Not too much on scan tonight, I’ll have to rescan out of open and looking for the percentage gainers either to join the momentum or short the weakness.

If you guys have any on scan feel free to comment and I’ll take a look and provide any comments I can.

Check out: Ticking Time Bomb Or Sound Investments? (LBAS) (MXFD) (FOUR) and More

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FMD active from today great sell off from open on the short and two decent bounces intraday for .30-.50 cents. Nice support in the upper $3’s lets see if it holds $3.60-$3.65 tomorrow for the bounce back through $4 - It’d be nice to see it drop out of open allowing for a good pick up followed by a run up back towards $4

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

VRAZ held all gains from the spike last week, testing $1.50 tomorrow

CSUN hoping for a squeeze through $10 towards $11 or $12 to open up a decent shorting opportunity

GSPG.OB back to consolidation mode, I won’t buy until a .055 break because it could trade back and forth around this range for quite some time (which does show strength if it can hold .05) but needs to prove it wants higher before I jump on again as it can easily lose it and start to sell off.

Tags: CSUN, FMD, FOUR, FOUR.OB, GSPG, GSPG.OB, VRAZ

This entry was posted on Tuesday, August 19th, 2008 at 11:09 pm 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.