DGLY
Supernovae, still maturing. Review my previous comments, still in effect. Rose over 14% Tuesday on lesser volume. Potential short on over extended weakness. Big gap up today with a weak close.
JRJC
An initial red session Supernovae that advanced less than 2% today. See my comments for last time, still in effect for a possible fade entry.
HGSH
Supernovae, still maturing. See my previous comments which are mostly applicable. Rose over 14% today from a gap up on similar volume to last time. Potential short.
AFFY
New Supernovae scan return. A 5 day move up which closed below the highs and above the open. Volume a bit lower Tuesday. 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 Wednesday 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.
VII
Another new Supernovae. See my comments for AFFY above, which this play resembles. It rose 2 days, this time on peak huge volume. Potential fade.
PT
B/O scan. I like it long back over 2.02 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Tuesday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Tuesday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Modest volume on the rise, a fair sign for new buys. Exiting below 1.95 on fails after trigger entry is possibly advisable. Early r/g buy?
PHK
Bullish Engulfing. I like this long over 12.91/holds. Small 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 Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is not too far away to use as a stop. Ideally stays above 12.75 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
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Supernovae, still maturing. Review my previous comments, still in effect. Rose over 14% Tuesday on lesser volume. Potential short on over extended weakness. Big gap up today with a weak close.
JRJC
An initial red session Supernovae that advanced less than 2% today. See my comments for last time, still in effect for a possible fade entry.
HGSH
Supernovae, still maturing. See my previous comments which are mostly applicable. Rose over 14% today from a gap up on similar volume to last time. Potential short.
AFFY
New Supernovae scan return. A 5 day move up which closed below the highs and above the open. Volume a bit lower Tuesday. 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 Wednesday 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.
VII
Another new Supernovae. See my comments for AFFY above, which this play resembles. It rose 2 days, this time on peak huge volume. Potential fade.
PT
B/O scan. I like it long back over 2.02 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Tuesday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Tuesday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Modest volume on the rise, a fair sign for new buys. Exiting below 1.95 on fails after trigger entry is possibly advisable. Early r/g buy?
PHK
Bullish Engulfing. I like this long over 12.91/holds. Small 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 Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is not too far away to use as a stop. Ideally stays above 12.75 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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