ITUS
Another big up day. Watch again. Supernovae, still maturing. Possible short.
HMNY
Another big up day. Watch again. Supernovae, still maturing. Possible short.
ARDM
New Supernovae scan return. A 4 day move up which closed below the highs and below 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.
IZEA
A 4 day move up Supernovae new scan. See my comments for ARDM above for general approaches.
PGH
In play both ways. As a long on continuation of momentum above 1.23/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 1.10/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 1.21. The fade is more likely given the price action on Monday, but keep an open mind.
MIK
Bullish Engulfing. I like this long over 21.69/holds. Moderate volume on the rise, which is a fair 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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 21.24 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
New users: Read my trading guide for my play set-ups!
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Another big up day. Watch again. Supernovae, still maturing. Possible short.
HMNY
Another big up day. Watch again. Supernovae, still maturing. Possible short.
CAPR
Again see my previous comments. Rose a bit, still possible gravy fade on recent Supernovae.
ARDM
New Supernovae scan return. A 4 day move up which closed below the highs and below 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.
IZEA
A 4 day move up Supernovae new scan. See my comments for ARDM above for general approaches.
PGH
In play both ways. As a long on continuation of momentum above 1.23/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 1.10/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 1.21. The fade is more likely given the price action on Monday, but keep an open mind.
MIK
Bullish Engulfing. I like this long over 21.69/holds. Moderate volume on the rise, which is a fair 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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 21.24 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
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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