The 9 Best Penny Stocks During The Last Flu Epidemic In 2005-2006 (Click The Post To View Charts)
Does history repeat itself?
AVII
BCRX
NNVC
NVAX
GNBT
HEB
SVA
SUWN
PURE
$596 Profit In 30 Minutes Shorting Penny Stock SCON
Take 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 on this penny stock. Look at this chart and tell me this is not a screaming short. Penny stocks just can’t keep going up and up and this one was no different. It went up tooo much tooo fast so the game plan for the morning, yes game plan (you should all have one as I pointed out in THIS post) was to watch for any weakness and short the weakness. At the market open we got a slight gap-up in this penny stock but the postive run up only lasted 5 minutes..after that it was weakness as sellers came into the stock at full speed. About 9:50am SCON went negative on the day – this was the weakness I was looking for. Now, I didn’t get a good entry price as it was dropping so quick and the bid/ask was going crazy but I wound up getting my 1290 shares short @ 2.71. From there it was a classic death spiral of a hyped penny stock on green-to-red price action. Think about it: If I was a stock promoter/pumper and I had a huge long positon in a stock that has gone up 2 consecutive days over 150% and on the 3rd day it opens up and things are looking great then all the sudden it goes negative/red on the day (something it hasn’t done in days) panic sets in and everyone sells which is why green-to-red works so well when shorting penny stocks. I explain this pattern further and how to short these penny stocks in my FREE eBook that if you haven’t already gotten, you should!
How I Made $661 Buying A Perfect Penny Stock Breakout
It 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 opened up at 2.30 or higher and displayed early morning buying pressure and increased bids then it would definitely be a buy. That’s exactly what happened as the bids kept increasing in the early morning aswell as the spread. The spread was actually pretty scary at times as there was a 10 cent spread at one point. So I went with my plan and bought 1400 shares (close to 50% of my capital) at 2.43 when the spread gap lowered. It actually went down to around 1.36 a little later in the morning so I coulda woulda got a better price…but I can’t control everything. Some afternoon buying kicked in at catapulted this thing to trade in a range of 2.50-2.55 all afternoon til the last 30 minutes of the trading day some volume came in and surged this stock up to close at 2.65! So now I was up a pretty good bit, but I knew with all this buying pressure coming in the last minutes of the trading day that there was sure to be a gap up come Monday morning because here’s a lesson: normally when a penny stock experiences late buying pressure it usually carries onto the next trading day.
My plan now was to sell first thing in the morning if there was a gap-up. See how I make trading plans? They’re essential to trading penny stocks! Don’t trade without one! And wouldn’t you know it, first this morning the stock gaps up 10% and I stuck to my plan and sold all my shares at 2.90. If you noticed MDVX actually closed at 3.13 so I left some more money on the table, but I wasn’t greedy, traded my plan, and made a nice profit so I couldn’t be happier! Make sure you check out my hot penny stocks to watch list tommorrow morning. Thanks guys!
Here’s the chart:
How I Bought Penny Stock STSI For An Easy Profit
What 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 or break out…fortunately it broke above the 4.75 resistance on a surge in volume (which is KEY in any type of breakout be it intraday or daily). From that point I knew it was a no-brainer, easy trade. I got filled for 729 shares @ 4.81 and my plan was to sell when I got a .20 profit, and shortly there after it reached 4.99. I sold half of my shares at 4.99 because in the back of my head we could breakout AGAIN and stair step higher. That was not the case though as it faded down a little more and I decided to unload the rest of my shares at 4.89 making a respectable $92 dollar profit in the morning. When you get the types of breakouts over a clear resistance with huge intial volume in the run followed by another volume surge when it breaks above the intial run’s high or resistance you’re odds are increased to around 70-80%. Here’s the annotated chart..
