RLJE
New Supernovae scan return. A 3 day move up which closed at the highs and above the open. Volume 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.
LLEX
Another new Supernovae, see my comments for the above play which this resembles. Potential short.
MEIL
Another new Supernovae, see my comments for the above 2 stocks which this resembles. Potential fade.
TGC
Another new Supernovae, see my comments for the above 3 stocks which this resembles. Potential fade entry.
TIGR
Another new Supernovae, see my comments for the above 4 stocks which this resembles. Potential fade play.
NTN
Yet another new Supernovae. See my comments for the previous plays which this resembles.
DAKP
Yet another new Supernovae. See my comments for the previous plays which this resembles.
CANF
This new Supernovae has a few up days to reach the scan, but it's similar to the first one so see those comments.
DAEG
Another new Supernovae with a few up days which resembles the first one. See those comments.
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:
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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
New Supernovae scan return. A 3 day move up which closed at the highs and above the open. Volume 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.
LLEX
Another new Supernovae, see my comments for the above play which this resembles. Potential short.
MEIL
Another new Supernovae, see my comments for the above 2 stocks which this resembles. Potential fade.
TGC
Another new Supernovae, see my comments for the above 3 stocks which this resembles. Potential fade entry.
TIGR
Another new Supernovae, see my comments for the above 4 stocks which this resembles. Potential fade play.
NTN
Yet another new Supernovae. See my comments for the previous plays which this resembles.
DAKP
Yet another new Supernovae. See my comments for the previous plays which this resembles.
CANF
This new Supernovae has a few up days to reach the scan, but it's similar to the first one so see those comments.
DAEG
Another new Supernovae with a few up days which resembles the first one. See those comments.
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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