From the category archives:
Monday and Tuesday of this week proved to be solid trading days for my portfolio. Over the weekend reports that the swine flu in Mexico caused huuuuge hype in the markets, particular all the swine flu penny stocks. I knew going into the Monday’s trading day that I wanted to buy one of these speculative [...]
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Continue ReadingTake a look at the chart and memorize this classic chart pattern that almost always makes you $$$$ shorting penny stocks.
As I pointed out early this morning before the market opened in my penny stocks to watch, SCON was up 150%+ on an obvious hyped/manipulated run because there were no PR’s hitting the wires whatsoever [...]
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Continue ReadingIt started on Friday when I detailed in my morning watchlist that penny stock MDVX was showing a nice 52 week high breakout over a stacked 4 month resistance at 2.22. The stock had closed the previous day at 2.25 with a day high of 2.30. On Friday morning I knew if the stock
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Continue ReadingWhat do you think of this market? Pretty impressive strength today extending this 4 week rally! I took advantage of it an bought penny stock STSI on an perfect intraday breakout. STSI ran up about 4% in the morning and consolidated nicely forming a clear resistance at 4.75 clearing the way for a break down [...]
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Continue ReadingWith the markets tanking early this morning it was everyone’s mindset to be short-biased for the day. The problem with big gap downs in the overall market is that a lot of the penny stocks that I’m looking to short gap down tremendously when the market opens. I have a problem with shorting penny stocks [...]
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