IMTC
Supernovae, still maturing. See my previous comments, still applicable for entry/exit/trade management approaches. Rose over 36% Friday on peak volume. Potential short.
RGRX
See my previous comments on this recent initial red session Supernovae. Closed unchanged Friday. Possible gravy down side.
PLPL
More soaring on this recent Supernovae. Again, see my comments for its red day. Potential short on weakness. Up over 58% Friday.
JOB
First red day Supernovae. Finished down over 18% 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 pretty likely given the sizable red result of Friday. 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 modest range sizable. Mixed short signals at best on those counts, but watch it.
VAPR
Supernovae, still maturing. See my previous comments for trade angle tips. Potential short on weakness. Rose almost 37% Friday. Volume declining, but still significant.
ORYN
New Supernovae scan return. A 5 day move up which closed below the highs and above the open. Volume increasing most days, huge peak Friday. 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 Monday 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.
FSPM
Another new Supernovae, see my comments for ORYN above for general approach details on a potential short on weakness. Rose over 35% on peak volume Friday.
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Supernovae, still maturing. See my previous comments, still applicable for entry/exit/trade management approaches. Rose over 36% Friday on peak volume. Potential short.
RGRX
See my previous comments on this recent initial red session Supernovae. Closed unchanged Friday. Possible gravy down side.
PLPL
More soaring on this recent Supernovae. Again, see my comments for its red day. Potential short on weakness. Up over 58% Friday.
JOB
First red day Supernovae. Finished down over 18% 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 pretty likely given the sizable red result of Friday. 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 modest range sizable. Mixed short signals at best on those counts, but watch it.
VAPR
Supernovae, still maturing. See my previous comments for trade angle tips. Potential short on weakness. Rose almost 37% Friday. Volume declining, but still significant.
ORYN
New Supernovae scan return. A 5 day move up which closed below the highs and above the open. Volume increasing most days, huge peak Friday. 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 Monday 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.
FSPM
Another new Supernovae, see my comments for ORYN above for general approach details on a potential short on weakness. Rose over 35% on peak volume Friday.
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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