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GPIC earnings fueled move, watch for the gap/squeeze/run over $6 followed by a possible fall but keep in mind people may be happy with the results and begin supporting it just south of $5, so if it spikes and provides a nice shorting opp, don’t be greedy and if it warrants a quick  10% move, take it!

APII I’d like to see a gap, test of $3 and then reversal back down to sub $2, this fade will be much more gradual than the first in my opinion.

ID breakout over $16 previous 3-4 attempts in May failed, this has potential upside of $2 on the break

CHB needs to rebreak/hold $5 to gain my interest, another reversal play potential upside back towards $8 in my opinion, if it does reverse/spike/squeeze the better safe sell is around high 6’s to $7 unless you want to marry it for long term, however I know nothing about the company except that I’m interested in the technical aspects of the volume/chart for a quick trade

MITI and STAA both very similar charts and similar moves on Friday. Watching for continuation on both and hoping weakness to kick in after a brief squeeze. These are not shorts out of the gate even if they tank, they are risky and the odds aren’t on your side. The moves have been gradual up from $1-2 range so I don’t think that’s really a factor (if compared to APII you can see gradual vs. not so gradual and why the interest in shorting APII was much greater last week than a pattern as such) on the same note if these don’t do any large breakouts giving us a shorting opp, I’d look for consolidation around $5 for the next squeeze higher

STAA (see above)

PHUN.OB is an OTCBB stock the reason it interest me is it “appears” bottomed and volume is starting to kick back up. If they do any style promotion as they have done in the past this could really move. Before they switched tickers  to PHUN their IPO was quite impressive backed by mailers and big $$ squeezing from $1 to $4 before reality kicked in and the momentum stopped but at this point I’m sure the float has been cleaned up and possible for the next move up - watch for press releases to confirm a possible PR fueled move.

Tags: APII, CHB, GPIC, ID, MITI, PHUN, PHUN.OB, STAA

This entry was posted on Sunday, August 17th, 2008 at 2:47 pm and is filed under NASDAQ, OTCBB, 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.