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Great trade today on MBI!

PGTI - putting this on radar I don’t think its ready right away tomorrow but worth watching as it climbs towards $6. It’s climbed over $1.50 in the past 2 days and can squeeze over $6 extremely easily, watching for a large spike to start a short on

MOT lots of gaps the past few days sitting at some resistance dating back a few months, would like to see this squeeze out of open and provide a shorting opportunity to fill the gap back down towards $9 - unless their new CEO has all the answers and they are going to become a huge contender again I’ll take my chances

FBTX - I’m never a fan of Nasdaq stocks coming up from the sub .50 cent range we’ve had some pretty good success shorting them, watching for this one to gap from some of the carry over momentum and watching for weakness to short on

TGIC large percenter gainer today, in fact it was the leader, if this can’t break $2.50 again its a short, if it can watch for a .50-.75 cent spike to short on, confirmation of weakness as it slips back under $2.50

HW - this consolidated around $13 so may be able to support a move towards $15+ but monitoring heavily for a short once the momentum stops

EMIS great breakout from back near $3 where it consolidated and boom! new highs. From scan HERE.

EMIS beautiful breakout move here, I’d watch for consolidation around $3 as it attempts to break through the $3.50 mark.

OFI Three days now its been testing $10, if it can break it it will squeeze towards $10.50, risk/reward not worth it anymore in my opinion, the breakout provided $2 of upside already…

From scan HERE.

OFI absolute beautiful breaout chart, this should test $10, if today’s gains hold I’d be looking for a long position for that move up - this could be an extreme squeezer of the momentum continues

Now I know I’m not always right, I try to play with the odds on my side, pay attention to technical support areas, resistance points and momentum and with all those factors combined, try to squeeze a profit day in and day out.

But sometimes, just sometimes a call is so perfect it scares me… so with that I dedicate a post to just that, last nights commentary regarding MBI (which you can find HERE.)

Intraday low of $7.04, before testing $8 and hitting a high of $8.14 so far today.

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From last nights scan

MBI looks like a good reversal coming off the bottom, I’d watch for dips back towards the low 7’s, once support kicks in probably pick up a few for the test of $8, on the $8 break I’d probably add to it