Not too much on scan tonight, I’ll have to rescan out of open and looking for the percentage gainers either to join the momentum or short the weakness.

If you guys have any on scan feel free to comment and I’ll take a look and provide any comments I can.

Check out: Ticking Time Bomb Or Sound Investments? (LBAS) (MXFD) (FOUR) and More

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FMD active from today great sell off from open on the short and two decent bounces intraday for .30-.50 cents. Nice support in the upper $3’s lets see if it holds $3.60-$3.65 tomorrow for the bounce back through $4 - It’d be nice to see it drop out of open allowing for a good pick up followed by a run up back towards $4

FOUR will more than likely test $2-3+ on a brief squeeze (based on comments earlier on the last blog post, not necessarily squeezing shorts that are shorting at these levels because its highly unlikely people are … but rather forcing those who DO have a short position to close it out in the possibility it bounces larger than anticipated AND those playing the dead cat bounce causes a spike in the stock) This is what I expect to see today/tomorrow after that I’m not really interested it will lose the volume and start to tapper off

VRAZ held all gains from the spike last week, testing $1.50 tomorrow

CSUN hoping for a squeeze through $10 towards $11 or $12 to open up a decent shorting opportunity

GSPG.OB back to consolidation mode, I won’t buy until a .055 break because it could trade back and forth around this range for quite some time (which does show strength if it can hold .05) but needs to prove it wants higher before I jump on again as it can easily lose it and start to sell off.

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Recap from yesterdays scan here.

Airline stocks showing signs of resistance today

Three border line breakouts in order of how I like them

FCFS snaps the double top at $20, I’m a buyer and worth holding as long as it can maintain $20 +/- .10 support.

IRC a breakout over $15 (more likely $15.05 or so as a trigger price since its hit $15.03 a few times and sat back down) this should be an easy $1.00 upside on the break.

LZB momentum has to hold low $8 range, I’d watch for the dip to buy on and add on an $8.50 break

Short watch

VRAZ another sub-dollar stock watching for the gap and squeeze over $1.00 and will short on weakness.

APII careful with this one but putting it on watch, not ready for a short yet even if it tanks, its too thinly traded, rather I’d like to see a parabolic squeeze since there’s probably some shorts screwed as is stuck in the low volumeness. These are where some of the best squeezes begin.

LNG looks like a one dayer, watch for the gap, squeeze and crap back under $4, if it starts off strong remember watch for a $.50-$.75 spike before trying to guess the top, go in with partial size and add once weakness is confirmed. Looking back mid may if past can predict anything… it may have 2 days of a squeeze in it before it heads back to almost where it started furthermore, based on the intraday chart today this was a late day move, shorts got fried and will more than likely feel more pain out of the open.