Always remember, what goes up, must come down! Remember this scan?

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After a successful short on AMED, CitronResearch followed up with a not-so-common OTCBB stock FOUR.OB. So I went back through some of the old under the radar stocks that were nearing new 52 week highs and noticed a few things, which made me curious as to whether or not the individuals behind FOUR were also linked with PSPW and BWMS? Or was it just a conicidence?

FOUR had a few comments about the recent “attack” against the company HERE.

Here’s a recent article by Forbes regarding PSPW as well.

BWMS.OB

And that leads me to two more, MXFD finally cooled it’s jets, now I’m curious of LBAS is a ticking time bomb, what are your thoughts?

MXFD.OB

LBAS.OB

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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.

ABMD $20.07 is breakout (52 week high) its jumped up quite a bit the last few days I’d watch for consolidation around the mid 19s if it doesn’t squeeze over $20 an break it right out of the open. If it does it’all probably be a nice squeeze and just that. I wouldn’t marry it but has upside towards $22 potential and if it can consolidate above $20 it could move much higher than that. What I’m looking at is the triple top mid June, mid July and just today at/near $20, so the break will send shorts covering similar to what we saw on WMT yesterday when it broke the quad top.

SGEN border line breakout here over $12 - From scan HERE

SGEN on a $11 break may see $12-13+ here short term, I’m not convinced yet it needs to break and hold $11

GERN - looks pretty bullish here, it’s consolidated quite a bit around the $4.50 level which can support a move higher, theres been a lot of $3 to $6-7 plays as of late thats why this one interest me, $5 is its previous resistance point back in May, may squeeze on the break.

VRNM today’s Nasdaq percentage gainer, watching for a gap and continuation then I’m looking for weakness to kick in, I’ll see if there’s a borrow and reserve it just in case. It had a few upgrades so it might have a bit of support in there.. if thats the case let it squeeze, keep a borrow avail and wait for the opportunity, I’ll be monitoring this one and will post a comment with thoughts tomorrow once it begins to pan out

GSPG from scan earlier today HERE, quite a picture perfect chart here, full of a technical traders dream come true regarding support areas, higher highs, higher lows, consolidation patterns, you name it - its there. I’m not looking for a huge 50% move here in the next day or two because that’s just not the way it trades but I do anticipate an accelerated move over a nickel once it snaps.

MICG from scan last night gave us 15% out of the open on the move, watching for further consolidate and re buy on a .60 break

MICG -MICG.OB a blast from the past this had ran from these levels to $5 on its first move - anythings possible worth putting it on radar