HART
Watch yet again once more, but be careful if shorting despite it still being up so much. It rose today to near highs, but should still have some red in it.
KBIO
First red day Supernovae. Finished red over 53% last time, so more down side might not be in the cards. If it had fallen much less than 10% then more could be expected as plausible. Always watch day 2 of a busted one. The plan is to play for more reddening on day 2. Conditional entry. A flat, nominally green or red open that immediately sells off on heavy volume or sports traditional confirmed weakness cues is a fade entry. Keep flat on high volume greening or strength, especially early. This is really likely given the huge red result of Tuesday. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action, like trading above the opening price level after the noise candle. Avoid spike up long scalps, too. Selling volume was moderate, range larger. Middling short signals at best on those counts, but watch it.
MCUR
Another initial red session Supernovae, ending down over 26% today. See my comments for KBIO.
AEZS
Another initial red session Supernovae. See my comments for KBIO above for possible approaches.
IO
Supernovae, still maturing. Ended down over 1.5% today off a low volume doji print. Potential fade.
AEZS
Another initial red session Supernovae. See my comments for KBIO above.
CPE
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 10.18) and holds. Avoid shorts, keep flat on true weakness. Nice move above 9.50. Needs to keep above the Tuesday close, or at least above 9.50 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 10.01 are ideal for aggressive entry.
VLTC
In play both ways. As a long on continuation of momentum above 8.60/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 8/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 8.57. The fade is more likely given the price action on Tuesday, but keep an open mind.
New users: Read my trading guide for my play set-ups!
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Watch yet again once more, but be careful if shorting despite it still being up so much. It rose today to near highs, but should still have some red in it.
KBIO
First red day Supernovae. Finished red over 53% last time, so more down side might not be in the cards. If it had fallen much less than 10% then more could be expected as plausible. Always watch day 2 of a busted one. The plan is to play for more reddening on day 2. Conditional entry. A flat, nominally green or red open that immediately sells off on heavy volume or sports traditional confirmed weakness cues is a fade entry. Keep flat on high volume greening or strength, especially early. This is really likely given the huge red result of Tuesday. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action, like trading above the opening price level after the noise candle. Avoid spike up long scalps, too. Selling volume was moderate, range larger. Middling short signals at best on those counts, but watch it.
MCUR
Another initial red session Supernovae, ending down over 26% today. See my comments for KBIO.
AEZS
Another initial red session Supernovae. See my comments for KBIO above for possible approaches.
IO
Supernovae, still maturing. Ended down over 1.5% today off a low volume doji print. Potential fade.
AEZS
Another initial red session Supernovae. See my comments for KBIO above.
CPE
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 10.18) and holds. Avoid shorts, keep flat on true weakness. Nice move above 9.50. Needs to keep above the Tuesday close, or at least above 9.50 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 10.01 are ideal for aggressive entry.
VLTC
In play both ways. As a long on continuation of momentum above 8.60/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 8/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 8.57. The fade is more likely given the price action on Tuesday, but keep an open mind.
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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