FOUR excellent play from $1.40 I exited at $3.59 but after a consolidation mid morning it tested $4 before selling off to nearly $3. Either way plenty of profit allaround for everyone so I hope everyone did well!

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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.

From scan 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?

NED looks like a good buy on the $6 break - could test $6.50-7 on the break - had earnings tonight so lets see how it reacts out of open

HDLM from scan last night:

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.

Up $.33 today near 13$ this has room towards $3.00 may gap and squeeze out of open and that’s a good 20% profit

EFJI interseting break from consolidation, interested in this as long as it holds $1.80

MITI as explained here, this is why you don’t short a gradual mover until it proves its weakened and the interest has left. Brief consolidation and a nice squeeze higher, $7 break should test hopefully this begins to make a parabolic move for us towards $8-9 and gives us a shorting opportunity.

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

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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.

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