Not a TON on scan, more oil plays than anything…

MDII always been a good short after a few days on squeezing this has ran to $3 from these levels before, obviously pre dilution but can test $.70+ of momentum carries over, however one thing is for sure, it always meets gravity and goes right back to where it began - profitability is cool, but only if they can sustain it through next quarter

EDIT - REIS was a buyout - took off scan

Below I’ve copied a scan from a while back where for oil plays. These will all be good shorts as soon as their sympathy bounces cool off, they are all in bouncing range

MXC Mexco Energy Corp resistance around $30

PDO Pyramid Oil Co

TGC Tengasco Inc

NOG Northern Oil & Gas Inc Nev

KOG Kodiak Oil & Gas Corp

ROYL Royal Energy Inc

SSN Samson Oil & Gas Ltd

FPP Fieldpoint Petroleum Corp - Watch for the squeeze over $4+ probably

Never miss a blog entry again! Sign up HERE to receive them via e-mail! Feedburner sends an email once a night with the blogs posted for the day - so you’ll never miss one! Also be sure to sign up in the upper right for any new updates to the site!

MXC Mexco Energy Corp - on the verge of breakout just over $50 dollars, besides the 52 week high - the real breakout here is the triple top near $50. This chart is incredibly bullish and without a doubt the largest short squeezer we’ve seen in a long time. If the longs can keep this up, and shares are strongly held we can see a $10 point move possibly tomorrow. More MXC post can be found HERE.

PDO Pyramid Oil Co - another stock shorts are in big trouble as you can see by these over extended moves, it will probably open over $40 tomorrow and whether or not oil holds up will tell the tale for these stocks. This has been a crazy stock since the consolidation for more scans of PDO visit HERE.

TGC Tengasco Inc - very bullish chart, $2 break imminent but as far as holding this one long, $2.00 needs to hold as support, if it can this stock can continue, and probably continue for a while. For more TGC scans you can visit HERE.

NOG Northern Oil & Gas Inc Nev - $16 break should cause some commotion towards $18+ Read more NOG post HERE.

KOG Kodiak Oil & Gas Corp - needs to hold $5 and can support a move higher if it gains any momentum. For more KOG scans go HERE.

ROYL Royal Energy Inc - $11.59 52 week breakout on this one, if it breaks could test $12 after that its a life of its own towards $15.

SSN Samson Oil & Gas Ltd - nice set up, moves like these are good at times because they’ve cleaned out most of the sellers between here and $6. If $4.50 holds it may maintain, this isn’t really one of my favorites but the way these all move.. you never know. So worth the radar.

FPP Fieldpoint Petroleum Corp - this may be ready to turn up shortly.. but it isn’t running with MXC and PDO like it did before, this could be a sign of a potential short where it may fall twice as fast - percentage wise - on the way back down compared to MXC and PDO. We’ll see - not a fan unless it can break $6.50 and hold it.

MXC - Reversal was only a matter of time on this one. As I thought HERE once it consolidated it would more than likely retest $40. I also expected a 30-35% correction before changing direction. Yes the stock probably doesn’t belong this high, probably extremely over valued on all accounts and probably will be much lower in a month or two once things cool off and the big players have found another security to play with. BUT the FACT of the matter is all that doesn’t matter. This is a speculative commodity play, which is explained HERE very well. This probably will open $41-42 regardless and if the momentum can carry over and could test $45 tomorrow.

Can it test new highs? I doubt it .. BUT I wouldn’t rule it out. A squeeze to new highs would be fueled by one main thing - inpatient shorts last week trying to knock through the $30 support and finding themselves upside-down on the adds. I’d watch for this to squeeze and wait for it to break back through $40 before attempting any shorts.

PDO - Similar to above - I would let it test the $20 level before doing anything. If it can’t break through I’m not sure I’d short it just yet even though the downside is probably around $3-4 dollars. Too much risk when it could easily move towards new highs. I’d like to see it test $22-23 and began its sell off before thinking about it.

FPP - no real rhyme or reason here, it’s just going to follow the rest (PDO MXC), this will more than likely test $6.50-7 tomorrow at which point it’s probably going to find some resistance levels. If it can test $7 and hold it’s gains it may be a multi day squeezer. If this holds today’s gains out of open I would be a buyer looking for the $6 break.

ROYL - too much of a move, any gap and run I’d be bearish on tomorrow. Although it’d only be an intra-day trade I wouldn’t suggest shorting and leaving for the day, at any point it could take out new highs. Join us in chat tomorrow because as many were trading these stocks today - I’m sure they’ll be in play both ways (long and short) tomorrow.

Few on watch for tomorrow. Lots of plays today, if you are around during the trading day tomorrow take a stop in chat at http://www.investorslive.com/chat.php

PSDV nice walk up, finally got some volume and a breakout, watching for any follow through.

TWP - Watching for the gap and run towards $14. That’s the key level here, either it breaks $14 and squeezes more (where we watch for the short on any .50 to 1.00 move) or it doesn’t break $14 and we short it for a correction back to $13.

BHBC - Consolidation around the $2.50-2.75 level, watching for a $2.85 break which could push it through $3+ for a spike back towards $4. If no volume comes in and no follow through… this may just float around the same level and head back into the 2’s. So I’m only watching for the $2.85+ break.

TSYS has been flirting with $5 dollars for about 2 weeks now, closed today at $4.99. After a big dip today and closing at the high of the day this shows a bullish (longs in control) move which may be able to support the break to $5.50+

SINO is going to be the best one to trade tomorrow I expect swings both ways to be enormous $2.00-$3.00 both ways.

MXC / PDO / PFF

These again will be volatile I’m sure, MXC may want to gap a bit to try to scare shorts to cover or it may want to gap down to trap more shorts so it can bounce. Either way the bounce will be limited in my opinion and as you’ll see over the next few weeks the volume will go back to slim to none before it craters back to the $20-22s. But since there is volume, it is in play I do expect a slight bounce. If it test $30 it’all probably screw a few market sellers with the wide spread and those orders will fill $28 range. That’s where I’d buy for a bounce back to $35+

PDO and FPP I’m using the same game plan

PDO may want to test $17-18s before heading back to $22 - $23-25 is top in my opinion the move is done, longs will try to squeeze shorts again but there is a point where it even gets risky for the longs if they get stuck holding a bag of exactly what these companies were 2 weeks ago (nothing of interest to anyone .. anywhere)