Scans for 05/04/09 from InvestorsLive

by | May 3, 2009

Sorry about the downtime today on IU – here’s a few reasons why HERE.

ACAS nice volume and trend should get a test towards $4 tomorrow will look for the intraday move if it decides to consolidate green on the day and test towards $4. This was a great alert on Friday. There’s been a lot of quick 10-20% moves in chat as you could see by some of the charts I posted on chart.ly HERE, HERE and HERE. But, the only way to catch these is to be in chat during the day, the entries have been awesome I usually take some off on the initial move and from that point on its just about how greedy you want to be.

ALD test of $3 into close, might open above it tomorrow if the market gaps up, move a buck in the last few days should be volatile in both directions

APKT wish this showed up on my scan Thursday but the $8 break is the same pattern I’m always talking about. Watch for the $9 test/hold and further momentum towards $10

COT huge alert in chat Friday as you saw on the links above, even though that’s just the alert near the immediate move – alerts started at $2.90. Either way should open with carry through momentum around $3.50 plus. It may have more upside towards $4.

NGAS we’ve been playing along with KOG and others – might be time for the old oil and gas runners to get going again. I wouldn’t chase breakouts but watch for dips.

PCX keep an eye for the $8 test, this one has over 15 million volume and we’ve had a lot of good shorts on it especially Friday afternoon after the large run up

MEE same as PCX, both long and shorts – faught Friday to hold that $18 level. Keep an eye for another gap open test of highs followed by a possible shorting opportunity.

PUDC shoulda rememberd this one once PCX and MEE broke out, and oldie but goodie on the coal plays will keep on watch for further momentum – prior runner

PAYD has been in scan here and here and has since doubled. The power of knowing a former runner and we actually caught it at dead bottom (why I love my scan) those post HERE and HERE.

TIN nearing volatility – if $12 holds should gain some more momentum and test towards $13+ if not it may be a nice .40-.60 cent short under $12

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