Plays for July 2

One long and two short for tomorrow.

Long NFI 6.98

Short CYRO 5.63

Short VSGN 2.69

Recap:
IMH +5% went positive the in the last 15 minutes

IOC -23% looking for the bounce on Monday

CBAK -11%

VRNM -15%

XNL -8%

Chasing momo:
Shorted IOC 19.19 covered 18.66 with 350 shares

LOCM in 5.60 out 6.42 with 1500 shares, then went to the well a second time 1000 shares at 6.35 and it reversed immediately and I bailed at 6.07, ended up at 6.92
The big move was from news of a patent award for local search which means the company could earn large sums enforcing the patent or a bigger rival will buy them out. In either case the stock should go much higher.

TZOO in 27.29 out 27.05 with 300 shares, move was a head fake

Net for the week was +559