COIN from Thursday and Friday’s trading session - the buy, on the $4.60 break provided near 15% returns currently sitting at $5.16. This is a great bottom reversal stock, many thought it would be a one day pop and drop and sell off as we saw with the previous two attempts. However, once it consolidated higher and held the first day’s gain support kicked in and it broke the previous days highs. This has room to run towards $6, I’d expect a squeeze out of open followed by a sell off - I’m looking for weakness shortly after the open (only if it gaps and runs, otherwise it may turn into a gradual squeezer like the previous two days). More comments to come tomorrow.
STSI $2.75 as mentioned Thursday was the most important break for continuation, the $3 break was the secondary break for the squeeze to kick in. It held support all day (with a stop order just below) and squeezed into close as we had hoped. Should be a gap and potential squeeze out of open, don’t marry this one be happy with the quick profits the past few days in my opinion.
JMBA nice gradual move Friday, the move happened in the first 30 minutes of the day and consolidated through the remainder. This is important because it provides us with a support resistance area. A few cents below $1.30 is a good stop order for the longs (from this level) the longs from previous levels probably won’t be selling since their down nearly 50% in the past 3 months. This could easily run towards $1.65-1.80 range but I wouldn’t count it as a contester until it proves it can take out $1.42 (previous days highs) and $1.50 ( physiological break)
BBX two previous attempts have failed to break and stay above $2, this time has had about a month of consolidation to support this move, if it dips and holds $1.75 I’m a buyer and double up on the $2.00 break.
SIGA a pleasant surprise into close Friday, a lot of money made in chat in the last 20 minutes of trading, watch for the gap, squeeze and sell off to short on. It may hold $3.50 but IF it breaks this should be an easy cover back towards $3.25. Keep this one on watch for sure, as it will be volatile and I’ll probably have more comments tomorrow and trading it. Keep in mind if this begins to consolidate anywhere above $3.25 you should be thinking a long - this will provide a lot of trading opportunities in both directions.
TTM on watch for a buy on the $10 break with a tight stop right under it, higher consolidation on the lows may lead to higher
UPFC watch for a double top at $4.00’s and change.
NOVL looks like a decent reversal stock - $6.50 break/consolidation can support a move +1.00-1.50 higher.
LCCI 168% move Friday, there are borrows available with a few brokers I checked. Don’t jump on it right away let it trade out of open and find out what it’s going to do before going short. A few weeks ago there were a few stocks that came up from .25-.35 cents and hit .75, so careful in case it spikes out of open.
RSS Feed
September 1st, 2008 at 11:39 pm
LCCI
After Hours: 0.196 -0.394 (-66.86%) - Aug 29, 4:12PM EDT
http://finance.google.com/finance?q=LCCI&ie=UTF-8&oe=utf-8&rls=org.mozilla:en-US:official&client=firefox-a&um=1&sa=N&tab=we
September 1st, 2008 at 11:46 pm
JCastellon - It’s just a misprint, that can be very easily manipulated by 100 shares, take a look at the prints after hours - depending where you look some even say it closed at .76 after hours. It doesn’t really look like it traded at all after hours - tomorrow pre market is what will matter.
0.76 100 PAC 16:00:10
0.59 50000 NGS 16:00:06
0.49 400 CBW 16:00:03
0.48 700 PAC 16:00:03
0.45 100 NGS 16:00:02
0.45 300 NGS 16:00:02
0.45 500 NGS 16:00:01
0.45 200 NGS 16:00:01
0.45 100 NGS 16:00:01
0.42 200 NGS 16:00:01
0.37 155 NGS 16:00:00
0.37 100 NGS 16:00:00
0.35 100 NGS 16:00:00
0.34 145 NGS 16:00:00
0.34 500 NGS 16:00:00
0.34 500 NGS 16:00:00
0.34 500 NGS 16:00:00
0.34 355 NGS 16:00:00
0.32 100 NGS 16:00:00
0.30 445 NGS 16:00:00
September 1st, 2008 at 11:52 pm
I really like two of these scans J. Hopefully those two will provide the entry points necessary. Nice site upgrade but the only annoying thing is that the page refreshes every minute and one must continuously scroll down to view the bottom portions of the page.
BTW, what’s it going to take to get HEK on your scan?? Has volume, traded at all time closing high (19 cents of all-time high), great chart. What am I missing here?
September 1st, 2008 at 11:58 pm
Should be every 2 minutes since it’ll be a bit more interactive, since as you know I’ve been doing more comments during the day.. thanks for your input and I’ll work that into tomorrow’s update.
September 2nd, 2008 at 12:09 am
HEK great chart now, it missed scan because of % move I think, I’m not sure why it’s not on there actually - beautiful chart, beautiful set up - a good buy here imo, stop loss around $9.90, breakout at 52 week high ($10.36)
September 2nd, 2008 at 9:39 am
JMBA great move out of open, currently $1.51
STSI currently at $3.50, another 10%! Looks strong, let it consolidate and watch for weakness later on, this may try to test towards $4, once shorts are squeezed it should settle back under $3.40-3.50 before selling off (it may hold $3.50 and retest at HOD, if it fails, it’all probably head back to settle range)
SIGA great spike out of open, currently $4.08 up .43 or 12% Had trouble making a new high watch for it to retest under $4 here
September 2nd, 2008 at 10:15 am
PENC up 20%
Gotta love the under the radars
http://www.investorslive.com/2008/09/01/pencob-added-to-under-the-radar-scan-naenob-gchkob/
September 2nd, 2008 at 11:29 am
COIN up to $5.70 or 10% on the day!
NOBL still going from the $6 break
September 2nd, 2008 at 12:07 pm
STSI nice consolidation trying to for $4
September 2nd, 2008 at 1:18 pm
PENC now $1.35×1.36 after a quick dip, up 24%
COIN over $6!!