YOD
Treat this as another initial red session Supernovae. See my previous comments. It rose under 13% today but has room for more redness on weakness. Up A/H 1% so take that into account.
OPTT
New Supernovae scan return. A 4 day move up which closed below the highs and above the open. Volume high most days in the run, peak Wednesday. 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 Thursday 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.
DHRM
I like this short on over extension on a gap and crap top fish or better a fall fail back under 11/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 12 and keeps going a bit. Stops above Wednesday's high at worst. Also a fade under 11.50/holds. May not be done yet. Up A/H over 2.5% so let it settle first.
AHS
Bullish Engulfing. I like this long over 4.50/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 Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is not too far away to use as a stop. Ideally stays above 14.33 on pull backs to remain viable as a long if it triggers. No big gaps or
shorts.
EONC
In play both ways. As a long on continuation of momentum above 5.17/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 5 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 5. The fade is more likely given the price action on Wednesday, but keep an open mind.
VVUS
Hammer scan short. The tail is not too long to use the high as a stop level unless the position is very large. Can use a bit above Wednesday's close for risk control. Trigger is below the low of last time, here under 6.88/holds. Avoid all big gaps, especially down ones. If it gaps under the trigger or 6.94 let it test/hold/fall from there 1st before entering. No longs. Stop above Wednesday's high at the most if more aggressive. Up A/H a tiny tad.
KBIO
Bearish Engulfing. I like it short below the low (2.91) of Wednesday. Low volume on the drop, which is a good 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 Thursday. More conservatively a stop placed above Wednesday's close, too. The high on that day is not too far away to use for risk control via stops. Ideally keeps under 3.04 on any pull ups to stay viable as a short. Avoid all big gaps/longs.
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
Treat this as another initial red session Supernovae. See my previous comments. It rose under 13% today but has room for more redness on weakness. Up A/H 1% so take that into account.
OPTT
New Supernovae scan return. A 4 day move up which closed below the highs and above the open. Volume high most days in the run, peak Wednesday. 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 Thursday 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.
DHRM
I like this short on over extension on a gap and crap top fish or better a fall fail back under 11/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 12 and keeps going a bit. Stops above Wednesday's high at worst. Also a fade under 11.50/holds. May not be done yet. Up A/H over 2.5% so let it settle first.
AHS
Bullish Engulfing. I like this long over 4.50/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 Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is not too far away to use as a stop. Ideally stays above 14.33 on pull backs to remain viable as a long if it triggers. No big gaps or
shorts.
EONC
In play both ways. As a long on continuation of momentum above 5.17/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 5 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 5. The fade is more likely given the price action on Wednesday, but keep an open mind.
VVUS
Hammer scan short. The tail is not too long to use the high as a stop level unless the position is very large. Can use a bit above Wednesday's close for risk control. Trigger is below the low of last time, here under 6.88/holds. Avoid all big gaps, especially down ones. If it gaps under the trigger or 6.94 let it test/hold/fall from there 1st before entering. No longs. Stop above Wednesday's high at the most if more aggressive. Up A/H a tiny tad.
KBIO
Bearish Engulfing. I like it short below the low (2.91) of Wednesday. Low volume on the drop, which is a good 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 Thursday. More conservatively a stop placed above Wednesday's close, too. The high on that day is not too far away to use for risk control via stops. Ideally keeps under 3.04 on any pull ups to stay viable as a short. Avoid all big gaps/longs.
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
No comments:
Post a Comment