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Other scan from tonight:

(MXC) Mexco Energy Corp (PDO) and Other Crazy Energy/Oil Plays
MNKD  Mannkind Corp - needs to hold $3 but can reverse towards $4 on a $3.20 break, volume returned a bit today - worth a watch

MEA Metalico Inc - looking for a gap and potential squeeze towards $20, lots of consolidation around $16 so I’m not convinced on the short yet. In fact I’d watch for the consolidation just below $18 and buy back on the $18 break. More thoughts in chat if it comes into play.

NGA  North Amern Galvanzng & Ctng - volume spike today - will buy once a dip shows reversal. It’s been consolidating at $8 for nearly a month, downside semi limited in the near term in my opinion.

NYNY Empire Resorts Inc I will short this on failure to snap $4, if it gaps I may take a start position and add if it goes red.

Keep an eye HERE on GSPG.OB - QMNM.OB these are GREAT intraday trades, QMNM the most liquid stock of the day!
From Scan last night, and then today GSI in play off our scan and hit the +$2 we expected - looking for a gap over $14 followed by a potential correct back towards $13.

From Today

GSI grabbed the $2 more of upside I expected, down currently 40 cents off its highs, am looking for .50-$1.00 pull back form that $14 level.

From Sunday Night

GSI General Steel Holdings Inc - $12 break I’m a buyer only for a quick flip because thats big resistance to break should spike .50-$1.00 + on the break (it has run to spike another $1.00-2 max in my opinion (on this move), after that I’ll be looking for reverse sides for downside potential of $1.00 or so, based on its past it seem as though once it reverses direction it gives back nearly all its gains.

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Other scans today:

Sunday Night Stock Scan for June 23rd

QMNM - Talk about MOMENTUM! This stock is $300k dollars short of trading $5 million dollars today. This move has been incredible and although its hard to believe its going to fly too much higher due to its high percentage gains day after day and its need for correction THERE IS SOME REAL support in there and may test towards the .035-.04 range today (but hey then again it could go to .05++!)

GSPG from scan breaking out of a nice channel today if it can top last highs should clear .04 with no trouble. This has such a large shareholder base, and for that matter a short base that it very well could.

FXEN setting up nicely - I like this consolidation here after it helds yesterdays gains, very bullish in my opinion.

FXEN FX Energy Inc - I’m a buyer if this holds $5.75 range or breaks back through $5.85 for the move/squeeze over $6, I like this consolidation around $5 and breakout from it…

GSI grabbed the $2 more of upside I expected, down currently 40 cents off its highs, am looking for .50-$1.00 pull back form that $14 level.

GSI General Steel Holdings Inc - $12 break I’m a buyer only for a quick flip because thats big resistance to break should spike .50-$1.00 + on the break (it has run to spike another $1.00-2 max in my opinion (on this move), after that I’ll be looking for reverse sides for downside potential of $1.00 or so, based on its past it seem as though once it reverses direction it gives back nearly all its gains.

GAIA - not taking off radar consolidation around this area followed by a $15 break should cause a nice squeeze higher.

GAIA Gaiam Inc beautiful bottom reversal, rather large move on Friday. I want to see this continue but I don’t trust $15 yet, I’d watch for it to dip out of open once it finds support buy on the $15 break. If it holds $15 out of open, go for it and it may put in a good squeeze.

NOA - opened much higher than it closed so I didn’t end up touching it, if anyone grabbed a short out of the open near $24 or above, congrats!

NOA North American Energy Partners Inc. This thing has been on cruise control since $10 and has hardlk looked back. This has consolidated the past week around $20 - $21.43 is breakout (52 week highs) if it holds $20.50 I’m a buyer for the $21 break.

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FXEN FX Energy Inc - I’m a buyer if this holds $5.75 range or breaks back through $5.85 for the move/squeeze over $6, I like this consolidation around $5 and breakout from it…

GSI General Steel Holdings Inc - $12 break I’m a buyer only for a quick flip because thats big resistance to break should spike .50-$1.00 + on the break (it has run to spike another $1.00-2 max in my opinion (on this move), after that I’ll be looking for reverse sides for downside potential of $1.00 or so, based on its past it seem as though once it reverses direction it gives back nearly all its gains.

GAIA Gaiam Inc beautiful bottom reversal, rather large move on Friday. I want to see this continue but I don’t trust $15 yet, I’d watch for it to dip out of open once it finds support buy on the $15 break. If it holds $15 out of open, go for it and it may put in a good squeeze.

NOA North American Energy Partners Inc. This thing has been on cruise control since $10 and has hardlk looked back. This has consolidated the past week around $20 - $21.43 is breakout (52 week highs) if it holds $20.50 I’m a buyer for the $21 break.

SDTH Shengda Tech Inc $20 proves four times to be tough resistance - (March and May) - if it can break it should squeeze another $1.00 or so, otherwise if it can’t seems to always fall right back down to the $8 level (keep this in mind if it shows weakness)

SNS The Steak n Shake Company - I’m a buyer on the $7 break for potential squeeze towards $8 where there’s heavy resistance

Wednesday’s scan played out EXTREMELY well. The first three stocks on scan, GSI, UNS and TBSI turned out exactly as anticipated.

Starting with GSI, it didn’t break the $11s like I figured it may out of open but it did attempt too, managed to get to $10.87 ….. following that it took an immediate drop of about $1.30. The target cover was around $10 anticipating it may find some type of support there and attempt a bounce (since we are traders and we are only trying to get the quick drop and not marry the stock) but it didn’t even flinch and went straight to $9.50. It did recover over the course of the day but the easy part is over. I wouldn’t be surprised to see this at $9 by next week but I’m only in it for the easier technical trade, its rolling the dice if you stay in, could squeeze back towards $11.

TBSI was a perfect short out of open - it walked down $4.00 right away before coming back $1.00. It’s possible that it continues down but again, its a guess. The more obvious trade was the correction after the squeeze/stop loss profit taking that happened today out of open, not really worth shorting anymore more likely a long if it dips another $2.00s.

UNS - played out EXACTLY as anticipated (wow!). This was a perfect example as to why you should only take a partial position until the stock confirms it’s going in the direction that you want it to. UNS attempted to break $33 multi times, it did, it traded above it but finally topped out and started its downtrend. When this bounces intra day it goes up on hardly any shares at all, when it comes down a lot of shares are exchanging hands. What is this important? Although its chart is completely over extended - there is still a lot of buying interest. Tomorrow if it breaks $32 I would watch for the fall back under it to see if it continues its downward trend. It may be another ‘gap and crap’ style play. This does have a gap to fill around $30 so there is still plenty of downward potential and pressure that may come towards that level. Be cautious if it begins to squeeze again and don’t feel bad about taking a profit.

EZCH a great example as to why we let them find their tops first before guessing about it, this is back on watch for Friday. More on this later.
MMR had a nice dip of $1.00 out of open but battled back immediately and closed green, a sign of longs being in complete control. This will be on watch for Friday as well. More on this later as well.