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RAMR up about 100% from lows watching for a gap and weakness, this may have another full day in it towards $2.50 similar to SCA which we nailed Friday! Keep an eye on it, I’ll have more thoughts tomorrow once theres a chance to see it played out.

ABK 76 million shares does not go unnoticed, this is a perfect day trading stock for those who like flipping. It’s a cheap sub 5 dollar stock that is trading nearly 100 million shares. Although most of the day Friday it was heavily supported (higher highs and higher lows) but I expected Monday to have more more .20-.40 cent channels due to long/short battles after the 50% gains Friday

MBI looks like a good reversal coming off the bottom, I’d watch for dips back towards the low 7’s, once support kicks in probably pick up a few for the test of $8, on the $8 break I’d probably add to it

RDN - 46% gains on Friday, this has been liquid since hitting bottom trading many times on average over 10 million shares. This could turn into a major short squeeze if it can hold Friday’s gains Monday.
STEC

From scan on Friday some are still in play:
SCA a nice short on Friday closed weak it may gap and sell off more into tomorrow…
STEC a nice bottom reversal as it holds $10
STAA a nice breakout

You can view those scans HERE.

SCA had a nice mid day accelerated move from $2.35 range to $2.80 the kind of .50-$1.00 spike I normally talk about wanting to see to take on a starter short position (short) before adding once a downtrend is confirmed. Currently its been consolidating around $2.40-2.45 area but once this loses $2.40 it may sell off into the afternoon. HOWEVER, if it holds this area (support) there’s a good chance it continues its squeeze into close. So keep that in mind, if it breaks back over $2.50 I’d probably take my profits (cover) from the spike intraday BUT I wouldn’t leave the stock all together. Keep it on radar, keep those borrows in there just at higher levels because there will be an opportunity on this one!

SCA 200% gainer in the past few days, its probably a good idea to get borrows early at a higher prices in case they are hard to come by once everyone senses the weakness. If it’s a gradual move up tomorrow I ptobably won’t take on a short position until theres an accelerated move or a breakdown is confirmed

SCA 200% gainer in the past few days, its probably a good idea to get borrows early at a higher prices in case they are hard to come by once everyone senses the weakness. If it’s a gradual move up tomorrow I ptobably won’t take on a short position until theres an accelerated move or a breakdown is confirmed

BRKR up over 15% today, watch for continuation over $14 out of the open, if it fails to break theres probably a good .50-$1.00 downside, but I’d expect a bit of continuation

Watching for a move to $6.50+ before potential weakness comes in

TWP - watching for a gap and crap tomorrow

Bottom Reversal

STEC As long as $10 breaks/houlds this may head back to $12-14 short term.

STAA breakout watch here very nice chart setting up

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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