Stock Scan For Thursday the 24th of July (EZCH) (AKRX) (EPAX)
Wednesday, July 23rd, 2008So… I was off by a PENNY on my low end cover range for where I expected MKTY to fall to in last nights scan listed below, or HERE. I’ll work on more accurate cover ranges for the future, I hope to narrow it down to within a fraction of a penny!
MKTY watching for a gap and crap, this is probably a pretty decent short tomorrow, but lets see how it trades out of open. Tim had a decent trade on it (from his alerts) but later in the day, it turned up towards high and closed relatively strong. This gives us another day for a possible squeeze and a higher short average. I’d let it squeeze out of open, failure to break $6 and confirmation of a breakdown I’d jump on board on the short side - back towards $3.75-4
Last nights stocks are still in play for tomorrow - commentary stands.
AKRX - earnings are coming so this is a play into that, could move hard in either direction but looks pretty bullish .. Without doing too much due diligence since I never really do… it looks like earnings are the last day of July - so I’d expected this to be volatilie until then, it may squeeze towards $5 and present a good shorting opportunity to those who panic before they are released.
EPAX - another earnings play, my take is its just a low float squeezer, watch for a gap and tank… i doubt it heads much higher than $20
SGEN looks bullish towards $12 at which point I’d watch for weakness
EZCH took out the $18 resistance this has the possiblity of heading towards $20
EZCH - On scan before - hasn’t been able to break $18 for the past 4 attempts, I will be monitoring this stock to see if it tops there, notice how fast its covered $14 to $17.50+ vs. the previous attempts where it slowly made its way there. This is what happens when a few too many shorts think its heading the opposite way and then get caught… and with that they can help it break previous resistance..
Keep on radar the Airline Stocks we posted HERE. Many squeeze back mid day into the close leaving another day of opportunity for tomorrow similar to MKTY, watch for the morning gap and squeeze and sell off into close.
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