HERB
See my comments from last time, mostly the same. It finished nearly unchanged, so this might crack again for gravy on weakness.
ELTP
Ditto here. This daily doji printed, and ended almost unchanged. Potential gravy short. See previous analysis.
WLCDF
First red day Supernovae. Finished over 11% 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 rather 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 moderate, range a bit bigger. Tepid short signals at best on those counts, but watch it.
JOES
Another initial red session Supernovae, see my comments for the above stock for general approach tips. This one fell under 7% so more downside gravy seems a better bet.
ATTBF
New Supernovae scan return. A 4 day move up which closed below the highs and above the open. Volume varied most days in the run, lower 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.
MY
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 4.05) and holds. Avoid shorts, keep flat on true weakness. Nice move above 3.50. Needs to keep above the Friday close, or at least above 3.75 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 4 are ideal for aggressive entry.
SYCRF
Red floater scan return. Idea is to play for more, real down side on day 2. Closed up 0.50% on Friday off a gap up open that ended below the debut. Stop just above the Friday session high (2.15) to cap losses on head fake fade entries. I'm only into the shorting possibility if it surfaces, keeping flat on strength. Also a short on heavy volume dumps/confirmed weakness cues. Low buy volume on Friday means it may have good chances to work. A 2 fail may be ideal. Avoid big gaps/longs. Panic dump?
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
See my comments from last time, mostly the same. It finished nearly unchanged, so this might crack again for gravy on weakness.
ELTP
Ditto here. This daily doji printed, and ended almost unchanged. Potential gravy short. See previous analysis.
WLCDF
First red day Supernovae. Finished over 11% 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 rather 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 moderate, range a bit bigger. Tepid short signals at best on those counts, but watch it.
JOES
Another initial red session Supernovae, see my comments for the above stock for general approach tips. This one fell under 7% so more downside gravy seems a better bet.
ATTBF
New Supernovae scan return. A 4 day move up which closed below the highs and above the open. Volume varied most days in the run, lower 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.
MY
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 4.05) and holds. Avoid shorts, keep flat on true weakness. Nice move above 3.50. Needs to keep above the Friday close, or at least above 3.75 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 4 are ideal for aggressive entry.
SYCRF
Red floater scan return. Idea is to play for more, real down side on day 2. Closed up 0.50% on Friday off a gap up open that ended below the debut. Stop just above the Friday session high (2.15) to cap losses on head fake fade entries. I'm only into the shorting possibility if it surfaces, keeping flat on strength. Also a short on heavy volume dumps/confirmed weakness cues. Low buy volume on Friday means it may have good chances to work. A 2 fail may be ideal. Avoid big gaps/longs. Panic dump?
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