BDCO Blue Dolphin Energy Co - lots of sympathy play action on this one. It did break last highs so does look attractive but I’m not a buyer unless it dips and breaks back through $2.25 to maintain momentum.

GTE Gran Tierra Energy Inc - great break over the $7 we were looking for HERE, no reason to short this one until it spikes .50 to $1.00 in a day. Looking good, although I am monitoring for weakness once it goes red could head back to last weeks prices quickly.

IPSU Imperial Sugar Co New - coming off bottom, I am a buyer on the $14 break for breakout towards $16

MEA Metalico Inc - Not convinced but we’ve had good luck with this pattern lately like ENOC found HERE (which had a great breakout today)

TGC Tengasco Inc - great scan by Timothy Sykes huge breakout this should gap and test $2, at which point I’d probably be happy with my gains until it consolidates again and proves it can move higher.

This is just a brief scan tonight I will have more comments in the morning, congratulations on all the big movers off scan such as ENOC and TIV.

TIV acted exactly as we thought stated HERE - It tested $9 squeezed and headed back under $8.50 - taking profit was the RIGHT choice!
From Today:

TIV I’m not ready to short but I’m ready to take a handful of profits, if it can consolidate and hold $9 this can continue its squeeze into the low to mid 9’s but I’d rather have missed profits than losses! I’d expect it to test back towards the $8.50 level after any large spike over $9

Check back in the morning for more posts!

Tags: BDCO, ENOC, GTE, IPSU, MEA, TGC, TIV

This entry was posted on Thursday, June 19th, 2008 at 1:56 am and is filed under NASDAQ, Plays. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.