MITI great short past 2 days, probably basing around mid/low 6’s.
NOBL just under $6
BORL over the $1.75 resistance

COIN always a good short look for it to test last high mid August, if it breaks carefully watch for a better entry, if it doesn’t it should be its normal 1 dayer

IPII up a ton, BUT low volume so be careful, if it shows weakness it’all probably come back under $3 rather quickly

RBY spiker today watching for weakness might have another day in it

CHFI.OB (CHFI) just watching now to see if it turns into a wild low volume spiker

SMCI just starting to watch this one - watch for the test of $11+ or higher on a spike hoping to get a shorting opportunity once it breaks

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STSI biggest gainer today - watch for the gap and test of $3 out of open, if it fails it’ll probably be a great short back towards $2.50 - they had a court ruling in their favor it seems it gapped down from $3.50 and $4 so keep those areas in mind if it holds and breaks $3.

CPSL slight reversal I’d like to see this test $6 - $5 may be decent support, $6 could cause a squeeze will zero in on it at $6.

SQNM holding its 400% gains with no issues, $23 break is going to squeeze towards $25+

TSYS back testing $8 again - if it fails and shows weakness might be worth it to join the bears

MITI great short today we’d been monitoring for a few days now the test of $8 failed and a nice correction.

NOBL holding all gains - a break of $6 will cause a squeeze in my opinion

FOUR excellent play from $1.40 I exited at $3.59 but after a consolidation mid morning it tested $4 before selling off to nearly $3. Either way plenty of profit allaround for everyone so I hope everyone did well!

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SOLF from scan last night in play, watching for more of a dip out of open towards low $18s and will post comments at that time, hopefully we get another good trade like today’s near $1.50/share profit HERE.

From scan HERE.

RHD I like this for a bottom reversal with a stop at $2, volume returned today if it can hold $2 start position is probably good, followed by an add on the previous top.

Nice reversal today right off $2 mark, $2.50-$2.60 break should start some covering since that’s previous highs, this has room to play towards $3 on the break, if it has a tough time what’s wrong with 20% profits in one day?

NED looks like a good buy on the $6 break - could test $6.50-7 on the break - had earnings tonight so lets see how it reacts out of open

HDLM from scan last night:

HDLM just broke previous highs around $2.00. Look for today’s gains to hold and this can support a move up +.50-$1.00 in my opinion.

Up $.33 today near 13$ this has room towards $3.00 may gap and squeeze out of open and that’s a good 20% profit

EFJI interseting break from consolidation, interested in this as long as it holds $1.80

MITI as explained here, this is why you don’t short a gradual mover until it proves its weakened and the interest has left. Brief consolidation and a nice squeeze higher, $7 break should test hopefully this begins to make a parabolic move for us towards $8-9 and gives us a shorting opportunity.

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

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)