SNGX
Watch once more. A burst Supernovae. More redness early possible.
RWLK
Another big up day, Supernovae, still maturing. Possible short on weakness.
RLOC
Again one more look for a fade on weakness. Rose today but still up a lot. A recent red session Supernovae.
CNIT
New Supernovae scan return. A 5+ day move up which closed under the highs and above the open. Volume near highs Wednesday. 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 Thursday 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.
AZUR
Another new Supernovae. See comments on the above stock which this resembles. Possible fade.
PIP
Almost 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 2.10) and holds. Avoid shorts, keep flat on true weakness. Nice move above 1.60. Needs to keep above the Wednesday close, or at least above 1.70 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 1.95 are ideal for aggressive entry.
LINE
B/O scan. I like it long back over 1.74 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Wednesday or the 1st 30 minute low of Thursday. Avoid all shorts and all big gaps. The low on Wednesday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Huge volume on the rise, a poor sign for new buys. Exiting below 1.50 on fails after trigger entry is possibly advisable. Early r/g buy?
New users: Read my trading guide for my play set-ups!
Review my blog at Investimonials:
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Watch my instructional trading videos on YouTube:
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The blog has a terms of service. Be sure to read it at:
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Watch once more. A burst Supernovae. More redness early possible.
RWLK
Another big up day, Supernovae, still maturing. Possible short on weakness.
RLOC
Again one more look for a fade on weakness. Rose today but still up a lot. A recent red session Supernovae.
CNIT
New Supernovae scan return. A 5+ day move up which closed under the highs and above the open. Volume near highs Wednesday. 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 Thursday 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.
AZUR
Another new Supernovae. See comments on the above stock which this resembles. Possible fade.
PIP
Almost 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 2.10) and holds. Avoid shorts, keep flat on true weakness. Nice move above 1.60. Needs to keep above the Wednesday close, or at least above 1.70 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 1.95 are ideal for aggressive entry.
LINE
B/O scan. I like it long back over 1.74 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Wednesday or the 1st 30 minute low of Thursday. Avoid all shorts and all big gaps. The low on Wednesday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Huge volume on the rise, a poor sign for new buys. Exiting below 1.50 on fails after trigger entry is possibly advisable. Early r/g buy?
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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