Energy sector has been hot lately with the tension in the middle east and stocks have done very well.
Today I bought ADXS on the breakout but it didn't really do anything so when it turned, I cut my losses quick. It was a small speculative position so nothing huge.
GENE I also bought the breakout but turned out it was a fakeout. I didn't cut my losses quick until it broke my dollar risk threshold which is something I should have never done. Hold and hope is NOT a strategy.
UNEQ I bought near the close. This is a FGD OTC with huge volume closing strong. Sell into morning spike with a goal of 10-20% as it jumps around fast.
Here is what I am watching for tomorrow.
CEI - Did a quick video explaining why I am watching this tomorrow. It is a current runner, LTC is setting up very nicely and on par with what Mark Crook was saying about the current runners and low volume selloff. I am looking for a continuation of the move today with volume and ideally a PR would be nice.
REFG is a current runner on its 5th green day and somewhat overextended. It should have a nice morning panic in the next day or two.
OWCP is a current runner with its FGD so watching for the #5 bounce play.
IPCIF is also a current runner on its 2nd red day. Ideally a better panic tomorrow but watching for volume and FGD to buy into.
DMAN - OTC 3rd green day with fading volume. Also overextended and ready for a nice panic in the next day or two.
BIOC, FGD with volume, nice cup and handle forming and up after hours. Ideally a morning dip buy but could also spike so just watching price action here.
GENE is a FGD that got me mid day. It is a failed one day spiker so no dip buy for me. Needs to break out and prove itself first.
@gjbailey36 It's basicly a multi day runner
@Buldozr Correct
@gjbailey36 Thanks for your assistance. I'm a new penny stock trader and I'm currently working on my terminology while at the same time, I'm learning how to be profitable. I'll continue to blog until I get my trading pattern in order. Once again, thanks.
@gjbailey36Follow me
Join now or log in to leave a comment