TICKER

SETUP

PLAN

$LINU

Over-extended Short 

This has run from .18 to .80 over the last 3 days (almost 400%).  Looked finished earlier this morning, but came back nicely and finished a/h exactly at the days high.  It should struggle at the dollar mark, and I'd imaging there are shorts that will be there waiting.  Technically this is also an earnings winner, so I will be looking for a short around the dollar mark, using 1.10 as risk, but will also be cautious, as it closed quite strong, and again it's an earnings winner. 

$SPI

Short into resistance

Crazy crazy run several days ago, on no news.  Dropped the last several days, but held 1.00, and actually had a really nice bounce today.  Still no news, and would look to short if it pops tomorrow into the 1.80s.

$AVGR

Long on possible b/o of day/multi-week resistance

Popped midday on PR of positive clinical data (Coincidentally, they also released notice of delisting from NSDQ this AM).  Ugly chart, but has ran for several days in the past. Was at all time lows 3 days ago.  Big drop from mid 1.00s in early April due to decreased revs and workforce cut.  Hit .59 today before pulling back, but closed decently enough, w some strong support in low .50s.  Would look for dip buy in high .40s or long on break of today's high, as that is also basically multi-week resistance.  

$MNKD

Long on possible b/o of multi-week resistance

PR a/h today on Brazil approval for diabetes med.  Had been uptrending since getting crushed after announcing dismal earnings, for 2 weeks or so.  Was also almost first red day, but PR changed that, and volume was good a/h.  Huge short interest, but large float as well.  Multi-week resistance at 1.88 and i'd imagine will be resistance at 2.00.  Still would look to go long on break of 1.88.  Like the short interest.  Don't like that it is up 4 days now, over-extended, and it is such a crappy company lol.  Will let price action dictate.

$MBOT

Currently long o/n

Big winner today.  Was at all time lows after big drop yesterday.  Released PR on Canadian patent.  Was grinding up slowly on low volume for most of the day before exploding in the afternoon w/ volume.  Low float, w/ good amount of short interest, and i'd imagine sucked a bunch of shorts in yesterday.  I actually banked nicely on an earlier dip in the low 3.40s, just before the nice rip.  Sold in low 4.00s.  Then it ripped some more, and I got in again at 3.11 on a dip.  Holding o/n for possible morning squeeze.  Will sell into strength if possible.