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Himax Technologies Inc (HIMX) great move the past few days up a buck but if it maintains support this can break through towards $7+ Keep an eye for breakout

Newpark Resources, Inc (NR) sitting just below $8 can squeeze on a break of it, watch for it to hold $8 if it can’t I’d wait for it to consolidate before watching for the move towards $10, looks like a better one to watch for a long than to guess when to short

Novatel Wireless Inc (NVTL) sitting just below $11 - this has closed the gap from mid April and is in squeeze mode after testing the $10 support today, watch for dips for the move towards $12+

Omni Energy Services (OMNI) should gap and run ove r$7 if it can maintain the momentum as we saw with ROYL today. Keep an eye for it to pull a move like it did when it spiked to nearly $6 on almost an exact move from just below $5 to just below $6 and today, just below $6 to just below $7. so it may test $7.20 and head back to $6.80s.  It’s also in a good sector (Energy) where everything has been carrying momentum regardless of their business/operational success

Royal Energy Inc (ROYL) down a bit after hours but may be a ploy to trap shorts and power a move towards $12 before it settles. I didn’t think we’d see a move this big and I don’t think shorts did either, I also don’t think they saw the move towards the end of the day coming and ended up getting caught up pretty good… I’d be curious if this test $12 tomorrow.

Boots & Coots/Intl Well Ctrl (WEL) gradual move can support a break of $2.50 watching for consolidation and dips here for the test, volume increasing, volatility may follow tomorrow

Pacific Ethanol Inc (PEIX) - just a straight up turd since the move - but I have it on my scan in case it decides it wants to do a dead cat bounce. No - I’m not recommending this is going to bounce because it very well may continue downward and make 52 week lows, but I think if you pull it up with a chart and have it on radar tomorrow/Wednesday or Thursday, one of these days it may provide some upside profits

OTCBB Scan Earlier Today

List: JRJC OMNI MMR RJF WSCI

Not to many on scan tonight - the one I like best is JRJC. The key break here is $20. If it can’t break and heads down in the morning its a short back to the $18 range. Each day the morning is powerful about 30 minutes after open (the past 2 days) it squeezes to its high of the sale before selling off and leveling out through the day. The previous high is $22 area, so upon a $20 break this could turn into a rather bullish move. Here’s how to play: Watch it for the squeeze 30 minutes into open, see how it reacts, if its sub $20 and unable to break it… may begin its sell off.
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On another note, after it consolidates, a $20-22 break this can turn into a nice play, heres a 1 year chart to see what it’s done in the past

OMNI has been quite the runner in the past and you have to be careful for that. But $5.25 is the breakout here. If it cant break it, this will test sub $5 again.

MMR - has made scan quite a bit lately and definitely worth the watch. My previous thoughts on how to play this still stand. It’s got $30 written all over it but that doesn’t mean it will make it there. If it does… we watch for the squeeze over it to short on .. if it doesn’t theres a good $2-3 dollar downside. But Thursdays dip and recovery shows the strength in this stock, so I’d love to see a squeeze but still going to jump on the short the first second I see it.

RJF - its a short if it can’t break $29. If it does watch for the spike towards $30 before thinking about it. This should retest $27.50.

Bounce or short time? AWBC
I like this one for both sides (long and short), I played both sides on Friday using a 1 minute chart to find support levels or resistance levels. Each .40 to .50 cent move was followed by a .20 cent correction. The stock may want to retest $4 before it decides on bouncing - if it looks like it may head that direction… theres a lot of downside, keep in mind Fridays low was $3.22. Come to chat on this one, many people will be playing it.

WSCI - $18 is key, if it can’t break to any new highs out of the open Monday this should have a $1 to $1.50 downside towards $16. I’d like to see it squeeze closer to $18.50 or $19 to really capture a nice downside.