DRYS
Supernovae, still maturing. See my previous comments. Potential fade.
PTCT
Supernovae, still maturing, See my comments from last time. Possible short on weakness.
EGLE
New Supernovae scan return. A 4 day move up which closed under the highs and above the open. Volume huge 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.
PRGNF
Another new Supernovae, see my comments for the above stock which this resembles. Possible fade.
CRIS
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 3.70) and holds. Avoid shorts, keep flat on true weakness. Nice move above 3.50. Needs to keep above the Monday close, or at least above 3.50 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 3.70 are ideal for aggressive entry.
ATW
B/O scan. I like it long back over 8.22 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. Large volume on the rise, a poor sign for new buys. Exiting below 7.75 on fails after trigger entry is possibly advisable. Early r/g buy?
PBR
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 9.59/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 9.57 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Large sell volume, which may mean overt buy interest is still under development, meaning a clear rise up is uncertain still.
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Supernovae, still maturing. See my previous comments. Potential fade.
PTCT
Supernovae, still maturing, See my comments from last time. Possible short on weakness.
EGLE
New Supernovae scan return. A 4 day move up which closed under the highs and above the open. Volume huge 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.
PRGNF
Another new Supernovae, see my comments for the above stock which this resembles. Possible fade.
CRIS
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 3.70) and holds. Avoid shorts, keep flat on true weakness. Nice move above 3.50. Needs to keep above the Monday close, or at least above 3.50 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 3.70 are ideal for aggressive entry.
ATW
B/O scan. I like it long back over 8.22 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. Large volume on the rise, a poor sign for new buys. Exiting below 7.75 on fails after trigger entry is possibly advisable. Early r/g buy?
PBR
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 9.59/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 9.57 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Large sell volume, which may mean overt buy interest is still under development, meaning a clear rise up is uncertain still.
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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