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FMD - First Marblehead Corp has dropped quite a bit in recent months. If it can move above $4 that will break a double top and turn into a multi day move towards $6.00. If it really gains momentum this could fill the gap back towards $8 if you look back towards mid April. Watch for a dip Tuesday and if it gains strength and breaks through $4 definately put it on watch for a buy.

CKNN usually I’m not a fan of these low priced Nasdaq’s since they probably have a looming de-list if their share price isn’t above $1.00. But at the same time some of these stocks usually run through $1.00 on plays like that - so I’m watching to see if this can hold its gains and consolidate a higher level, if it can I’d expect it to turn into a good play since it has dropped significantly over the past few months. However - if it can’t consolidate and start heading higher, its not worth to keep it on watch.

CYTX - Cytori Therapeutics Inc on quite the tear lately, watch for it to test $9 before thinking about shorting if it breaks it could squeeze quick and starting jump up by a dime at a time. If it breaks it, wait for it to show weakness and break back under $9.00.

HGR - Hanger Orthopedic Group Inc - If it can hold today’s gains this should test $14 fueled by the 52 week highs - notice the consolidation between $13-14 these past 2 weeks, supporting a move much higher.

NOG - Northern Oil & Gas Inc - Watching here for it to re-test the $15’s if it fails this may be a good short for a buck and a half. If it fails to break under $14 it’s probably going to consolidate and head towards more highs $16+

XRIT- if this holds $2 support this can become an easy double, it has room to run towards $4.00 with a bottom reversal and minor short squeeze, if it can’t break over $2.50 this may head back to new lows.

GTE - Gran Tierra Energy Inc. - consolidated after the last run and is now ready to attempt more highs, last time it stopped right at $7. If it fails to break again this may turn into a long term short towards $5. Watch for the gains to hold from today, if it can start to break higher it may be worth it to be in when it attempts the $7 break as it may accelerate towards $7.50+ on a squeeze.

SINO - Watch for the $10 test, that is the all time low from this recent IPO. The big players in this deal may try to hold it there and a 50% bounce is possible as we saw earlier. It has not yet tried to bounce and has lost nearly all volume. If $10 breaks watch for the panic to play the bounce. If it dips more than 50 cents I will probably take a starter position since theres not too much downside risk, IMO. Again only a small position so that I can sell easily with a small loss if it does opposite of what I am thinking, or I’ll have the ability to add to the position if I want to let it slide a bit before it attempts another bottom.

CBRX watching for an accelerated breakout for a short. $4.50 is where I’ll start watching because it will either top or break through towards $5 on a major squeeze - on which case I’d like to short into the strength and take the scalp when it corrects.

To view the scan go HERE.

FPP was able to hold all gains on the gap and crushed shorts towards $6. Keep in mind this was $2 dollars just a few days ago… It’s up after hours it may squeeze more and then I’d look for a correction. BUT as we’ve seen in the past few days with MXC and PDO… ANYTHING is possible.

CBRX - Volume picking up and it snapped the $3.50 with ease. Watch for this to test $4 in the next day or two, it may want to come back and consolidate around the $3.25 to $3.50 level but this is probably going to be the new base for a powerful move higher.

PEIX provided a great trade as expected both long out of the open and short through the day. Nearly doubling the volume this thing is going to be in play for many more days.

NOVN behaved perfectly, it wasn’t able to create more highs, and tested back towards the $12.50 level actually taking it out and hitting a low of $12.34.

SYNM hanging in there lot of shares exchanged hands today, I’d watch for the consolidation around around $2.30-2.50 before jumping in for a move higher, let it consolidate and confirm a trend, but I wouldn’t recommend a short.

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I could just post all the stocks with the word China in them since just about every stock that begins with “China” was worth trading today: CPSL CSUN CBAX CNTF KUN etc etc

Anyhow I didn’t… and heres the scan for tomorrow:

FPP watch for the ‘gap and crap’ here, this may be a potential short if it can’t hold its pre-market (if any) gains in the morning. I’d expect this to test $5 and then head back down, but only temporarily it should consolidate around the $3.50 range.

CBRX - Nice move here tomorrow it may test the $3.50 break if it fails watch for it to retest $3 and consolidate. This hasn’t had any major volume yet so if a big player comes in and decides to buy or sell the trend can be changed completely.

PEIX Ethanol heating and its potential this holds it gains, but theres enough volume on this one (10 million shares) to trade the trend and take advantage of the swings on both sides, I’m not convinced this is going either way, its up about a quarter after hours and may provide a lot of quarter swings both up and down tomorrow. So my advice on this one is just trade it until a top is confirmed.

NOVN watching this one for the short around $13.50-14 if it doesn’t break it. If it gaps to the $13.20 range and can’t hold those gains it may be a good short when it breaks back under $13 towards $12.50.

SYNM from last nights scan, beautiful breakout today - watching for it to break towards $3 after a brief consolidation

FORC met gravity as I thought - From last nights post:

FORC surprisingly is still up, it dipped and came back quite a bit on Friday. This is a much different market and things don’t sustain for weeks anymore. Keep a watch for the $2.50 break, if it can’t break it… say hello to gravity

If you didn’t read the previous blogs for today you can do so HERE HERE and HERE.

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