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FOUR from our recent double described in the previous post I expect a gap and squeeze out of open BUT I’m not interested in holding for $4-5 I’d rather take the profit and run! It very well may test much higher, we’ll see with the action our of open but as always I’d rather miss out on profit vs. giving back profits or losing.

LBAS extremely nice downside (near 20%) from scan last night, which you can view HERE. ABK also finally panned out met a lot of resistance at its previous highs of near $6 and fell under $5 into close today before doing a brief bounce.

XPO is approaching 4 year highs and last time it reached this point it spiked to $3.00. Watching for support in the $1.35 range to hold AMEX moves tend to be slow and steady. This isn’t necessarily a day trade but may be a worthy grab with a downside risk of about $.10-.15 cents.

HDLM just broke previous highs around $2.00. Look for today’s gains to hold and this can support a move up +.50-$1.00 in my opinion.

SOBM is an oldie from the past, this had been walked up towards $2.00’s before mailers hit. So I’m adding to to radar for dips because its probably going to under go promotion again if it holds the first round of consolidation which I’d expect in the next day or two since this is approaching 400% from lows. If it starts to spike parabolic towards $1 + in the near term the move will be way too fast and I’ll look for the borrow

Solar is getting HOT again, nice reversals off bottom, I’ll have a sector scan later tomorrow. I will more than likely have comments for these intra-day since they’ll be in play so check back tomorrow for better commentary on what I’m looking at!

SOLF watching for more squeezes over $20 - ($22 possible resistance) will be monitoring for weakness

ASTI has room to run towards $10, if it breaks mid $13s is next resistance

ALDN nearly closing the gap, watch for that to close near $14 and watch for weakness.

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.

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FMD - largest percentage gainer today, of course its going to make the list, broke past previous highs watching for support to kick in after testing back under $5, might continue to squeeze towards $6, if it comes out extremely strong I’m watching for .50-$1.00 spike to short on but don’t marry it, take the profits when you have them as it can easily squeeze back like NOBL did

NOBL border line breakout, held $4.90-$5.00 support we were looking for, this is 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 boat many are in and are about to get squeezed… we’ll see.

VASC $9 break could carry out a squeeze, towards $10, I’m watching more for the parabolic action to short on, which should happen soon given a $.75-$1.00 spike

RHD I like this for a bottom reversal with a stop at $2, volume returned today if it can hold $2 start position is probably good, followed by an add on the previous top.

IDEV looking good still holding the previous two days gains - from scan HERE

After long consolidation this is starting to head off the bottom, it’s pharma play but starting to reverse “Indevus says bladder treatment gets US patent” can carry it, watch for support at $2, take a look at the 6 month chart and you’ll see why I’m interested, this dropped fast from $6 range on nearly 50 million + volume, so even if 10% of the volume comes back this could result in a nice squeeze towards $3+

TSYS finally after monitoring it for three consecutive days it longs give in and allow it to slip $1 on the downside. As mentioned in the last scan HERE “short back towards $7″ we are here, time to take profits and move on

TSYS volume steady, $8 needs to hold, if it can’t watch for the short back towards $7, if it squeezes out of open and fails $8.25 (today’s highs) I’ll take a starter position on the short side.

TSYS monitoring like crazy tomorrow, still bullish, it had a nice dip today but fully recovered which is a bullish sign and could cause a squeeze. I will post more tomorrow regarding this because I’ll probably trade it on weakness.

TSYS gapped up, held all gains today, would like to see the test nearing $8 once this shows weakness this may be a nice one back towards $6.75 or so

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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.