AMBS
Supernovae, still maturing. See my previous comments for general approaches. Ended up almost 92% today on peak volume.
ENDV
New Supernovae scan return. A 2 day move up which closed under the highs and above the open. Volume near highs Monday. 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 Tuesday 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.
MNGA
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 1.77) and holds. Avoid shorts, keep flat on true weakness. Nice move above 1.70. Needs to keep above the Monday 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 1.74 are ideal for aggressive entry.
ARC
B/O scan. I like it long back over 5.09 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday 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?
CIA
Bullish Engulfing. I like this long over 8.75/holds. Moderate volume on the rise, which is a tepid 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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 8.48 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
NE
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is very large. Use the previous session close alternatively instead. Trigger is above the high of last time, here above 11.88/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 11.80 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Moderate sell volume, which may mean overt buy interest is still developing, suggesting reversal north is unclear.
AVP
I like this long on a break out over 4.51/holds. Or on a spike up at or near the gun as a scalp buy. Keep flat on after the noise candle bearish price action or on morning panic dumps. Watch for a early pseudo weakness with a a red to green move to purchase into. Avoid all big gaps and shorts. Possible short squeeze over the trigger. Modest volume gap down debut decent rise on Monday. Requires constant monitoring. Stops just under 4.35 is one risk managing approach, since a fail back under indicates failure on the buy.
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Supernovae, still maturing. See my previous comments for general approaches. Ended up almost 92% today on peak volume.
ENDV
New Supernovae scan return. A 2 day move up which closed under the highs and above the open. Volume near highs Monday. 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 Tuesday 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.
MNGA
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 1.77) and holds. Avoid shorts, keep flat on true weakness. Nice move above 1.70. Needs to keep above the Monday 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 1.74 are ideal for aggressive entry.
ARC
B/O scan. I like it long back over 5.09 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday 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?
CIA
Bullish Engulfing. I like this long over 8.75/holds. Moderate volume on the rise, which is a tepid 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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 8.48 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
NE
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is very large. Use the previous session close alternatively instead. Trigger is above the high of last time, here above 11.88/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 11.80 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Moderate sell volume, which may mean overt buy interest is still developing, suggesting reversal north is unclear.
AVP
I like this long on a break out over 4.51/holds. Or on a spike up at or near the gun as a scalp buy. Keep flat on after the noise candle bearish price action or on morning panic dumps. Watch for a early pseudo weakness with a a red to green move to purchase into. Avoid all big gaps and shorts. Possible short squeeze over the trigger. Modest volume gap down debut decent rise on Monday. Requires constant monitoring. Stops just under 4.35 is one risk managing approach, since a fail back under indicates failure on the 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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