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
First red day Supernovae. Finished red under 1.5% 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 nominally likely given the weak 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 big, range fairly wide, too. Suspect/weak short signals but watch it.
PRGNF
Another initial red session Supernovae. See my comments above for rough approaches. Ended down over 16% so it might not keep up the reddening.
ESEA
New Supernovae scan return. A 2 day move up which closed under the highs and above the open. Volume huge Tuesday. 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 Wednesday 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.
DCIX
Another new Supernovae. See my comments for the above stock for rough approaches. Fade play.
TOPS
Another new Supernovae. See my comments for ESEA for rough approaches. Fade on weakness.
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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
First red day Supernovae. Finished red under 1.5% 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 nominally likely given the weak 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 big, range fairly wide, too. Suspect/weak short signals but watch it.
PRGNF
Another initial red session Supernovae. See my comments above for rough approaches. Ended down over 16% so it might not keep up the reddening.
ESEA
New Supernovae scan return. A 2 day move up which closed under the highs and above the open. Volume huge Tuesday. 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 Wednesday 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.
DCIX
Another new Supernovae. See my comments for the above stock for rough approaches. Fade play.
TOPS
Another new Supernovae. See my comments for ESEA for rough approaches. Fade on weakness.
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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