Lets just say this one is open to discussion and needs refinement. At the moment I have no system in place, other that the fact I am heavy into TA. Often these stocks open to the masses with great technicals leading up to a breif run (3 weeks or so as I mentioned), but before that they are more or less just lateral moving stocks. These are the ones I like. The ones that have accumulation written all over the charts for a sustained period probably should be avoided. Also, the more gravy in the story (hype), the better. I'm sure each newsletter would be different. Let me know what you and your associates can do to pollish up "Short on Newsletter Hype Play". A good place to start is to collect some of the old newsletters with fresh (be sure they are fresh relative to the newsletter date, often is the case that an old play is "re-hyped".) stock recommendations, and peek at the charts. Mainly you are interested in price and volume....try to ignore the technicals, for they are often artificially inflated...especially in low float situations. Now for those stocks that meet the criteria, sometimes you get lucky and they are marginable (these guys love BBs)...if that is the case, then put them up on your watch screen. <G>
As far as Senior Waaco Kid is concerned, he is on the very top of my list. I am not a professional trader...just part time in some mornings (always mondays), lunch, and some evenings. I'm gearing up for the inevitable (for the last 2 years). My day job satisfies all my current needs, so daytrading must wait. :-(
Regards, Paul |
