Finally, some good play possibilities are just lying on the ground waiting for us to snatch the coins up. The difficulty will be in trying to choose between them and watch them all for opportunities to enter!
I am thinking of arguing these Supernovae scan pick plays that do NOT weaken the very next session, and thus are not short entries on profit taking dumps with volume conviction, or a green to red collapse, etc. should be argued as pushes. They can run for just a few, or more sessions, which is frustrating as they are mostly intended as short plays only. Thus my favorite set-up tends to muddy my record in a misleading way. For example, AEHI from last time was scored as a loss when it kept climbing on Thursday.
IFLG
Supernovae. This is a fade on the above typical cues. Not promising it is done Friday, but it is up tons. High today was a bit more than the February 26th fixture of this year. Will it reach 10 again before the dump? Up after hours. Fluffy news driven insanity. Its days are numbered.
HAUP
Supernovae. Up nearly 200% in one day. iPad/iPhone news tie-in means this crappy stock idiocy could continue a spell before the drop. Up after hours. Short on the usual weakness cues applicable for these types of plays, etc.
CMSI
Medical marijuana news (!) Supernovae is up huge in 2 days of smoking hot action, but be prepared to short on the usual weakening cues if you can borrow and reserve shares. I do not see any after hours quotes.
SFMI
This trash is getting really toppy now, with high wave like candle stick printing. Short on the usual weakness cues or on any spiking, especially in the morning. Looking great under 0.40 and might fail on a new 0.50 test.
AEHI
Still in play from last time, this Supernovae play is ripening. Short on the usual weakening cues if you can.
BFARE
Closed on hod. OTC stock may gap up and hopefully spike, then yield a fade play if it begins to sell off.
IMOS
There are two distinct possibilities here with this chart pattern, which is both triple topping and suggestive of a breakout above 2 on a successful test. One is that it breaks out long and holds 2, the other is that a test of that level fails and so does this stock. With an iffy market, the latter seems the odds on favorite. We will soon see.
SPDE
Up over 90% this is on short watch on any spiking or early short squeezing panic covers, once it begins to turn. It is already up over 5% after hours, so we may get a chance soon.
RPC
More blast from the past, this "SCAMEX" stock rose over 67% on mediocre volume compared to its big move this past April. Questionable news driven catalyst. Earnings release on Friday, if they do not pass muster we could see some real tankage. On the other hand, if it is good, coupled with gullible investors, it could extend its lunacy into the weekend. Get the popcorn ready...
SVN
Over extension short play possible here. Ideally it makes another early run at 13 resistance and fails there.
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