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VRNM Hope everyone did well on this short out of open:

admin Says:
August 7th, 2008 at 9:58 am

Watch for weakness here at $3.75-$3.80 if it doesn’t break the triple top, shares are an easy borrow today on VRNM

NOBL crazy squeeze out of open today you know shorts were caught with their pants down and again a nice move into close. After bottoming out a few times just under $5 and breaking back over $5 and squeezing into close we’ll probably see a gap and potential continuation tomorrow. Max upside here in the next few days I’d say is around $7 (looking back to mid may), I’m looking for it to test $6 either on the gap or out of open and then watching for weakness to kick in. If it gaps up more than .30-.40 its imparative to watch it because of the gap/squeeze and tank potential that we saw today VRNM mentioned above.

CHINA needs to hold $3 if the momentum continues it may be good for a squeeze towards $3.50

GSPG.OB again another amazing move I wouldn’t be surprised to see this test .06 tomorrow at this rate and then settle back again towards .055-.057s before consolidating for a week or two, this is as I’ve said week after week just an amazing technically sound TA

MHGC this is probably a good buy on the $15 break - triple top and break will make it squeeze towards $16 probably good for a quick dollar or two.

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VRNM great short out of the opening spike today exactly what we were looking for. It attempted to pass back over the $3.80 mark a few times - unsuccessfully. On its last attempt it got as high as $3.75 and the weakness began. As promised I was monitoring and posted comments regarding the short (in real time) and now is trading .80/per share less testing $3.00 (which may hold for a bit before it either reverses or breaks down even more). Suggestion: Cover at least 1/2 your position hold the rest for a possible further sell off, with the mind set to cover if it test green (as you’ll still be up nearly .50 a share at $3.30.)

You can see comments HERE.

Last nights comments below:

VRNM today’s Nasdaq percentage gainer, watching for a gap and continuation then I’m looking for weakness to kick in, I’ll see if there’s a borrow and reserve it just in case. It had a few upgrades so it might have a bit of support in there.. if thats the case let it squeeze, keep a borrow avail and wait for the opportunity, I’ll be monitoring this one and will post a comment with thoughts tomorrow once it begins to pan out