SCA had a nice mid day accelerated move from $2.35 range to $2.80 the kind of .50-$1.00 spike I normally talk about wanting to see to take on a starter short position (short) before adding once a downtrend is confirmed. Currently its been consolidating around $2.40-2.45 area but once this loses $2.40 it may sell off into the afternoon. HOWEVER, if it holds this area (support) there’s a good chance it continues its squeeze into close. So keep that in mind, if it breaks back over $2.50 I’d probably take my profits (cover) from the spike intraday BUT I wouldn’t leave the stock all together. Keep it on radar, keep those borrows in there just at higher levels because there will be an opportunity on this one!

SCA 200% gainer in the past few days, its probably a good idea to get borrows early at a higher prices in case they are hard to come by once everyone senses the weakness. If it’s a gradual move up tomorrow I ptobably won’t take on a short position until theres an accelerated move or a breakdown is confirmed