Scan List: BEXP KOG PDO ENT DGLY EXM ICO SCA MMR WMG

This is a purely technical scan and what I’m looking for on each. There may be earnings expectations being built in and if hit could spike further, or upon a miss could sink, there also may be news releases that come out and disprove any reads on the charts as of tonight 4/21/08! So with that, proceed with caution but here are my thoughts!

Big day in the markets tomorrow with AAPL first and then BIDU Thursday

KOG
Very nice move as of late. Lots of players trying to find the top (which it did top temporarily) but managed to squeeze higher and higher. The top is near in my opinion. Watch for a morning spike, if it loses $3.20 this should test $3.00 support again and end up near the $2.75 mark shortly there after. Worth a watch here could be an easy .50 cent play given a morning squeeze.

PDO - very thin not worth it to take a big position. I would watch for the test of $7.00 again before shorting. This is one of those stocks that could wash out to $5.50 and immediately recover to the $6.50’s leaving shorts confused and before you know it … its double digits.

ENT - A lovely chart, volume is really kicking in now. The volume tells me there is still more to come and may very well take out the last high of 2.65-2.70. On this break it should see $3.00. It’s not ready to be shorted … yet…

BEXP - quite a break out lately watching for the break of $10.00. If it breaks $10 it will probably start consolidating around this level before it heads for $12. If it breaks over $10 proceed with caution, and wait for the trade to come to you. $10 is a key area. There are two plays I am watching for.
1) Any spike to the upside of .50 to .75 I will likely scalp (rather quickly unlikely to hold for any period of time)
2) If it opens above $10 and squeezes higher I will wait for it to show weakness, upon breaking $10 on the downside I will enter looking for mid 8’s.

DGLY - met some resistance today, if this loses $9.00 it may retest low 8’s before heading back towards $10.

EXM - what a breakout $28 to a near $45 in a week. Watching for this to “gap and crap” tomorrow. This may open up $43.50-$44.00 and sprint towards the $45 before closing near $41. Most definitely on radar!

ICO nearly 10 million shares traded hands today. If this trades above $9 tomorrow I will watch for the fade under $9 to begin my short. What does that mean? If its $9.10-9.20 and begins to sell off towards the $9 mark I will short then, rather trying to catch the top. This can very easily see $10 so I’d rather not try to find the top by picking it out of a hat but rather let it form and then just join the fall.

SCA - starting to turn off bottom here, I’m not usually a fan of the sub dollar plays. If this breaks $1.18 it could turn into a supernova of sorts after it breaks $1.50 in which case I’m sure you’ll find Tim PennyStalking it but its time time and as he’s mentioned its just a POS random stock. I agree. BUT its on the radar just in case it squeezes not worth a position yet, although I do think we’ll see .80 before 1.20.

MMR some of these NYSE stocks vs. NASDAQ stocks are unbelievable. They just trend straight up without looking back. It’s heading towards $30 but I don’t think it will make it. This is on watch for any weakness, potential upside I feel is $31.00 potential downside support is around $24.00. Tomorrow may be the last day it closes green before taking a breather to gain additional momentum.

WMG - Heading towards $9.00. Note back in February it had trouble getting past that. This is what I’m looking for, if it fails as you can see it corrects rather quickly to the downside!

RDTA a great short heading right to where it belongs…

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Thursday and Friday gave us quite the surge in the market, hopefully a lot of that carries over on Monday… especially to some of these smaller cap stocks where we can take advantage of the inefficiency!

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Also check out previous entries!
UFPT - Watch this one here if $11 doesn’t crack we could see $9-10.00 very easily. Back in late December after it ran up it corrected very quickly within three days. If it does watch for at a .50-$1.00 spike towards $12 before taking any position as it could squeeze to $12+

WMG Watching for $8.50 break followed by the $9. $9 was the last highs and held it down before a quick $3.00 correction. That kinda move intrigues me… so on watch!

If BONT doesn’t break $8.00 it will be a good short. It had some trouble three months ago failing to break any higher. This can head back towards $6.75-$7.00 on failure to break.

CDY - watch for $2.00 break. Every big run it has is always followed by many weeks of falling back. Everyone will watch for the $2 break but if it can’t … 1.50-1.75 is coming shortly…

DXCM almost a double now, watch for this to break $7.30 (Friday’s high) if it doesn’t a short is in the clear with a stop loss at $7.30 or above. This can head for a 50 cent to dollar correction but I’d like to see one more day with a try towards $8, but doubtful.

FCSX seems to be getting a bit toppy again, watching for it to break $40 towards the upside. If it does I will either short on a squeeze or .. wait for it to head back under $40 to short. It may correct back towards mid $30s. This could squeeze to $42+ based on how the chart is turning up, so the play … only one it puts in its top will I short

KOG made scan again, if it fails to break $3.00 its a good short, hard bounce off $2.50 tells me longs are in control.. but for how long? If it does break watch for a .25 to .50 cent squeeze to short on.

OSTK had a nice run, I feel like it may still be a buy with a run towards $20 before it decides to lose $18 and head back towards $16. So there are two plays here…

RDTA (TIGR), geez give me a $10 gap area followed by a sell of to $8.50 and a job well done.

NOG doesn’t want to give up, seems like longs are trying to hold the $10.00 mark. Although this is up a lot lately its realy holding, a loss of $9.85 will send it for a correction towards $9 but its not that much of a ‘no brainer short’ based on how its been acting, could squeeze towards $11-12 before we see a nice $1-1.50 correction on the short side

Potential Longs!

Keep V on watch for breakout! $70 break again people will start thinking $100 is imminent!