HART
Again watch, up tons. Rose over 7% Friday 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 over 75% off a huge gap up Friday.
MCUR
New Supernovae scan return. A 2 day move up which closed under 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.
LMAT
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 16) and holds. Avoid shorts, keep flat on true weakness. Nice move above 15. Needs to keep above the Friday close, or at least above 15 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 15.77 are ideal for aggressive entry.
TCPI
In play both ways. As a long on continuation of momentum above 1.21/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 1/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 1.21. The fade is more likely given the price action on Friday, but keep an open mind.
GNW
B/O scan. I like it long back over 5.08 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Friday or the 1st 30 minute low of Monday. Avoid all shorts and all big gaps. The low on Friday 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 4.90 on fails after trigger entry is possibly advisable. Early r/g buy?
JFR
Bullish Engulfing. I like this long over 9.74/holds. Medium 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 9.65 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!
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Again watch, up tons. Rose over 7% Friday 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 over 75% off a huge gap up Friday.
MCUR
New Supernovae scan return. A 2 day move up which closed under 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.
LMAT
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 16) and holds. Avoid shorts, keep flat on true weakness. Nice move above 15. Needs to keep above the Friday close, or at least above 15 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 15.77 are ideal for aggressive entry.
TCPI
In play both ways. As a long on continuation of momentum above 1.21/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 1/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 1.21. The fade is more likely given the price action on Friday, but keep an open mind.
GNW
B/O scan. I like it long back over 5.08 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Friday or the 1st 30 minute low of Monday. Avoid all shorts and all big gaps. The low on Friday 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 4.90 on fails after trigger entry is possibly advisable. Early r/g buy?
JFR
Bullish Engulfing. I like this long over 9.74/holds. Medium 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 9.65 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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