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

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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

NOBL border line breakout, held $4.90-$5.00 support we were looking for, this is a possible buy on the $6 break, possible upside of $1-2 from here if it squeezes, if you go back to THESE comments alone, no one really believed NOBL would hold it’s gains, so that may be the same boat many are in and are about to get squeezed… we’ll see.

VASC $9 break could carry out a squeeze, towards $10, I’m watching more for the parabolic action to short on, which should happen soon given a $.75-$1.00 spike

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.

IDEV looking good still holding the previous two days gains - from scan HERE

After long consolidation this is starting to head off the bottom, it’s pharma play but starting to reverse “Indevus says bladder treatment gets US patent” can carry it, watch for support at $2, take a look at the 6 month chart and you’ll see why I’m interested, this dropped fast from $6 range on nearly 50 million + volume, so even if 10% of the volume comes back this could result in a nice squeeze towards $3+

TSYS finally after monitoring it for three consecutive days it longs give in and allow it to slip $1 on the downside. As mentioned in the last scan HERE “short back towards $7″ we are here, time to take profits and move on

TSYS volume steady, $8 needs to hold, if it can’t watch for the short back towards $7, if it squeezes out of open and fails $8.25 (today’s highs) I’ll take a starter position on the short side.

TSYS monitoring like crazy tomorrow, still bullish, it had a nice dip today but fully recovered which is a bullish sign and could cause a squeeze. I will post more tomorrow regarding this because I’ll probably trade it on weakness.

TSYS gapped up, held all gains today, would like to see the test nearing $8 once this shows weakness this may be a nice one back towards $6.75 or so

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MHGC the stand out from scan! Did exceptionally well and nailed it on the break out. $15 needed to break and hold, the next test intraday was $15.50 where I expected an immediately squeeze towards $15.75 area. Well we got a lot more than that hitting $16.38! Although extremely strong into close and probably gap on Monday nothing is better than going into the weekend all cash, so that’s exactly what I did. You can see all comments HERE during the trading day regarding the buy/squeeze points and breakout.

MHGC this is probably a good buy on the $15 break - triple top and break will make it squeeze towards $16 probably good for a quick dollar or two.

I missed the short here! I was preoccupied watching MHGC saw NOBL attempt to test $6 off the gap and should have taken my own advice it on a gap of .30-.40. Woops! It bottomed out for a bit, figured the risk/reward wasn’t there incase it reversed directions and headed higher but was wrong, missed opportunity, isn’t the first and won’t be the last! Hope you all did well though. I know Tim nailed it on the long side and took profits with plenty of time to spare. Key areas are around the $4.90 leve, you’ve seen how fast this can move, personally I’d like to see it squeeze higher for a second shorting opportunity but we’ll see what Monday brings.

NOBL crazy squeeze out of open today you know shorts were caught with their pants down and again a nice move into close. After bottoming out a few times just under $5 and breaking back over $5 and squeezing into close we’ll probably see a gap and potential continuation tomorrow. Max upside here in the next few days I’d say is around $7 (looking back to mid may), I’m looking for it to test $6 either on the gap or out of open and then watching for weakness to kick in. If it gaps up more than .30-.40 its imparative to watch it because of the gap/squeeze and tank potential that we saw today VRNM mentioned above.

Recap: (VRNM) 50 Cent Pop Out of Open, Weakness at $3.75-$3.80 August 7th, 2008

After posting thoughts/trades in real time I recapped the post HERE.

As far as further trades, the big move is done, I wouldn’t be surprised to see it attempt a bounce off the $2.50 level back towards $3 but I anticipate a slow fade over the next few weeks after whats left of the momentum dies out

SGEN worthy breakout, this is in play next week in my opinion I’d like to see a squeeze towrads $13.50, but we’ll see what Monday brings us.

SGEN border line breakout here over $12 - From scan HERE

SGEN on a $11 break may see $12-13+ here short term, I’m not convinced yet it needs to break and hold $11

Recap: Airline Stocks HOT Again For Wednesday the 6th and MICG.OB

August 5th, 2008

HRP nice gradual continuation based at $7 from scan, and broke through $7.50 area, this will more than likely be the new low if the move continues north

HRP looks pretty bullish here if it breaks and holds the $7.50 level look for continuation, more of a longer term play than anything

PRTY just about testing $20, this again is very gradual move so I’d be careful with the short - looks like $20 will be tested early next week which will be a double off the lows.. Although it may be a nice short over a few weeks again I’m only a trader and based on the consolidation around $18 the past four days and breaking off to head higher, this may just be basing for an even higher move, normally I like to short into a spike so I’m radaring for just that.. and until I see it I probably won’t short it. I do think this will be a gradual fad back down towards $16s and probably a worthy short but that’s like rolling the dice, and I’d rather not.

PTRY great squeezer nearly 100% gains in the past 2 weeks looking for it to test $20 before I think about the short (unless weakness keeps in before)

Recap:Hot Stock Scan for Tuesday August 5th August 4th, 2008

MOT filled the gap to $9’s. Off radar now unless it begins to squeeze, it might be a worthy short if it fails to break $10, Provided a nice short on the failure to squeeze over $10.

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

OFI pigs get slaughtered! after a breakout happens I usually tend to abide by the rules of selling into the squeeze, if you do it takes away the risk of holding, the risk/reward isn’t in your favor if you don’t take the initial breakout move. In this case there was a 52 week high break around $8 dollars and change and it squeezed $2 in 3 days.

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