Posts Tagged ‘SQNM’
Monday, August 25th, 2008
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STSI biggest gainer today - watch for the gap and test of $3 out of open, if it fails it’ll probably be a great short back towards $2.50 - they had a court ruling in their favor it seems it gapped down from $3.50 and $4 so keep those areas in mind if it holds and breaks $3.

CPSL slight reversal I’d like to see this test $6 - $5 may be decent support, $6 could cause a squeeze will zero in on it at $6.

SQNM holding its 400% gains with no issues, $23 break is going to squeeze towards $25+

TSYS back testing $8 again - if it fails and shows weakness might be worth it to join the bears

MITI great short today we’d been monitoring for a few days now the test of $8 failed and a nice correction.

NOBL holding all gains - a break of $6 will cause a squeeze in my opinion

Tags: CPSL, MITI, NOBL, SQNM, TSI, TSYS Posted in Plays | 28 Comments »
Monday, July 28th, 2008
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EMIS beautiful breakout move here, I’d watch for consolidation around $3 as it attempts to break through the $3.50 mark.

HDY managed to hold higher highs, that’s a good sign that they may actually have something cooking, last run stemmed from a bunch of press releases, looking for the same thing here, if it can break $2.00 which I’d bet on it happening out of the open today, watch for slow continuation - this will only interest me around $2.40-$2.50 as it test previous highs. The small short that one could probably make shorting around $2 and covering around $1.80 is a bit too much risk, after all we want the odds in our favor.

USS I’d like to see a second test on $5 as it very well may break it, if it does I’m watching for a .50 to $1.00 spike to short into, if it doesn’t break $5 and shows weakness i will probably join the sellers and cover only if it test/breaks $5 again

OFI absolute beautiful breaout chart, this should test $10, if today’s gains hold I’d be looking for a long position for that move up - this could be an extreme squeezer of the momentum continues

SKNY up over 16% today! this may test .40+ where I’d think about taking some profits!
SKNY back under another promotion it looks like, this may be good if it holds $.30

SQNM although boring its still on my radar because a $22 break I’m a buyer, I can’t believe it’s held all of these gains without any major dips, this has been on scans for quite some time, see more HERE.

Huge plays today from our scan last night, two of our favorite shorts acted exactly as anticipated, (ZYXI) down nearly 15% with plenty of shares to borrow, (VISN) lost $2.50 from its highs (near $24). We posted mid day today about it HERE and our scan from last night is HERE.
Tags: EMIS, HDY, OFI, SQNM, USS Posted in NASDAQ, Plays | 2 Comments »
Wednesday, July 9th, 2008
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IDAE - possible breakout buy tomorrow towards $2.25

LONG from scan HERE, moving up yet again, if this doesn’t break out tomorrow I’d suggest taking profits since the volume has dried up, although it may still breakout, I play stocks based on volume, % gains and ability to play the channel during the day. Once it loses volume I tend to take it off the radar.
LONG Elong Inc - on watch for reversal here, $7 needs to hold could test back towards $8 for a .75-$1.00 bounce.

Crossed through $24 on the downside = breakdown, watch for $22.50 area to cover. From scan HERE.
AVCT Avocent Corp - Four days of big candles, watch for the $24 gap and correction back towards $22.50 range. If $24 holds, be careful it could squeeze higher.

OPTV Opentv Corp - double top today, if it breaks today’s high this may pop towards $1.75+ There is enough volume to trade in and out during the day but not attractive enough to buy and leave the PC since its a high percentage mover being such low price.

SQNM Sequenom Inc - another fabulous trading day on this one, watch for all spikes and confirmation of breakdowns intra-day and it provided quite a bit of profit opportunities today. I traded it quite a bit myself. I am bearish on it at this point but still expect it to squeeze higher, but I won’t be making money off the long side, only making money on the spikes correcting and breakdowns

Tags: AVCT, IDAE, IDAE.OB, LONG, OPTV, SQNM Posted in NASDAQ, OTCBB, Plays | 1 Comment »
Sunday, July 6th, 2008
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Some OTCBB’s on watch from scan earlier today HERE.
SQNM Sequenom Inc - I have been playing this stock intra-day for a month now nearly every day, and we are at yet another break point. $18 break will toast shorts again, I’d imagine it gaps out of the open, retest $18 and may breakout towards even more highs. At the same time, it may gap and crap and finally sell of towards mid $15s which I have been (and I hate to confuse Tim Sykes “pennystocking” term) but literally stalking the stock for that weakness.

PDO - was a great daytrade Thursday provided me with a near $2 dollar per share profit on the bounce, but managed to bounce over $4 from the lows. BUT profit is profit and you can’t look back. There are still a lot of shorts in this stock (PDO) as well as (MXC) and (FPP). Personally I’m not a fan of FPP, but PDO and MXC can squeeze on weak shorts covering at any moment - they’ll provide a lot of $1-$3 dollar swings to both the upside and downside but unfortunately their hard to get borrows. Notice how PDO held near $20 support where it consolidated May into June for nearly a month… it’s important to note these trends on the chart before jumping straight in (for example MXC didn’t hold its consolidation area around $30, although it may squeeze when it re-breaks it.. something to keep in mind)

GETG Green Earth Technologies Inc - This promo still has a lot of legs, potentially towards $4 but as of now not short-able for me anyway. Will continue to watch this one, if it consolidated and holds around $3 it may be a good move higher.

OSIR Osiris Therapeutics Inc $14 break may squeeze towards $15 its been a while since its traded over the $14 mark… and once it does it may cause a squeeze.

VCI Valassis Communications, Inc - $13 holds this should be good for a reversal, if it doesn’t watch for it to cross back over $13 for the move, but Thursday candle looks rather bullish.

GSI talk about a correction, I figured to start it’d only be about a dollar of correction but as past predicted, it gave back nearly all of its gains… watching for a $2.00 bounce on a dip under $10.00 Monday. From scan HERE.
GSI General Steel Holdings Inc - $12 break I’m a buyer only for a quick flip because thats big resistance to break should spike .50-$1.00 + on the break (it has run to spike another $1.00-2 max in my opinion (on this move), after that I’ll be looking for reverse sides for downside potential of $1.00 or so, based on its past it seem as though once it reverses direction it gives back nearly all its gains.

Tags: GETG, GETG.PK, GSI, MXC, OSIR, PDO, SQNM, VCI Posted in NASDAQ, Plays, Stocks | 2 Comments »
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