CSTM
Watch again for a possible fade gravy entry. Fell almost 4% Thursday on small volume but still up a bunch.
HART
Again watch, up tons. Rose over 10% today but worth a watch for a fade on weakness. Closed under the debut.
KBIO
Supernovae, still maturing. See my previous comments, still in effect. Rose on peak volume off a huge gap up today.
RKDA
In play both ways. As a long on continuation of momentum above 4.35/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 4/and holds. Or as a scalp sell on a pop down at or near the bell. Avoid all big gaps. Be careful maintaining a short on a reversal back over 4.35. The fade is more likely given the price action on Thursday, but keep an open mind.
HIMX
Red floater scan return. Idea is to play for more down side on day 2. Closed down a bit over 2% on Thursday off a gap down open that ended below the debut. Stop just above the Thursday session high (7.52) 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. Modest sell volume on Thursday means it may have some chances to work. A 7.50 fail may be ideal. Avoid big gaps/longs. Panic dump?
AG
B/O scan. I like it long back over 3.25 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Thursday or the 1st 30 minute low of Friday. Avoid all shorts and all big gaps. The low on Thursday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Low volume on the rise, a good sign for new buys. Exiting below 3.10 on fails after trigger entry is possibly advisable. Early r/g buy?
SDT
Bullish Engulfing. I like this long over 2.85/holds. Low volume on the rise, which is a fair 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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 2.70 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
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Watch again for a possible fade gravy entry. Fell almost 4% Thursday on small volume but still up a bunch.
HART
Again watch, up tons. Rose over 10% today but worth a watch for a fade on weakness. Closed under the debut.
KBIO
Supernovae, still maturing. See my previous comments, still in effect. Rose on peak volume off a huge gap up today.
RKDA
In play both ways. As a long on continuation of momentum above 4.35/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 4/and holds. Or as a scalp sell on a pop down at or near the bell. Avoid all big gaps. Be careful maintaining a short on a reversal back over 4.35. The fade is more likely given the price action on Thursday, but keep an open mind.
HIMX
Red floater scan return. Idea is to play for more down side on day 2. Closed down a bit over 2% on Thursday off a gap down open that ended below the debut. Stop just above the Thursday session high (7.52) 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. Modest sell volume on Thursday means it may have some chances to work. A 7.50 fail may be ideal. Avoid big gaps/longs. Panic dump?
AG
B/O scan. I like it long back over 3.25 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Thursday or the 1st 30 minute low of Friday. Avoid all shorts and all big gaps. The low on Thursday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Low volume on the rise, a good sign for new buys. Exiting below 3.10 on fails after trigger entry is possibly advisable. Early r/g buy?
SDT
Bullish Engulfing. I like this long over 2.85/holds. Low volume on the rise, which is a fair 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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 2.70 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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