HADV
Watch again, rose to new highs, possible short of Supernovae still maturing.
VNRBP
Same situation here, possible short on weakness, rose to new highs.
CTRV
First red day Supernovae. Finished red under 9% 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 reasonably likely given the clear red result of Wednesday. 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 fairly wide, though. Suspect and unclear short signals but watch it.
CBDS
Another initial red session Supernovae, see the comments for the above stock which this resembles. Possible fade on weakness. Fell just 4.5% or so.
CGRW
Another initial red session Supernovae, see the comments for the above stock which this resembles. Possible fade on weakness. Fell over 12.5% so the odds are not so promising likely.
LINEQ
Supernovae, still maturing. See my previous comments on this. Possible short on weakness.
ISSM
In play both ways. As a long on continuation of momentum above 1.20/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/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 1.05. The fade is more likely given the price action on Wednesday, but keep an open mind.
New users: Read my trading guide for my play set-ups!
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Watch again, rose to new highs, possible short of Supernovae still maturing.
VNRBP
Same situation here, possible short on weakness, rose to new highs.
CTRV
First red day Supernovae. Finished red under 9% 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 reasonably likely given the clear red result of Wednesday. 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 fairly wide, though. Suspect and unclear short signals but watch it.
CBDS
Another initial red session Supernovae, see the comments for the above stock which this resembles. Possible fade on weakness. Fell just 4.5% or so.
CGRW
Another initial red session Supernovae, see the comments for the above stock which this resembles. Possible fade on weakness. Fell over 12.5% so the odds are not so promising likely.
LINEQ
Supernovae, still maturing. See my previous comments on this. Possible short on weakness.
ISSM
In play both ways. As a long on continuation of momentum above 1.20/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/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 1.05. The fade is more likely given the price action on Wednesday, but keep an open mind.
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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