FOUR excellent play from $1.40 I exited at $3.59 but after a consolidation mid morning it tested $4 before selling off to nearly $3. Either way plenty of profit allaround for everyone so I hope everyone did well!

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SOLF from scan last night in play, watching for more of a dip out of open towards low $18s and will post comments at that time, hopefully we get another good trade like today’s near $1.50/share profit HERE.

From scan HERE.

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.

Nice reversal today right off $2 mark, $2.50-$2.60 break should start some covering since that’s previous highs, this has room to play towards $3 on the break, if it has a tough time what’s wrong with 20% profits in one day?

NED looks like a good buy on the $6 break - could test $6.50-7 on the break - had earnings tonight so lets see how it reacts out of open

HDLM from scan last night:

HDLM just broke previous highs around $2.00. Look for today’s gains to hold and this can support a move up +.50-$1.00 in my opinion.

Up $.33 today near 13$ this has room towards $3.00 may gap and squeeze out of open and that’s a good 20% profit

EFJI interseting break from consolidation, interested in this as long as it holds $1.80

MITI as explained here, this is why you don’t short a gradual mover until it proves its weakened and the interest has left. Brief consolidation and a nice squeeze higher, $7 break should test hopefully this begins to make a parabolic move for us towards $8-9 and gives us a shorting opportunity.

MITI and STAA both very similar charts and similar moves on Friday. Watching for continuation on both and hoping weakness to kick in after a brief squeeze. These are not shorts out of the gate even if they tank, they are risky and the odds aren’t on your side. The moves have been gradual up from $1-2 range so I don’t think that’s really a factor (if compared to APII you can see gradual vs. not so gradual and why the interest in shorting APII was much greater last week than a pattern as such) on the same note if these don’t do any large breakouts giving us a shorting opp, I’d look for consolidation around $5 for the next squeeze higher

LBAS feeling some of the raft from the recent FOUR tank, shorters probably liked their chances and kicked this one to the curb, this can still fall … towards $6 but keep in mind the volume, play safe its low volume it can head back up just as quickly - if you missed this one check out yesterdays post.

FOUR nearly a double who followed in at $1.40 level yesterday right HERE! Congrats to all those who played!

ABK down nearly a dollar from $6 had a tough time holding that level, I’d like to see it fill the gap towards $4.80

RHD VASC both border line breakout/reversal

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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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ATPG - up $5 dollars today beats wall street views but then again its up from then $27 range. Watch for a gap and continuation tomorrow before thinking about taking advantage of some profit-taking-correction. This very well may test the $40s before it consolidates in the $36-38 range, thats the spike I’d look for towards $40.

CHTR slowly creeping up, a lot of the lower priced stocks have been holding gains and spiking into the $2s-2.50s so I am waiting for that, if it did sell off it’d be minimal and not really worth taking the risk here. If you look at how it traded today on the 1 minute chart its in a very tight channel.

NYNY - very nice move up over 300% in the past 2 months. These gains have been slow and therefore sustained because of consolidation on the way up at $2.00 and $2.50. $3.50 might be the magnet here, watch for a squeeze off that, if we don’t see one it may want to correct back towards $3.

PWAV headed up on Powerwave shares up on narrower 1Q loss; analysts lift views this may crack towards $4 on a break of $3.50. Although they are still losing money seems like people are confident at these levels, it’s consolidated a bita t $3.25, tested it 3 times… and held.

RHD - NYSE stocks are always hard to predict because sometimes they take on a life different than a normal NASDAQ stock and absorb a ton of stock on the way down and move on air on the way up (aka harder for shorts to predict). Watching for this to continue tomorrow and then should provide a good swing as shorts jump on it. If it heads read after a gap tomorrow its probably a good short but be ready to cut losses quick if it squeezes.

IBM spoke about it today mid day, this is one tough break. It was able to get through the $125 mark and did make a 52 week high however… it fell straight back down after each break. There is some heavy selling pressure at those levels, in fact there was over 300,000 shares at $125 from one seller. Once those were absorbed it spiked about 17 cents after those shares were eaten but quickly fell back towards the $124.60-75s. This may gap in the morning and take out new highs but for some reason either funds don’t want it to break yet or people are still very unsure of the market and are happy to take profits at these levels. Like RIMM, once it settles over $125 people will start talking about how its going to $150-200 once again, their psychological target.

CTT again squeezing much higher than anticipated, this may test $3, its quite a low volume play so very easy to get stuck in this. It’s an FDA type of play Competitive Technologies Files FDA Application for Pain Management Device. So there is some forward looking events on this which is allowing for quite the sustained run, I do expect though… we see $2.50s again after it spikes a bit.

UTEK After consolidating for 2 weeks holding ALL gains, UTEK busted right through the $15 resistance and carried on through the day. $16-17 is possible I wouldn’t anticipate much more for this run.. It may bore out a lot of traders but within 2-3 weeks it’all probably be back to $14. They were upgraded today TSC Ratings’ Upgrades, Downgrades.