Yesssss, finally back up and running! I was able to scan a lot of stocks today and found quite a number with big run-ups during the trading day or two, but the plays below are what caught my eyes and drew my interest:
SUMT - After five straight green days, this stock finally went red to about -5.0% or so during the trading day to finish red at -0.70%. It's a slow mover that might have finally run out of steam. This will test your patience, but I've played slow movers before and have held multiday because of the PDT rule.
MYEC - This company finished green at 51.82% today on no news. This stock hasn't done a thing until today.
FTBK - Five straight green days finishing 54.03% during that winning stretch. I'm keeping an eye on this one until it finally runs out of momentum. I try to stay away from "real" companies such as this one.
RDN - Closed green at 39.81% today and green at 75.61% since last Friday. I'm going to try to reserve a few shares early tomorrow morning and short it during premarket.
FRA - Second red close in a row today, but it might be a slow mover though.
ELRA - This 58M "company" was a nice bleeder today closing red at -16.94%. This company could continue bleeding to death; a "hard to borrow" stock, so the early bird will definitely catch the worm on this one.
IBNK - Unbelievable surge during the last twenty minutes of the day finishing green at 20.65%. This would be a definite premarket short for me. I doubt that crazy surge will hold.
PMFG - Closed green at 14.75%. Another stock with an unbelievable surge during the last thirty minutes of the trading day.
Thursday, October 16, 2008
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