Interesting strategy but I think your main problem will be to actully sell the stocks - meaning that the % gain the stock has not always gonna be easy taking back out again in real cash. This is the main problem with the low float stocks and alot of Tims strategy is always based of having a liquid stock so you can enter and exit as you want. That being said - if you manage to find a low floact "not as crappy" penny stock that you buy with a low float that picks up momentum that will be a whole o

good luck. I have a strategy based on "low volume" and zero or very little spread on Open and close... This indicates a trend change from my observation. Also indicates big institutional entry, which drives stocks to spike. Get in hold for a fast 5-10 percent gain and exit.

12/30/2015: An inverted hammer candlestick has formed (Watch for confirmation candle tomorrow for a reversal of current long term downtrend. Confirmation of long term downtrend break would currently be $2.87 to make a new high off of recent new low.)

12/30/2015: Accum/Distrib is unchanged, RSI has decreased over the last two days, and MACD has recently crossed the "0" line. The decrease in RSI but Accum/Distrib showing no change is indicating that there is no strength behind the "bear" movement the past two days. There is a higher probability that the uptrend will continue. Price has bounced off of the Support Level @ $0.58. (Watch to see an upward movement tomorrow)

12/30/2015: Close was right above the median of the bollinger band, Accum/Distrib has lost a little gain and RSI has taken a minor hit but MACD has seperated a little further. Watch to see if price action can move above 61.8%-$0.488 retracement level (also 100 SMA) both seem to be showing resistance over the past two days.