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Great trade today on MBI!

PGTI - putting this on radar I don’t think its ready right away tomorrow but worth watching as it climbs towards $6. It’s climbed over $1.50 in the past 2 days and can squeeze over $6 extremely easily, watching for a large spike to start a short on

MOT lots of gaps the past few days sitting at some resistance dating back a few months, would like to see this squeeze out of open and provide a shorting opportunity to fill the gap back down towards $9 - unless their new CEO has all the answers and they are going to become a huge contender again I’ll take my chances

FBTX - I’m never a fan of Nasdaq stocks coming up from the sub .50 cent range we’ve had some pretty good success shorting them, watching for this one to gap from some of the carry over momentum and watching for weakness to short on

TGIC large percenter gainer today, in fact it was the leader, if this can’t break $2.50 again its a short, if it can watch for a .50-.75 cent spike to short on, confirmation of weakness as it slips back under $2.50

HW - this consolidated around $13 so may be able to support a move towards $15+ but monitoring heavily for a short once the momentum stops

EMIS great breakout from back near $3 where it consolidated and boom! new highs. From scan HERE.

EMIS beautiful breakout move here, I’d watch for consolidation around $3 as it attempts to break through the $3.50 mark.

OFI Three days now its been testing $10, if it can break it it will squeeze towards $10.50, risk/reward not worth it anymore in my opinion, the breakout provided $2 of upside already…

From scan HERE.

OFI absolute beautiful breaout chart, this should test $10, if today’s gains hold I’d be looking for a long position for that move up - this could be an extreme squeezer of the momentum continues

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Scan for Thursday HERE

A brief recap of the past two trading days which have provided some extremely successful trades off of scan! MNKD the first which is still in play was setting up to be a perfect breakout. It took out the $3.25 early, held $3.25 support all day and squeezed into close!

These are the previous blog entries the past two days regarding MNKD:

MNKD setting up a beautiful chart here, keep on breakout watch, from scan HERE.

MNKD starting to turn up a bit, this one has fell from grace. This is a buy if it breaks back over $3 and holds it, and I’d add on a $3.25 break. It’s failed to break it the past two attempts ($3.25) but take a look at the 6 month chart below this one… you’ll see the move that it “could” have if it reverses

RTK took out the $2 level, I’d like to see this consolidate around this level so it can support a higher move than just $2.50.

From scan HERE.

RTK - it may be a one day wonder like HDY was today, but if this can consolidate and hold $2 this may be attractive for a squeeze over previous highs

SCON I am monitoring every aspect of this for a squeeze followed by a lot of weakness (if history repeats itself) it’s almost made it to the $2.50 level I’m hoping it squeezes and gives us a shorting opportunity.

SCON - Setting up similar to (USS) from scan HERE, I’d watch for the $2.50 break as this could squeeze towards $3 easily - I’m watching for a spike in volume with little price movement to signal a top

EMIS up another 8% today, watching for a squeeze tomorrow and then I’d think about profits… once it consolidates possibly jump back in but good enough for the quick trade if it test high $3s out of open.

EMIS beautiful breakout move here, I’d watch for consolidation around $3 as it attempts to break through the $3.50 mark.

SKNY good sale today, it was lacking momentum on its move up, didn’t break $.40 and turned out to be a good sell out of open

SKNY had 16% gains yesterday, 6% gains today I’m a seller on the gap tomorrow if it doesn’t carry some momentum into market open. Scan HERE.

HW nice profit opportunity and the cover available under $13 for quite a while, it squeeze up into the after noon which means its still in play hopefully takes out more highs and gives us another shorting opportunity.

HW showing more weakness here, topped out in the mid 13’s ($13.48) almost back to $13, longs may try to hold the $13 support but if it test it there should be a good covering opportunity when stop losses are filled on the loss of $13.

HW - Watch for the $13 break out of open, this is not an immediate short as there is still upside potential. I’d like to see a gap and squeeze towards mid $13s-$13.75, and once it shows weakness probably short it back towards $13s.

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EMIS beautiful breakout move here, I’d watch for consolidation around $3 as it attempts to break through the $3.50 mark.

HDY managed to hold higher highs, that’s a good sign that they may actually have something cooking, last run stemmed from a bunch of press releases, looking for the same thing here, if it can break $2.00 which I’d bet on it happening out of the open today, watch for slow continuation - this will only interest me around $2.40-$2.50 as it test previous highs. The small short that one could probably make shorting around $2 and covering around $1.80 is a bit too much risk, after all we want the odds in our favor.

USS I’d like to see a second test on $5 as it very well may break it,  if it does I’m watching for a .50 to $1.00 spike to short into, if it doesn’t break $5 and shows weakness i will probably join the sellers and cover only if it test/breaks $5 again

OFI absolute beautiful breaout chart, this should test $10, if today’s gains hold I’d be looking for a long position for that move up - this could be an extreme squeezer of the momentum continues

SKNY up over 16% today! this may test .40+ where I’d think about taking some profits!

SKNY back under another promotion it looks like, this may be good if it holds $.30

SQNM although boring its still on my radar because a $22 break I’m a buyer, I can’t believe it’s held all of these gains without any major dips, this has been on scans for quite some time, see more HERE.

Huge plays today from our scan last night, two of our favorite shorts acted exactly as anticipated, (ZYXI) down nearly 15% with plenty of shares to borrow, (VISN) lost $2.50 from its highs (near $24). We posted mid day today about it HERE and our scan from last night is HERE.