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)

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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.

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From last nights scan HERE.

APII couldn’t break yesterday’s highs great short today I agree with Tim could see $2.60-$2.80 easily, after that may carry some risk so you might as well take the profit.

APII - from scan watch last night, have to be careful with this one, extremely thin. Watch for the test of today’s highs out of open tomorrow, it will probably try to squeeze out of open watch for the .30-.50 cent spike shorts were an easy borrow all day - may test $4 but heavily monitoring this for the short

USS didn’t even jump out of open just fell straight down, this type of set up may gap down and squeeze back over $3, off radar for now.

USS watching for another short potential here, watch for the test of $4 if it falls I’ll probably jump on it back down .50 cents or towards $3.

OMRI nearly a dollar of upside after the break of $20! This should gap test over $21 tomorrow in my opninon.

OMRI $20 break should suqeeze after some very nice consolidation within the past month, upside potential $1.50-2 on the break in my opinion.

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

MHGC tested/broke and fell back below $18, as far as odds in my favor, the move is over so I move on to the next.

From scan HERE.

You can’t win them all especially selling on Friday with a move like MHGC, but I could sleep well, realize next weeks a new week and come into Monday with no positions, missed another 6% today, I know a lot were playing this on Friday from some of the comments and more so the e-mails I received, so I hope everyone had a good profit opportunity there. I’d expect this to test $18 before slowing.

From scan HERE.

MHGC the stand out from scan! Did exceptionally well and nailed it on the break out. $15 needed to break and hold, the next test intraday was $15.50 where I expected an immediately squeeze towards $15.75 area. Well we got a lot more than that hitting $16.38! Although extremely strong into close and probably gap on Monday nothing is better than going into the weekend all cash, so that’s exactly what I did. You can see all comments HERE during the trading day regarding the buy/squeeze points and breakout.

From scan HERE.

MHGC this is probably a good buy on the $15 break - triple top and break will make it squeeze towards $16 probably good for a quick dollar or two.

The following two from scan HERE.

ISIS nearing in on the squeeze this should still have upside of $20+

ISIS I’ve attached two charts, $18 is VERY tough resistance its been over it once in the last year (the first chart is 6 months, the second is a year) if it breaks this should be a good play towards $20 plus and a worthy buy on the breakout

MVSN did exactly as anticipated, $17.15 breaks the double top and squeezes towards $18 in my opinion.

MVSN another chart of interest because of the double top coming up, if it can break this is a very bullish pattern, I wouldn’t chase the breakout though, this may want to consolidate around low to mid $16s before testing the breakout

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APII - from scan watch last night, have to be careful with this one, extremely thin. Watch for the test of today’s highs out of open tomorrow, it will probably try to squeeze out of open watch for the .30-.50 cent spike shorts were an easy borrow all day - may test $4 but heavily monitoring this for the short

USS watching for another short potential here, watch for the test of $4 if it falls I’ll probably jump on it back down .50 cents or towards $3.

GIGM an oldy but goody $13 break is a good buy IMO

OMRI $20 break should suqeeze after some very nice consolidation within the past month, upside potential $1.50-2 on the break in my opinion.

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