See my previous comments. Still in play as this gap up over could still fall fail or be profit taking back under 3.50 for the short. A red floater scan return, the daily doji like print on much lower buy volume merits interest.
LOGL
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 (2.64) and holds. No A/H quote. Avoid shorts, keep flat on true weakness. Needs to keep above the Wednesday close or at least over 2.40 at worst on pull backs to remain viable as a long, aside from any early noise. Nice move on heavy volume to B/O of price correction and consolidation area on a Bullish daily chart.
CHBT
Bullish Engulfing. I like this long over the close of Wednesday which was the high. Low volume on the rise, which is a nice sign for new buyers. Keep flat on real weakness aside from a typical red to green move, etc. No A/H quote change. Stops just under the low last time or the initial 30 minute one on Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is probably too far away to use for risk management via stops. This is only a long, with triggers. Seems to be reversing/holding support.
VALV
B/O scan. I like it long on a continuation play over the close of today or better yet the high. Stops just under the close today or the 1st 30 minute low of tomorrow. Avoid all big gaps. The low of today is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Big volume on the rise today, a poor sign for new buys. Keep flat on real weakness aside from the usual r/g. Up almost 6% A/H. 2 test coming if it pulls back. If it holds over and perks up off it, it could keep going. No shorts.
NEWN
B/O scan. I like it long on a continuation play over the close of today or better yet the high. Stops just under the close today or the 1st 30 minute low of tomorrow. Avoid all big gaps. The low of today is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Big volume on the rise today, a poor sign for new buys. Keep flat on real weakness aside from the usual r/g. No A/H quote. Long slide in daily chart, reversal would be welcome. No shorts.
MDW
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 (2.61) and holds. No A/H quote change. Avoid shorts, keep flat on true weakness. Needs to keep above the Wednesday close or at least over 2.40 at worst on pull backs to remain viable as a long, aside from any early noise. Nice chart/move on modest volume to B/O of price correction and consolidation area.
GBE
Red floater scan return. Idea is to play for more, better down side on day 2. Buy volume on the moderate up day was formidable, a decent sign for new shorts. Closed lower than it opened but still positive due to the gapper. Stop above the previous session high (0.79) to cap losses on head fake fade entries. More conservatively, stop above the close on Wednesday if it starts off net negative. I'm only into the shorting possibility if it surfaces, keeping flat on strength. Also a short on heavy volume dumps/confirmed weakness cues. 0.75 test is also key, hope for a fail. If not, get out at fast.
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