Up 84% today alone!

As predicted $1.40 was a perfect grab yesterday! Yes this post is dedicated to boasting about how I specifically mentioned where I felt FOUR was a good grab despite recent market comments and fear on other blogs, how it held each support level on the way up and how it squeezed into close exactly as anticipated and how I entirely believe tomorrow it will continue the squeeze out of open and give a perfect opportunity for those who even bought today to profit before beginning to sell off intraday tomorrow.

And to answer a few e-mails I received, no I do not believe shorts are still shorting, this is a covering game now, they are still WAY in the money on profit but the fact is they’d rather cover here between $2 and $4 than $5 or $6 where they could potentially be squeezed to, that’s why it was a perfect bounce, the odds were in our favor and we just joined the big buyers at these level aka the shorts covering and whomever walked it up from $1 to $12 originally probably regathering the float for much much cheaper.

FOUR on watch first mentioned HERE.

monitoring FOUR heavily for a drop under $1.40 and potential HUGE bounce

The Buy at $1.40 post HERE.

FOUR here comes the bounce… $1.40 a good grab imo

Last Night expecting $2-$3 HERE.

FOUR looks good if you look back a blog, a nice pick up around $1.40 i think it’all squeeze back towards $2-3 before it tappers back off again towards lows, similar to RRPH and BDYT all of which had a big bounce and then had a slow death…

From last nights scan HERE.

FOUR will more than likely test $2-3+ on a brief squeeze (based on comments earlier on the last blog post, not necessarily squeezing shorts that are shorting at these levels because its highly unlikely people are … but rather forcing those who DO have a short position to close it out in the possibility it bounces larger than anticipated AND those playing the dead cat bounce causes a spike in the stock) This is what I expect to see today/tomorrow after that I’m not really interested it will lose the volume and start to tapper off

And late today HERE.

FOUR NITE back bidding again, watch for HOD break here at $2.65 may test $3 + by close!

Tags: FOUR, FOUR.OB

This entry was posted on Wednesday, August 20th, 2008 at 4:17 pm and is filed under Recaps. 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.