BDT -- EDIT
Doug,
Good catch. I've been scanning mostly for sub-$1 stocks, but clearly anything that's plummeted below $5 fits the criteria: Shortable only by MMs and pros from offshore, which causes the acceleration of the downtrend, then play the inevitable bounce, which probably could be analyzed by SOMEONE WHO KNOWS HIS FAECES [hint, hint] as a form of reverse IL.
As per AURA, I've pledged never to play the same stock for more than one bounce. Might be superstition,but I think the second and third bounces--which, yes, almost always occur--are not as predictable.
At least to me.
Ivan
PS: RECY has already had two bounces, three if you count October's three-day doubling: New Year's, plus Wednesday.
PPS: EDIT -- Doug, check out that pig HMSC. This happens all the time. A death throes that makes 3 or 400 percent. I'm wondering if it's the final cashing in of the shorts, causing a squeeze, or what? |
