Goode Trades

PCBC – Nice move Friday on strong volume; this has a history of multi-day runs. I would consider going long on red/green. CPF has a similar chart, though not as good a history of multi-day runs.

SMOD – Nice breakout, at longer-term resistance. Good volume Friday. It was up on earnings, so it may keep going.

MTEX – I’m always short-biased on this MLM firm. Hopefully it has a third big up day to set up a better potential short.

IFNY – Breakout, but on low volume. Tim Sykes is long this. I would not buy this here because it is a pink sheet stock and the volume is anemic.

Disclosure: No positions in anything mentioned in this post. This blog has a terms of use and you can find all my disclaimers there as well; my full terms of use is incorporated by reference into this post.

PIR – New 52-week high today and nice breakout.

SNIC – Big breakout today.

MEDG – Goodbye, pumped piece o’ crap! I just missed a fill on a short order right at the open this morning at $0.80.

MILL – On short watch following big two-day move on a slightly misleading press release. It is misleading in that it uses for the headline number the NPV of not just the proved reserves but also the probable reserves. Sorry boys, you shouldn’t do that. I wouldn’t really want to short this unless it has another big up day.

EXAS – Nice breakout, lower volume.

Disclosure: No positions in anything mentioned in this post. This blog has a terms of use and you can find all my disclaimers there as well; my full terms of use is incorporated by reference into this post.

LLFH – Tim Sykes bought this today. It is a nice breakout, but it is OTC and the volume was only 622,000. I bet it will go up a little tomorrow and then be choppy. I will not buy.

RXII – I think I’ve written before that stocks on short watch can make nice buys. This was a nice buy today. Still on short watch.

MTSN – Nice breakout to 52 week highs.

BZH & HOV – A couple homies that are doing nicely in the last couple days.

FMNTQ – If you like bankrupt pinkies, this is a beautiful breakout and it has done well on past breakouts.

TSYS – Nice breakout; some resistance from early 2009.

Disclosure: No positions in anything mentioned in this post. This blog has a terms of use and you can find all my disclaimers there as well; my full terms of use is incorporated by reference into this post.

JBII & BGEM are pumps and I would love to short, but no shares.

RXII on short watch.

A bunch of oil E&P companies have breakout charts, but largely in response to the XTO buyout by Exxon, so uninteresting and unlikely to continue.

Disclosure: No positions in anything mentioned in this post. I have a disclosure policy and you can find all my disclaimers there as well; those disclosure & disclaimers are incorporated by reference into this post.

A video watchlist! The video unfortunately cuts off before I was finished. It does show many interesting stocks and gives a feel for how I scan.

Potential longs: AEN, ZSTN, TSTC, MGPI

Potential shorts: SNSS, CYCC

Disclosure: Long 300 BHWX. No positions in anything else mentioned in this post. I have a disclosure policy and you can find all my disclaimers there as well; those disclosure & disclaimers are incorporated by reference into this post.