Yes, some old guy opened his mouth yesterday and the business world shook. I don’t care about the Fed, nor the overall markets, I search for individual pump and dumps. I am glad the markets rebounded, but only because that gets our favorite spammers/pumpers in a better mood to do the only thing they’re good at…and so if this rally continues, expect some solid plays to open up…as it is, I don’t see anything worth anyone’s time, other than if you’re a scalper and if you are, I pity you, it’s no way to live.
PGTI is now up 50% in 4 days, earnings play, inverse head and shoulders, looks great, but still a ton of bitter shareholders, I’d love for it to keep going, if it can break $6…convincingly, no real resistance til the high $7s, which would be a great entry point to try to go for a $1-2 reversal…oh, this short seller is probly just dreamin’…watch it, reserve shares to short just in case it flips
NTRZ so I was right about this fading, damnit! Not matter it’s good percent-wise, whoooo big fade of 10 cents/share…so far, probly 15-20 when all is said and done…with my poor timing and how fast this thing drops.
IDMI Remember this one a while back? Still the same shitty company, but now there’s solid support in the $1.75-$2 range…too little downside for a sdhort term short, obviously it’ll probly be under $1 in a few years, but not without some squeezes along the way….let’s root for it to keep surging to give us some real downside potential
BIOS is a earnings play, but if it cracks $4, it could go to $3.75 in a hurry…too much support though everywhere for me to really consider
VVUS is one that should make you understand why I say don’t short randomly strong penny stocks…now it’s actually a breakout play above $9…I thought about buying, but that afternoon price action where it couldn’t break $9.25 just has fakeout/reversal written all over it, reminds me of the WEL breakout the other day and look how that turned out (-15%)… this could be a real breakout, but I suck at buying anything less than perfect breakouts so I pass here
ZYXI reported their regular monthly sales increase…gonna be tough to break former high, 40 cents/share away, hopefully this thing can base around here and suck in some shorts to give it more explosivity on the upside
RDN, SCA, TGIC, ABK, there, I mentioned those financial plays, happy now? Some of you just don’t get it—while these plays have similar chart setups to pump and dumps, they move on news, often overnight news, so while you might get shortable dips, I’m waaaay too scared to hold these overnight so that forces day trades, which added to my poor timing makes the odds on these akin to going to casino…I understand casinos are very popular, but you can have those 50/50 odds, I’ll stick to 80/20 plays…next!
