to keep above the Friday close, or at least above 1.40 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 1.44 are ideal for aggressive entry.
AMRN
Bullish Engulfing. I like this long over 1.76/holds. Low volume on the rise, which is a fair 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 arguably too far away to use as a stop. Ideally stays above 1.65 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
BDSI
In play both ways. As a long on continuation of momentum above 9.49/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 9.41 and holds. Or as a scalp sell on a pop down at or near the bell. Avoid all big gaps. Be careful maintaining a short on a reversal back over 9.41. The fade is more likely given the price action on Friday, but keep an open mind. Down A/H almost 2% so let it settle first before entering.
WMIH
I like this long on a break out over 2.50/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 pseudo 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 small rise on Friday. Requires constant monitoring. Stops just under 2.40 is one risk managing approach, since a fail back under indicates failure on the buy.
PGNX
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is fairly large. Use the previous session close alternatively instead. Trigger is above the high of last time, here above 6.55/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 6.37 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Solid sell volume, which could mean overt buy interest is fast approaching, suggesting reversal upwards may soon be at hand. Up A/H over 1% so let it settle first prior to entrance.
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Supernovae still maturing. See my previous comments, still in effect for general approaches. Rose over 2.5% Friday on modest volume. May fade on weakness soon, if not Monday.
AYSI
Supernovae, still maturing. Closed unchanged. See my previous comments for general approaches.
TITXF
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 1.50) and holds. Avoid shorts, keep flat on true weakness. Nice move above 1.30. Needs to keep above the Friday close, or at least above 1.40 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 1.44 are ideal for aggressive entry.
AMRN
Bullish Engulfing. I like this long over 1.76/holds. Low volume on the rise, which is a fair 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 arguably too far away to use as a stop. Ideally stays above 1.65 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
BDSI
In play both ways. As a long on continuation of momentum above 9.49/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 9.41 and holds. Or as a scalp sell on a pop down at or near the bell. Avoid all big gaps. Be careful maintaining a short on a reversal back over 9.41. The fade is more likely given the price action on Friday, but keep an open mind. Down A/H almost 2% so let it settle first before entering.
WMIH
I like this long on a break out over 2.50/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 pseudo 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 small rise on Friday. Requires constant monitoring. Stops just under 2.40 is one risk managing approach, since a fail back under indicates failure on the buy.
PGNX
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is fairly large. Use the previous session close alternatively instead. Trigger is above the high of last time, here above 6.55/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 6.37 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Solid sell volume, which could mean overt buy interest is fast approaching, suggesting reversal upwards may soon be at hand. Up A/H over 1% so let it settle first prior to entrance.
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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