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From scan HERE and last night HERE.

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.

Nice reversal today right off $2 mark, $2.50-$2.60 break should start some covering since that’s previous highs, this has room to play towards $3 on the break, if it has a tough time what’s wrong with 20% profits in one day?

SOLF couldn’t have asked for a better dip out of the open to close near the high! Watch for the $20 break for another squeeze.

SOLF from scan last night in play, watching for more of a dip out of open towards low $18s and will post comments at that time, hopefully we get another good trade like today’s near $1.50/share profit HERE.

CSUN looking like its going to test quite a bit more than $12, extremely nice squeeze today after dipping. This is a very bullish move!

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

I will have more this weekend a few other recaps and a scan Sunday for Monday’s trading day. Enjoy the weekend!

Up 84% today alone!

As predicted $1.40 was a perfect grab yesterday! Yes this post is dedicated to boasting about how I specifically mentioned where I felt FOUR was a good grab despite recent market comments and fear on other blogs, how it held each support level on the way up and how it squeezed into close exactly as anticipated and how I entirely believe tomorrow it will continue the squeeze out of open and give a perfect opportunity for those who even bought today to profit before beginning to sell off intraday tomorrow.

And to answer a few e-mails I received, no I do not believe shorts are still shorting, this is a covering game now, they are still WAY in the money on profit but the fact is they’d rather cover here between $2 and $4 than $5 or $6 where they could potentially be squeezed to, that’s why it was a perfect bounce, the odds were in our favor and we just joined the big buyers at these level aka the shorts covering and whomever walked it up from $1 to $12 originally probably regathering the float for much much cheaper.

FOUR on watch first mentioned HERE.

monitoring FOUR heavily for a drop under $1.40 and potential HUGE bounce

The Buy at $1.40 post HERE.

FOUR here comes the bounce… $1.40 a good grab imo

Last Night expecting $2-$3 HERE.

FOUR looks good if you look back a blog, a nice pick up around $1.40 i think it’all squeeze back towards $2-3 before it tappers back off again towards lows, similar to RRPH and BDYT all of which had a big bounce and then had a slow death…

From last nights scan HERE.

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

And late today HERE.

FOUR NITE back bidding again, watch for HOD break here at $2.65 may test $3 + by close!

LBAS feeling some of the raft from the recent FOUR tank, shorters probably liked their chances and kicked this one to the curb, this can still fall … towards $6 but keep in mind the volume, play safe its low volume it can head back up just as quickly - if you missed this one check out yesterdays post.

FOUR nearly a double who followed in at $1.40 level yesterday right HERE! Congrats to all those who played!

ABK down nearly a dollar from $6 had a tough time holding that level, I’d like to see it fill the gap towards $4.80

RHD VASC both border line breakout/reversal

FMD turned into a huge short out of the open the bottom was put in around $3.60-$3.70 range - there wasn’t a big spike like I was hoping out of the open but surely a lot of weakness this turned out to be a great trade both short than long

admin Says:
August 19th, 2008 at 12:03 pm

FMD probably a good cover at $3.75 may change direction here.. $4+

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

FOUR from today pick up at $1.40 proved to be a decent trade, hitting $1.74, those still holding like I mentioned I’d watch for $1.50 to hold, the risk is limited here especially with a .10-.15 cent buffer at these levels, this probably will squeeze back to $2-3 not because of ANYTHING to do with the company but just short/long battle before turning into a sub dollar stock throughout the rest of the year, as long as it holds $1.50 this may squeeze into close

The following are from this scan.

GPIC turned out to do just as expected, squeeze over $6 followed by a nice correction, currently sitting at $5.40

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 failed to get back towards $3 but a perfect reversal right back to a low of day ($2.00 currently) this probably consolidates for a bit now and bores people out of the stock - my opinion, take profits and move on

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.

MITI and STAA both sold off today, STAA the only one to shout about currently sitting at $5.05, watch for support around $5 on both. I missed both unfortunately - mostly because the volume didn’t interest me early in the day and it was a slow and gradual sell off which probably would have bored me, these can very easily reverse they’ve come down on relatively light volume, MITI holding support a bit better, STAA I’d like to see in the $4.80 range before reversing - FMD had my attention as well as the FOUR bounce

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)