Tomorrow will be a potentially slow day due to the holiday weekend. At the same time, their may be less sellers sticking around for the long weekend and instead some nice squeezes. It’s always an interest day in the past years I’ve been trading…

Well there sure were a lot of breakouts today, that’s for sure. I won’t list the charts of all, we know what they were: ABK, FED, MBI, FNM, FRE (was lagging) LEH, GS - more weight the first four in the range that I enjoy playing. All of which I’m looking for a further gap and squeeze and possible sell off, but nothing more than a trade. These are complete short squeezes and taking a gradual week long bullish move and apply the gas this afternoon into the close. I’ve focused on a few of the less popular stocks that are in play that won’t be backed by WSJ, CNBC and others.

STXX originally a Lebed pump, a huge sell off, a large bounce, and huge shorting opportunity and here we are again another spike and potential shorting opportunity. Extremely low volume, spreads aren’t TOO bad which is hard to come by with stocks that trade this low volume. Watch for the test/break/failure of $4, need a $.50-.75 spike to get my interested for a starter short position after that I’ll add on weakness - $3.62 currently in the past it tends to gap heavily the next morning nad sell off through the day

ZINC should test over $8, very bearish over all though, if it can’t continue to squeeze over $8 I’ll join the bears, its at previous resistance now, if it breaks look for mid 8’s to 9 to top out, I doubt much higher

TAYD watching for a gap test of $8 and weakness. It’s possible if it breaks last highs that it continues and it bases in the mid $7 range to support a move much higher. Superman HERE enjoys/has played/will play/is playing this stock and I’d watch for his thoughts on it if historical moves mean anything to you.

PBNY I’ll buy the $14 break with a stop just under it, pur ebreakout chart here ready to test $15

IDMI gradual climber, lots of volume today and close HOD, this is bullish hoping for an accelerated move towards $4

UFI similar feeling as IDMI, $4.50 appears to be a magnet after that I’ll begin monitoring for any acceleration in the move as we saw today on RHD

Few other short potentials can be found HERE.

Last nights scan HERE turned out nicely on the short potentials IPII and FIGI as well as the STSI breakout, watch for a squeeze if it test $3 again tomorrow.

IDGI - Well I hope if you were an investor you saw my post stating this was NOT the next TRLG. Any time a stock says its going to $35 (like KYUS) or it’s the next Microsoft (in this case the next True Religion) you should be scratching your head. Sure it can be profitable to right the momentum on the way up but as soon as it starts to hit any type of resistance be careful because as soon as support decides the promotion is over look what happens. You can thank thestockpic.com for yet another absolute massacre as well as any other sites mentioned in my post HERE. The thestockpic.com also covered VYEY.OB at its peak the very last day of May and has since proceeded to take out more and more lows. You can see that chart HERE. Thanks thestockpic!!

from	TheStockPic <testimonials@thestockpic.com>
reply-to		testimonials@thestockpic.com
date		Thu, May 15, 2008 at 6:04 AM
subject		IDGI: $2 to $3

Great call $2 .. $3? Or did they mean .02 or .03?

On that note everyone can thank Jonathan Lebed for a nice 50% hair cut on his STXX recommendation on their attempt to take advantage of the hot oil plays the same week as (MCX, PDO, FPP etc etc.) and re-up an IR contract to do so. Apparently by “skyrocket” he means TANK. Thanks Lebed!! Our fault though should have short as much as we could, thanks for the stellar pick!

from Jonathan Lebed <alertlebed@aol.com> to date Wed, May 21, 2008 at 11:25 AM subject Lebed.biz Alert - STXX oil and gas play revenues up 1,866%!

I will have a scan shortly for tomorrow.

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Few others from the Under the Radar Stocks breaking out to new highs: PGOG.OB MXFD.OB NWCI.OB LBAS.OB FORC.OB LAUD.OB

Another canada.com article like the one on GTXO - this time on AUSE.OB you can view that HERE.