Had an idea for a thread, calling it "Poppers". Using the canned "volume gainers" scan on stockcharts.com, I've been catching many tickers that have multiple hits at a resistance. Wait for more volume and some price follow through, and boom....to whit, SEVU, MONIY, CIO, AFOP...ad infinitum.
Each ticker is of course its own animal and will run to varying degrees, once breaking resistance, but a humble percentage is seemingly easy of late. So, while it lasts, and the ticker keep popping up, I'll try an adjusted momo and go for some "poppers".
Sold AMWS yesterday....a day too early....and moved into CBJ, at $1.65. Starting to go a little weak today as the specialist turned the volume spigot off of and was inducing selling w/heavy asks, but still up 10% of the entry. If it dies I'll be out...and find another. |
