CDRB
Watch again. An up day but still up tons, near previous highs before the initial red session on this Supernovae.
YRD
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 11.98) and holds. Avoid shorts, keep flat on true weakness. Nice move above 11. Needs to keep above the Wednesday close, or at least above 11 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 11.86 are ideal for aggressive entry.
CGRW
I like this short on over extension on a gap and crap top fish or better a fall fail back under 0.90/holds. Avoid big gap downs. Also short on confirmed weakness cues or panic dumps at any time, possibly scalping. Keep in mind many plays like this go on longer than anticipated; it would not surprise me if it overtakes 0.90 and keeps going a bit. Stops above Wednesday's high at worst.
LEU
In play both ways. As a long on continuation of momentum above 4.57/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 4.31/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 4.50. The fade is more likely given the price action on Wednesday, but keep an open mind.
BDSI
B/O scan. I like it long back over 3.47 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. Modest volume on the rise, a fair sign for new buys. Exiting below 3.25 on fails after trigger entry is possibly advisable. Early r/g buy?
GLBL
Bullish Engulfing. I like this long over 2.25/holds. Strong volume on the rise, which is a poor 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 Thutsday. More conservatively a stop placed under Wednesday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 2.18 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
KTWO
I like this long on a break out over 15.07/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 up debut sizable rise on Wednesday. Requires constant monitoring. Stops just under 14.50 is one risk managing approach, since a fail back under indicates failure on the buy.
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Watch again. An up day but still up tons, near previous highs before the initial red session on this Supernovae.
YRD
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 11.98) and holds. Avoid shorts, keep flat on true weakness. Nice move above 11. Needs to keep above the Wednesday close, or at least above 11 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 11.86 are ideal for aggressive entry.
CGRW
I like this short on over extension on a gap and crap top fish or better a fall fail back under 0.90/holds. Avoid big gap downs. Also short on confirmed weakness cues or panic dumps at any time, possibly scalping. Keep in mind many plays like this go on longer than anticipated; it would not surprise me if it overtakes 0.90 and keeps going a bit. Stops above Wednesday's high at worst.
LEU
In play both ways. As a long on continuation of momentum above 4.57/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 4.31/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 4.50. The fade is more likely given the price action on Wednesday, but keep an open mind.
BDSI
B/O scan. I like it long back over 3.47 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. Modest volume on the rise, a fair sign for new buys. Exiting below 3.25 on fails after trigger entry is possibly advisable. Early r/g buy?
GLBL
Bullish Engulfing. I like this long over 2.25/holds. Strong volume on the rise, which is a poor 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 Thutsday. More conservatively a stop placed under Wednesday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 2.18 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
KTWO
I like this long on a break out over 15.07/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 up debut sizable rise on Wednesday. Requires constant monitoring. Stops just under 14.50 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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