Stocks on Radar for Friday the 8th of August!
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VRNM Hope everyone did well on this short out of open:
admin Says:
August 7th, 2008 at 9:58 amWatch 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.
August 8th, 2008 at 4:41 am
IceWEB (IWEB) reversed today–up 29% on good volume. You might want to take a look at the chart. Closed at .24 after recent lows of .15 on increasing volume. IMO, still needs to get over .26-.27 before buying in size. Fundamentals are strong—with $18,8 million in revenue last year and only 19 million shares outstanding. Very low market cap. Low float–less than 9,.5 million shares.
Open tomorrow should tell us alot.
August 8th, 2008 at 9:51 am
MHGC $15s up
August 8th, 2008 at 10:01 am
MHGC broke $15, hit $15.11 so far it needs to consolidate and hold $15, if it breaks back under its just going to be another failed attempt, so watch for the $15 support to kick in here
August 8th, 2008 at 10:05 am
Looks like nobl failed to test $6. Are we looking to short it now?
August 8th, 2008 at 10:09 am
NOBL I would have liked to see a better squeeze out of the open usually I like for a .50-1.00 move to short on, right now I’m occupied with MHGC breakout over $15
NOBL is consolidating seems like support is around $5.50 so I’d wait for a bit to let it pan out .. at this point I wouldn’t short risk/reward isn’t in your favor
August 8th, 2008 at 10:21 am
How you liking it in LA Manny?
August 8th, 2008 at 10:27 am
NOBL broke support
August 8th, 2008 at 10:31 am
sorry, I’m not from LA LOL
August 8th, 2008 at 10:33 am
mhgc seems to be holding. anybody short nobl?
August 8th, 2008 at 10:37 am
MHGC!! $15.48!
August 8th, 2008 at 10:55 am
dang, should’ve gotten in MHGC at 12.21 when I had the chance.
August 8th, 2008 at 10:58 am
LOL I believe he meant Manny Ramirez
NOBL missed the short was a bit too risky for me at $5.50 very easily could have squeezed, nice play for those who nailed it
August 8th, 2008 at 11:14 am
I better change my nickname then so as to not create confusion! LOL
GSPG hit a high of .063 so far…
August 8th, 2008 at 2:14 pm
MHGC at HOD $15.50 if it breaks it should squeeze here, might take a few attempts
August 8th, 2008 at 3:03 pm
MHGC test of $15.50 for the 20th time today, looks pretty good this time, might do it bid size keeps increasing and ask thinning out… if it stops topping out this will squeeze towards $15.75 imo on the break, its setting up nicely into close
August 8th, 2008 at 3:45 pm
just wanted to let you know that you are my fav blog..and today you proved to be the Best again…the action on mhgc was amazing…i have had a really rough week so i got out way too early at 15.80…i love your level of professionalism and consistent work. Thanks
August 8th, 2008 at 3:53 pm
congrats guys!!! Huge squeeze over 15.50 !!!
August 8th, 2008 at 3:58 pm
I’m going cash for end of day… Its a weekend..
Good luck all!
August 9th, 2008 at 12:25 am
I think you’re completely wrong about NOBL… this stock will finish red again Monday… I’ll stop back on Monday for the follow up.
$7 is a joke
August 9th, 2008 at 12:59 am
Johnnyvento apparently you only made it through one sentence and missed the “max upside” part. It clearly didn’t test it out of open and sold off through the day, I don’t expect it to test anywhere near that after the opening squeeze..
Instead of selectively picking a piece of the commentary out why not focus on the full paragraph? It’s almost as if you’re a drive by basher for the stock, but good luck, I’d watch for support around $4.90 if it holds it may bounce… if it doesn’t not worth touching for a long at all, but short side is limited/risky here
But if you read the rest:
“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.”
So take what you said, I agree $7 is a joke it didn’t break $6 out of open, it squeezed .30-.40 out of open and it tanked through the day just like VRNM, hope you made out….
August 9th, 2008 at 2:48 am
What I know is that you are a fucking asshole, and you decided to come after me when I had no beef with you, but if you want to call me an idiot about the stock NOBL then let’s go at it dickhead. WHAT I READ SELECTIVELY is that you said a short from 5.50 was not worth the risk/reward, you’ve already been proven incorrect on that since it hit 4.9- many people in our chat shorted at 5.50 so don’t act like that was some retroactive pick, read the chat logs.
I don’t know why you wanted to pick a fight with me, you came after me before and I didn’t respond, now you did again on NOBL and here we go, let’s see if you have any kind of clue about stocks like NOBL. If you want to attack me then I will respond most definitely. Any fucking asshole with a chart can post a blog, come into the chat and make live calls like I have before you go around insulting people.
August 9th, 2008 at 3:04 am
Hope you made out, what a fucking tool, I’m short NOBL since 5.90.
How’d you do asshole? Did you play it at all? Or are you just commenting on it without actually trading it? I hate people that do that. OR WORSE YET did you follow the fucking Timmay alert long, I should have covered/went long on the TIM PUMP/reshorted but that was such a pain in the ass, I knew it would end up back near 5.
If you haven’t actually traded NOBL, stop acting like a fucking expert on it, since you aren’t putting money on it. If you ARE trading NOBL, explain your actual trade so we can compare what you actually made on it versus what you fucking bloviate on it on this blog. If yoiu aren’t trading it, your opinion is a fucking waste of time. Why would anybody listen to it.
August 9th, 2008 at 9:32 am
Did you forget what you wrote? I’lll re-paste it for you.
“I think you’re completely wrong about NOBL… this stock will finish red again Monday… I’ll stop back on Monday for the follow up.
$7 is a joke”
So how is that sincere? ….. No it was an incompetent drive by comment for a reason unknown telling me that I’m “wrong” you’ll stop back by “Monday” (what to rub in your thoughts?) and that “7 is a joke?”
$7 is max upside, as I thought, I didn’t trade NOBL as I wrote, I missed it as I wrote, I was busy with MHGC. Someone asked me about it at $5.50 it had been consolidating for 20 minutes at $5.50, I said:
“NOBL is consolidating seems like support is around $5.50 so I’d wait for a bit to let it pan out .. at this point I wouldn’t short risk/reward isn’t in your favor”
I’m not going to force a trade where I don’t think all odds are in my favor, if you think differently than that’s fine, I was perfectly happy trading MHGC.
Again Johnny I have nothing to prove not sure what your deal is or why your first post was so aggressive, I’m not here to compare I’m here to write my thoughts on whats going on and hope other people can learn/make money or at least take a step out of their scanning process for the next day.
If my opinion is a waste of time, why are you here? Why bother posting? Its clear you have some inner anger and I’m not sure why. Good luck!
August 9th, 2008 at 12:28 pm
[…] than going into the weekend all cash, so that’s exactly what I did. You can see all comments HERE during the trading day regarding the buy/squeeze points and breakout. MHGC this is probably a good […]
August 12th, 2008 at 9:49 am
[…] than going into the weekend all cash, so that’s exactly what I did. You can see all comments HERE during the trading day regarding the buy/squeeze points and breakout. MHGC this is probably a good […]
August 16th, 2008 at 2:24 pm
Johnnyvento not trying to pick an argument as you thought last time, but whats your position, it didn’t go lower like you anticipated, did you cover yet?
August 18th, 2008 at 9:58 pm
[…] a possible buy on the $6 break, possible upside of $1-2 from here if it squeezes, if you go back to THESE comments alone, no one really believed NOBL would hold it’s gains, so that may be the same […]
October 7th, 2008 at 10:16 pm
[…] a previous winner for us is yet another 50% loser over the past three days. Keep an eye for support around $5 and watch for […]