RPRX
Watch yet again. Still up a lot. Sell volume dropping so watch out and obey stops. Recent Supernovae.
EBIO
Supernovae, still maturing. See my previous comments. Potential fade on weakness. Rose over 21% today.
CAPR
In play both ways. As a long on continuation of momentum above 4.42/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/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 4.17. The fade is more likely given the price action on Thursday, but keep an open mind.
AMLP
Red floater scan return. Idea is to play for more, real down side on day 2. Closed up a bit on Thursday off a gap up open that ended below the debut. Stop just above the Thursday session high (12.25) 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. Modest buy volume on Thursday means it may have unclear chances to work. A 12 fail may be ideal. Avoid big gaps/longs. Panic dump?
LYG
B/O scan. I like it long back over 4.02 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Thursday or the 1st 30 minute low of Friday. Avoid all shorts and all big gaps. The low on Thursday is not too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Medium volume on the rise, a mdeiocre sign for new buys. Exiting below 3.97 on fails after trigger entry is possibly advisable. Early r/g buy?
PTCT
Bullish Engulfing. I like this long over 8.41/holds. Low volume on the rise, which is a good 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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is too far away to use for stops. Ideally stays above 8 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
AMID
I like this long on a break out over 9.09/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. Low volume gap up debut decent rise on Thursday. Requires constant monitoring. Stops just under 8.75 is one risk managing approach, since a fail back under indicates failure on the buy.
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Watch yet again. Still up a lot. Sell volume dropping so watch out and obey stops. Recent Supernovae.
EBIO
Supernovae, still maturing. See my previous comments. Potential fade on weakness. Rose over 21% today.
CAPR
In play both ways. As a long on continuation of momentum above 4.42/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/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 4.17. The fade is more likely given the price action on Thursday, but keep an open mind.
AMLP
Red floater scan return. Idea is to play for more, real down side on day 2. Closed up a bit on Thursday off a gap up open that ended below the debut. Stop just above the Thursday session high (12.25) 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. Modest buy volume on Thursday means it may have unclear chances to work. A 12 fail may be ideal. Avoid big gaps/longs. Panic dump?
LYG
B/O scan. I like it long back over 4.02 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Thursday or the 1st 30 minute low of Friday. Avoid all shorts and all big gaps. The low on Thursday is not too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Medium volume on the rise, a mdeiocre sign for new buys. Exiting below 3.97 on fails after trigger entry is possibly advisable. Early r/g buy?
PTCT
Bullish Engulfing. I like this long over 8.41/holds. Low volume on the rise, which is a good 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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is too far away to use for stops. Ideally stays above 8 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
AMID
I like this long on a break out over 9.09/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. Low volume gap up debut decent rise on Thursday. Requires constant monitoring. Stops just under 8.75 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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