OXGN
First red day Supernovae. Finished down less than 6.5% last time, so more down side might be realistic. 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 less likely given the moderate degree of reddening on Friday. Down a tad A/H. 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. Avoid spike up long scalps, too. Selling volume was moderately intense, price range inter-session was wider.
QTWW
1st red day Supernovae. See my comments for the above stock, which this play resembles, for entry/exit/play management tips. Like above, selling volume was moderately intense, price range inter-session was wider. Fell only somewhat more than 3% last time, which might mean more gravy downside is in reach if it triggers. No A/H quote.
JCOF
1st red day Supernovae. See my comments for OXGN/QTWW, which this play also resembles, for entry/exit/play management tips. Selling volume was fairly intense, price range inter-session was even wider. Fell somewhat more than 8% last time, which might mean less gravy downside is in reach if it triggers. No A/H quote.
RVDO
New Supernovae scan return. A few days move up which closed off of the highs but above the open. Volume is rising fast. 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 Monday and spike down for a short scalp. This might even be a gap and crap. A fade on confirmed weakness cues 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, avoid scalping long. No A/H quote.
PSPW
Another new Supernovae. See my comments for the above stock, which this play resembles, for entry/exit/play management tips. Closed lower than it opened slightly, unlike the above stock, which might argue favorably for shorting if it weakens correctly. Almost a daily doji like print on Friday with a gap up.
LFVN
Here's another easy/early feedback set up that I like. A price correction is returning to the level of the initial drop debut. That peak price is also a psychologically important level, 2 bucks. Fails there are shorts, while sustaining 2+ is a long. A tight stop is possible coming from either direction on the trade just over or under 2. This has some momentum, and I would like to see that continue, but it's in play both ways accordingly. Also new 52's. Short term, these yearly high stocks usually 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 and holds. No A/H quote.
HENC
An OTC stock which might be a swing if it can keep up its existing momentum. Annual highs are at 0.46 and a conquering of that is a long. 0.40 is the 1st test, and it might not survive that, which means a fail there is a possible short. I hope we bust over to go long and keep going for the test I described first. 0.34 is near term support, under which a stop should be placed if going long. Volume has picked up recently, unclear just why.
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First red day Supernovae. Finished down less than 6.5% last time, so more down side might be realistic. 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 less likely given the moderate degree of reddening on Friday. Down a tad A/H. 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. Avoid spike up long scalps, too. Selling volume was moderately intense, price range inter-session was wider.
QTWW
1st red day Supernovae. See my comments for the above stock, which this play resembles, for entry/exit/play management tips. Like above, selling volume was moderately intense, price range inter-session was wider. Fell only somewhat more than 3% last time, which might mean more gravy downside is in reach if it triggers. No A/H quote.
JCOF
1st red day Supernovae. See my comments for OXGN/QTWW, which this play also resembles, for entry/exit/play management tips. Selling volume was fairly intense, price range inter-session was even wider. Fell somewhat more than 8% last time, which might mean less gravy downside is in reach if it triggers. No A/H quote.
RVDO
New Supernovae scan return. A few days move up which closed off of the highs but above the open. Volume is rising fast. 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 Monday and spike down for a short scalp. This might even be a gap and crap. A fade on confirmed weakness cues 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, avoid scalping long. No A/H quote.
PSPW
Another new Supernovae. See my comments for the above stock, which this play resembles, for entry/exit/play management tips. Closed lower than it opened slightly, unlike the above stock, which might argue favorably for shorting if it weakens correctly. Almost a daily doji like print on Friday with a gap up.
LFVN
Here's another easy/early feedback set up that I like. A price correction is returning to the level of the initial drop debut. That peak price is also a psychologically important level, 2 bucks. Fails there are shorts, while sustaining 2+ is a long. A tight stop is possible coming from either direction on the trade just over or under 2. This has some momentum, and I would like to see that continue, but it's in play both ways accordingly. Also new 52's. Short term, these yearly high stocks usually 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 and holds. No A/H quote.
HENC
An OTC stock which might be a swing if it can keep up its existing momentum. Annual highs are at 0.46 and a conquering of that is a long. 0.40 is the 1st test, and it might not survive that, which means a fail there is a possible short. I hope we bust over to go long and keep going for the test I described first. 0.34 is near term support, under which a stop should be placed if going long. Volume has picked up recently, unclear just why.
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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