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MHGC the stand out from scan! Did exceptionally well and nailed it on the break out. $15 needed to break and hold, the next test intraday was $15.50 where I expected an immediately squeeze towards $15.75 area. Well we got a lot more than that hitting $16.38! Although extremely strong into close and probably gap on Monday nothing is better than going into the weekend all cash, so that’s exactly what I did. You can see all comments HERE during the trading day regarding the buy/squeeze points and breakout.

MHGC this is probably a good buy on the $15 break - triple top and break will make it squeeze towards $16 probably good for a quick dollar or two.

I missed the short here! I was preoccupied watching MHGC saw NOBL attempt to test $6 off the gap and should have taken my own advice it on a gap of .30-.40. Woops! It bottomed out for a bit, figured the risk/reward wasn’t there incase it reversed directions and headed higher but was wrong, missed opportunity, isn’t the first and won’t be the last! Hope you all did well though. I know Tim nailed it on the long side and took profits with plenty of time to spare. Key areas are around the $4.90 leve, you’ve seen how fast this can move, personally I’d like to see it squeeze higher for a second shorting opportunity but we’ll see what Monday brings.

NOBL crazy squeeze out of open today you know shorts were caught with their pants down and again a nice move into close. After bottoming out a few times just under $5 and breaking back over $5 and squeezing into close we’ll probably see a gap and potential continuation tomorrow. Max upside here in the next few days I’d say is around $7 (looking back to mid may), I’m looking for it to test $6 either on the gap or out of open and then watching for weakness to kick in. If it gaps up more than .30-.40 its imparative to watch it because of the gap/squeeze and tank potential that we saw today VRNM mentioned above.

Recap: (VRNM) 50 Cent Pop Out of Open, Weakness at $3.75-$3.80 August 7th, 2008

After posting thoughts/trades in real time I recapped the post HERE.

As far as further trades, the big move is done, I wouldn’t be surprised to see it attempt a bounce off the $2.50 level back towards $3 but I anticipate a slow fade over the next few weeks after whats left of the momentum dies out

SGEN worthy breakout, this is in play next week in my opinion I’d like to see a squeeze towrads $13.50, but we’ll see what Monday brings us.

SGEN border line breakout here over $12 - From scan HERE

SGEN on a $11 break may see $12-13+ here short term, I’m not convinced yet it needs to break and hold $11

Recap: Airline Stocks HOT Again For Wednesday the 6th and MICG.OB

August 5th, 2008

HRP nice gradual continuation based at $7 from scan, and broke through $7.50 area, this will more than likely be the new low if the move continues north

HRP looks pretty bullish here if it breaks and holds the $7.50 level look for continuation, more of a longer term play than anything

PRTY just about testing $20, this again is very gradual move so I’d be careful with the short - looks like $20 will be tested early next week which will be a double off the lows.. Although it may be a nice short over a few weeks again I’m only a trader and based on the consolidation around $18 the past four days and breaking off to head higher, this may just be basing for an even higher move, normally I like to short into a spike so I’m radaring for just that.. and until I see it I probably won’t short it. I do think this will be a gradual fad back down towards $16s and probably a worthy short but that’s like rolling the dice, and I’d rather not.

PTRY great squeezer nearly 100% gains in the past 2 weeks looking for it to test $20 before I think about the short (unless weakness keeps in before)

Recap:Hot Stock Scan for Tuesday August 5th August 4th, 2008

MOT filled the gap to $9’s. Off radar now unless it begins to squeeze, it might be a worthy short if it fails to break $10, Provided a nice short on the failure to squeeze over $10.

MOT lots of gaps the past few days sitting at some resistance dating back a few months, would like to see this squeeze out of open and provide a shorting opportunity to fill the gap back down towards $9 - unless their new CEO has all the answers and they are going to become a huge contender again I’ll take my chances

OFI pigs get slaughtered! after a breakout happens I usually tend to abide by the rules of selling into the squeeze, if you do it takes away the risk of holding, the risk/reward isn’t in your favor if you don’t take the initial breakout move. In this case there was a 52 week high break around $8 dollars and change and it squeezed $2 in 3 days.

OFI Three days now its been testing $10, if it can break it it will squeeze towards $10.50, risk/reward not worth it anymore in my opinion, the breakout provided $2 of upside already…

From scan HERE.

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

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VRNM Hope everyone did well on this short out of open:

admin Says:
August 7th, 2008 at 9:58 am

Watch for weakness here at $3.75-$3.80 if it doesn’t break the triple top, shares are an easy borrow today on VRNM

NOBL crazy squeeze out of open today you know shorts were caught with their pants down and again a nice move into close. After bottoming out a few times just under $5 and breaking back over $5 and squeezing into close we’ll probably see a gap and potential continuation tomorrow. Max upside here in the next few days I’d say is around $7 (looking back to mid may), I’m looking for it to test $6 either on the gap or out of open and then watching for weakness to kick in. If it gaps up more than .30-.40 its imparative to watch it because of the gap/squeeze and tank potential that we saw today VRNM mentioned above.

CHINA needs to hold $3 if the momentum continues it may be good for a squeeze towards $3.50

GSPG.OB again another amazing move I wouldn’t be surprised to see this test .06 tomorrow at this rate and then settle back again towards .055-.057s before consolidating for a week or two, this is as I’ve said week after week just an amazing technically sound TA

MHGC this is probably a good buy on the $15 break - triple top and break will make it squeeze towards $16 probably good for a quick dollar or two.

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VRNM great short out of the opening spike today exactly what we were looking for. It attempted to pass back over the $3.80 mark a few times - unsuccessfully. On its last attempt it got as high as $3.75 and the weakness began. As promised I was monitoring and posted comments regarding the short (in real time) and now is trading .80/per share less testing $3.00 (which may hold for a bit before it either reverses or breaks down even more). Suggestion: Cover at least 1/2 your position hold the rest for a possible further sell off, with the mind set to cover if it test green (as you’ll still be up nearly .50 a share at $3.30.)

You can see comments HERE.

Last nights comments below:

VRNM today’s Nasdaq percentage gainer, watching for a gap and continuation then I’m looking for weakness to kick in, I’ll see if there’s a borrow and reserve it just in case. It had a few upgrades so it might have a bit of support in there.. if thats the case let it squeeze, keep a borrow avail and wait for the opportunity, I’ll be monitoring this one and will post a comment with thoughts tomorrow once it begins to pan out

ABMD $20.07 is breakout (52 week high) its jumped up quite a bit the last few days I’d watch for consolidation around the mid 19s if it doesn’t squeeze over $20 an break it right out of the open. If it does it’all probably be a nice squeeze and just that. I wouldn’t marry it but has upside towards $22 potential and if it can consolidate above $20 it could move much higher than that. What I’m looking at is the triple top mid June, mid July and just today at/near $20, so the break will send shorts covering similar to what we saw on WMT yesterday when it broke the quad top.

SGEN border line breakout here over $12 - From scan HERE

SGEN on a $11 break may see $12-13+ here short term, I’m not convinced yet it needs to break and hold $11

GERN - looks pretty bullish here, it’s consolidated quite a bit around the $4.50 level which can support a move higher, theres been a lot of $3 to $6-7 plays as of late thats why this one interest me, $5 is its previous resistance point back in May, may squeeze on the break.

VRNM today’s Nasdaq percentage gainer, watching for a gap and continuation then I’m looking for weakness to kick in, I’ll see if there’s a borrow and reserve it just in case. It had a few upgrades so it might have a bit of support in there.. if thats the case let it squeeze, keep a borrow avail and wait for the opportunity, I’ll be monitoring this one and will post a comment with thoughts tomorrow once it begins to pan out

GSPG from scan earlier today HERE, quite a picture perfect chart here, full of a technical traders dream come true regarding support areas, higher highs, higher lows, consolidation patterns, you name it - its there. I’m not looking for a huge 50% move here in the next day or two because that’s just not the way it trades but I do anticipate an accelerated move over a nickel once it snaps.

MICG from scan last night gave us 15% out of the open on the move, watching for further consolidate and re buy on a .60 break

MICG -MICG.OB a blast from the past this had ran from these levels to $5 on its first move - anythings possible worth putting it on radar