Wednesday, March 05, 2014

Watchers for the 3-6-14 trading session

ELTP

Again see my previous comments. Another rise day, potential short. Really overdue for a down session.


ATTBF

Same thing here. Another bit up session, potential short on another maturing Supernovae scan.


ZBB

New Supernovae scan return. A 2 day move up which closed below the highs and below the open. Volume increasing 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.


LXRP

Another new Supernovae, see my comments for the above stock for general approach tips. This one advanced one day on huge peak volume. Potential short on weakness.


THNS 

Another new Supernovae, see the comments for ZBB above for general approach tips. This one rose one session, closing well under the highs and beneath the open. Possible fade on weakness.


RVDO

Another new Supernovae, see the comments for ZBB above for general approach tips. This one rose one session, closing well under the highs and beneath the open. Possible fade on weakness.


ABAT

Yet another new Supernovae. See my comments for ZBB above for general approach tips. This one rose for 5 days on increasing volume. Potential short on weakness.


XGTI

Another new Supernovae. See my comments for ZBB above for general approach tips. A 4 day rise on varied volume. Potential short on weakness.


MVTG

Another new Supernovae. See my comments for ZBB above for general approach tips. A 4 day rise on varied volume. Potential short on weakness.


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