NVLX
See my previous comments again on this former initial red session Supernovae. It rose last time, but it's still so top heavy another drop could come as soon as Thursday.
MDFI
Again see my previous comments. This initial red session Supernovae finished unchanged today. May yield more down side Thursday. But it fell a lot previously, so do not count on it. Only entry on weakness.
HERB
Supernovae, still maturing. See my previous comments for general tips. It rose almost 25% today on peak volume. Soon due to drop so a fade on bearish price action cues.
ELTP
New Supernovae scan return. A 5 day move up which closed below the highs and above the open. Volume increased 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.
EXCC
Another new Supernovae, see my comments for the above stock for general approach tips. Peak volume today rising on the 2 session move up.
AMRS
In play both ways. As a long on continuation of momentum above 4.67/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 4.50 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 4.50. The fade is more likely given the price action on Wednesday, but keep an open mind.
ZHNE
Bullish Engulfing. I like this long over 4.03/holds. Low volume on the rise, which is a good 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 3.90 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
New users: Read my trading guide for my play set-ups!
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See my previous comments again on this former initial red session Supernovae. It rose last time, but it's still so top heavy another drop could come as soon as Thursday.
MDFI
Again see my previous comments. This initial red session Supernovae finished unchanged today. May yield more down side Thursday. But it fell a lot previously, so do not count on it. Only entry on weakness.
HERB
Supernovae, still maturing. See my previous comments for general tips. It rose almost 25% today on peak volume. Soon due to drop so a fade on bearish price action cues.
ELTP
New Supernovae scan return. A 5 day move up which closed below the highs and above the open. Volume increased 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.
EXCC
Another new Supernovae, see my comments for the above stock for general approach tips. Peak volume today rising on the 2 session move up.
AMRS
In play both ways. As a long on continuation of momentum above 4.67/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 4.50 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 4.50. The fade is more likely given the price action on Wednesday, but keep an open mind.
ZHNE
Bullish Engulfing. I like this long over 4.03/holds. Low volume on the rise, which is a good 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 3.90 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
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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