CDRB
First red day Supernovae. Finished red over 9.5% last time, so more down side might be in the cards. If it had fallen much more than 10% then less 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 fairly likely given the decent 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 low, range modest. Fair short signals at worst on those counts, so watch it.
TRTC
Supernovae, still maturing. See my previous comments for details of fading on weakness.
HIMX
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 12) and holds. Avoid shorts, keep flat on true weakness. Nice move above 11. Needs to keep above the Tuesday close, or at least above 11.50 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 12 are ideal for aggressive entry.
ZHNE
In play both ways. As a long on continuation of momentum above 1.77/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 1.50/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 1.77. The fade is more likely given the price action on Tuesday, but keep an open mind.
ICLD
Red floater scan return. Idea is to play for more down side on day 2. Closed down a bit under 6.5% on Tuesday off a flat open that ended below the debut. Stop just above the Tuesday session high (1.09) 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. Low sell volume on Tuesday means it may have possible chances to work. A 1 fail may be ideal. Avoid big gaps/longs. Panic dump?
BDSI
B/O scan. I like it long back over 3.10 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Tuesday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Tuesday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Modest volume on the rise, a fair sign for new buys. Exiting below 3 on fails after trigger entry is possibly advisable. Early r/g buy?
HBAN
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 open alternatively instead. Trigger is above the high of last time, here above 9.54/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 9.53 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Low buy volume, which may mean overt buy interest is just developing, suggesting reversal upwards is not here yet.
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First red day Supernovae. Finished red over 9.5% last time, so more down side might be in the cards. If it had fallen much more than 10% then less 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 fairly likely given the decent 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 low, range modest. Fair short signals at worst on those counts, so watch it.
TRTC
Supernovae, still maturing. See my previous comments for details of fading on weakness.
HIMX
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 12) and holds. Avoid shorts, keep flat on true weakness. Nice move above 11. Needs to keep above the Tuesday close, or at least above 11.50 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 12 are ideal for aggressive entry.
ZHNE
In play both ways. As a long on continuation of momentum above 1.77/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 1.50/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 1.77. The fade is more likely given the price action on Tuesday, but keep an open mind.
ICLD
Red floater scan return. Idea is to play for more down side on day 2. Closed down a bit under 6.5% on Tuesday off a flat open that ended below the debut. Stop just above the Tuesday session high (1.09) 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. Low sell volume on Tuesday means it may have possible chances to work. A 1 fail may be ideal. Avoid big gaps/longs. Panic dump?
BDSI
B/O scan. I like it long back over 3.10 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Tuesday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Tuesday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Modest volume on the rise, a fair sign for new buys. Exiting below 3 on fails after trigger entry is possibly advisable. Early r/g buy?
HBAN
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 open alternatively instead. Trigger is above the high of last time, here above 9.54/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 9.53 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Low buy volume, which may mean overt buy interest is just developing, suggesting reversal upwards is not here yet.
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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