MXC - Reversal was only a matter of time on this one. As I thought HERE once it consolidated it would more than likely retest $40. I also expected a 30-35% correction before changing direction. Yes the stock probably doesn’t belong this high, probably extremely over valued on all accounts and probably will be much lower in a month or two once things cool off and the big players have found another security to play with. BUT the FACT of the matter is all that doesn’t matter. This is a speculative commodity play, which is explained HERE very well. This probably will open $41-42 regardless and if the momentum can carry over and could test $45 tomorrow.

Can it test new highs? I doubt it .. BUT I wouldn’t rule it out. A squeeze to new highs would be fueled by one main thing - inpatient shorts last week trying to knock through the $30 support and finding themselves upside-down on the adds. I’d watch for this to squeeze and wait for it to break back through $40 before attempting any shorts.

PDO - Similar to above - I would let it test the $20 level before doing anything. If it can’t break through I’m not sure I’d short it just yet even though the downside is probably around $3-4 dollars. Too much risk when it could easily move towards new highs. I’d like to see it test $22-23 and began its sell off before thinking about it.

FPP - no real rhyme or reason here, it’s just going to follow the rest (PDO MXC), this will more than likely test $6.50-7 tomorrow at which point it’s probably going to find some resistance levels. If it can test $7 and hold it’s gains it may be a multi day squeezer. If this holds today’s gains out of open I would be a buyer looking for the $6 break.

ROYL - too much of a move, any gap and run I’d be bearish on tomorrow. Although it’d only be an intra-day trade I wouldn’t suggest shorting and leaving for the day, at any point it could take out new highs. Join us in chat tomorrow because as many were trading these stocks today - I’m sure they’ll be in play both ways (long and short) tomorrow.

Few on watch for tomorrow. Lots of plays today, if you are around during the trading day tomorrow take a stop in chat at http://www.investorslive.com/chat.php

PSDV nice walk up, finally got some volume and a breakout, watching for any follow through.

TWP - Watching for the gap and run towards $14. That’s the key level here, either it breaks $14 and squeezes more (where we watch for the short on any .50 to 1.00 move) or it doesn’t break $14 and we short it for a correction back to $13.

BHBC - Consolidation around the $2.50-2.75 level, watching for a $2.85 break which could push it through $3+ for a spike back towards $4. If no volume comes in and no follow through… this may just float around the same level and head back into the 2’s. So I’m only watching for the $2.85+ break.

TSYS has been flirting with $5 dollars for about 2 weeks now, closed today at $4.99. After a big dip today and closing at the high of the day this shows a bullish (longs in control) move which may be able to support the break to $5.50+

SINO is going to be the best one to trade tomorrow I expect swings both ways to be enormous $2.00-$3.00 both ways.

MXC / PDO / PFF

These again will be volatile I’m sure, MXC may want to gap a bit to try to scare shorts to cover or it may want to gap down to trap more shorts so it can bounce. Either way the bounce will be limited in my opinion and as you’ll see over the next few weeks the volume will go back to slim to none before it craters back to the $20-22s. But since there is volume, it is in play I do expect a slight bounce. If it test $30 it’all probably screw a few market sellers with the wide spread and those orders will fill $28 range. That’s where I’d buy for a bounce back to $35+

PDO and FPP I’m using the same game plan

PDO may want to test $17-18s before heading back to $22 - $23-25 is top in my opinion the move is done, longs will try to squeeze shorts again but there is a point where it even gets risky for the longs if they get stuck holding a bag of exactly what these companies were 2 weeks ago (nothing of interest to anyone .. anywhere)

Well if we hadn’t thought it hit its tops a million times before MXC finally may have topped. It is currently down 25% off its highs. I’d say a 30-35% pull back is extremely fair on a 600-1000% run from bottom…. That would sit it back to the $30 range. But again, anything is possible, it may squeeze back towards $40-42 just to keep shorts on their toes, but I do believe this heads back to where it belongs… and thats not at this level. Theres a point where it gets risky even for those big players that supported the entire move….

PDO and FPP are just following the momentum of the low floats and oil sympathy plays… and its possible that people have caught on to what I mentioned last night regarding SINO !! SINO is up 25% out of the gate this morning! Trading +3.50 on the day. This is a huge gainer not only from open, but from the $11-12’s yesterday in chat! Way to go! To read why I figured SINO would be in play please go HERE.

Well right off the bat, its clearly on the business model. If you dig a bit deeper you’ll see Sino-Global filed an initial public offering of 1.2 million shares priced at $7.75 a share. Anderson & Strudwick acted as the lead placement agent for the offering

If you go back Anderson & Strudwick Closes $6.8 Million IPO for eFuture Information Technology Inc. of Beijing, China. You can find the artcile HERE. Their website can be found here: http://www.andersonstrudwick.com/ It’s worth watching because at the time EFUT was in a hot sector and the float was soaked up by more than likely a bunch of hedge funds who decided to squeeze everyone for over 500%. Well, previously covered DRYS which we saw breaking out to more highs most recently is ‘hot’ and some of the investors may find this as a cheaper alternative buy or traders may find it as an alternative sympathy for the following three reasons:

1) Anderson & Strudwick connection
2) Momentum coming off of DRYS
3) Low flight (besides the obvious reasoning behind why a low float is important or attractive -  I think its  self explanatory with the most recent rocket ships MXC and PDO as to what can happen when a low float stock squeezes everything in sight.

Hey, it may do nothing but its still worth putting it on your radar screen especially the multi dollar swings traders nailed in chat today.

EFUT

SINO

DRYS