My scan included a lot of OTCBB’s which I didn’t post. It appears as OTCBB’s are back in full force yet again over the weekend I put up 2 post.. one how to play them and 2.. a few ideas. I advise not to read into the news but just play the momentum, stick to the ones with volume, you’ll notice many many nice moves especially LBAS which we picked off at .75 cents. There are so many 100-500% movers CVRG, CAAD, SFIO, HYGN and many more don’t be afraid of them but just stick to the one’s with big $$ volume.

Is DoublingStocks.com Heading Back to the Same Pot?

Taking Advantage of the Plays at Hand – DON’T Drink the Kool Aid – Just Trade it! Nevada Gold Holdings, Inc. (NGHI.OB)

ADY let’s see if it test $30 – short bias on a fade

HIG – great call by “GS” in chat outta the open from $17. We’d been talking about it all night in chat regarding the short side on it and boy did that drop! I expect more nice swings during the day tomorrow

BXC keeping an eye on re-test of $2.50/green might get a nice 10-20% rebound

FIG same thing as BXC – keep an eye for the $4 test and then a reversal – if it doesn’t head down – green cross may do it

PKOH watch for $3 hold and possible reversal towards $3.50

CSUH been on scan a bit, after that .15 break still movin’

CORS if this holds .60 range I may watch this for a bounce towards $.75 and that’s probably the last bounce that its good for

IPCS awesome break – just as I had gone over in seminar about breakout patterns I look for, $9 area consolidation and a break out right from it. Keep an eye for further continuation towards $11 should be a great play

WNR double topped near $14, if it doesn’t break should be a good short back towards $11 but the recent higher consolidation may have enough to break through $14, once it breaks $14 I’d long it

CAS huge day off bottoms, keep an eye for further gap/continuation tomorrow and I’m stalking for the short side

IGK another bouncer – once market gives up its gains these are the ones I’m onitoring for 15-20% corrections

PKOH another one, straight off $3, downisde potential greater than upside after a morning rush – keep an eye for the momentum to stop

IPSU $5s to near $8s, same as above hopefully a bit more upside and then I’m short biased

MBI from scan last night 3 day bounce so far, keep an eye for the $4 test and should provide a good opportunity for 10% on the short side

SIL on major watch for reversal now that Gold, Mining and other minerals are heading back up. This initial run was fueled by these sectors getting hot so its on radar tomorrow, this could head back towards $2.50-3

GOLD as I said above starting to heat back up, money flowing out of the big boards and into minerals, gold and other ‘less riskier’ in some investors eyes stocks, but then again they are still a security and can be negatively impacted by the state of the economy

PKOH like last night these bounce plays are worth watching – many stocks that have given investors large returns over the past few years not only have sold off but the low volume is causing stop sells to be hit and ridiculous drops intraday. Keep an eye on this for a drop under $10 and watch for support to kick in

GASS lost 50% over the past 3 days alone, lets see a drop under $6 for the reversal back towards $7 or 8

CVGI – Ouch! Another 50% loser over the past week, let it test under $3 again if it holds $2.50 it should rebound back towards $4

The following two Pro Shares Ultra Shorts may tell the short as a TEMPORARY market bottom in need of a bit of consolidation before heading lower. If you notice on FXP $150 topped out last time and had trouble break again today, same with SKF. SKF tested the same peak as back in mid September when the market first started dropping. This is only a technical observation and I’m curious if it holds true – we may consolidation the next few days and a slight rebound towards 10,000 but I don’t expect any crazy moves one way or the other without some consolidation first. Yes it’s bad I think the ‘worst’ is over for right now until Wall Street realizes the lower highs means bearish and panic will set in again, perhaps after a failed holiday retail season.

FXP

SKF