IZEA
Almost no volume low rise. See my previous comments. Possible short.
ARDM
Still up a lot. Potential fade. See my previous comments.
HMNY
Another leg up. See my previous comments. Another fade on weakness possible.
ECYT
Still up a lot. See my previous comments. Possible fade on weakness.
RGSE
First red day Supernovae. Finished red over 24% last time, so more down side might not be in the cards. If it had fallen much less than 10% then more 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 very likely given the big red result of Thursday. 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. Sell volume was low, range wider. Mediocre to mixed short signals at best but watch it.
MNKD
New Supernovae scan return. A 4 day move up which closed below the highs and above the open. Volume big Thursday. 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 Friday 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.
NETE
Another new Supernovae, still my comments for the above stock for general approach tips.
New users: Read my trading guide for my play set-ups!
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Almost no volume low rise. See my previous comments. Possible short.
ARDM
Still up a lot. Potential fade. See my previous comments.
HMNY
Another leg up. See my previous comments. Another fade on weakness possible.
ECYT
Still up a lot. See my previous comments. Possible fade on weakness.
RGSE
First red day Supernovae. Finished red over 24% last time, so more down side might not be in the cards. If it had fallen much less than 10% then more 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 very likely given the big red result of Thursday. 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. Sell volume was low, range wider. Mediocre to mixed short signals at best but watch it.
MNKD
New Supernovae scan return. A 4 day move up which closed below the highs and above the open. Volume big Thursday. 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 Friday 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.
NETE
Another new Supernovae, still my comments for the above stock for general approach tips.
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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