Here's a short list taken from my weekend screening effort...
TBUS, AURI, GVCM, WLOL, ADMD, COUGF, WDRP, EVTN, PSWS, IMGX, IPRU, PROP, FRHV, MGT, BUCS, CMEY, CRGE, MONT, ASAM, NRTI
These are all "pinchers"... and therefore purely chart based technical plays... on which I've generally put in somewhere between ZERO effort to NONE... in doing the amount of DD I think is required to qualify any one of them as anything other than a chart pick. These are not investment picks... but trading picks. Of course, I can't help myself... and I do manage to do "a little" DD on some... hoping to bias the outcome a bit by avoiding those that might have "painted" pinch charts fishing for suckers. That doesn't mean that a very good number of these aren't complete and total crap... including a couple that clearly are total crap, that are interesting mostly because there is "nothing" there to be interested in... complete shell plays... that just happen to be very well priced total crap. There will usually be a couple larger companies thrown in here and there... since my screens will pick up pinchers from lists I'm following for other reasons... so, a couple in the range between $0.01 and $0.25 will be common...
If you look at one and it doesn't look like a pincher to you... check it for the weekly chart as well as the daily.
FWIW, what I try to do with these is not pick better by doing more and better DD on them... but, instead, I try to pick better, on average, by buying a selection of pinchers based off the charts, trying to get them at what looks to me like the absolute lows... and then I screen and re-screen the pinch charts, hoping to get better pinchers... which is really as much about timing the trade than it is anything else...
If I pick a stinker or two... I'll dump them fast and hold on to the ones whose charts improve...
More than one way to play pinch charts... either for the fast return right where the pinch breaks... or looking to find more of those that will put on multi X returns. My bias is toward looking for those that have multi bagger potential... so I tend to eliminate a lot of "thready" charts... looking for those with enough life in them to be dynamic... although... since I screen for "really well priced crap" on shell plays, there will be a few of those thrown in.
|