1. When a former supernova spikes on good news and it has 50 million shares short, even if the company doesn't have more good news, the potential of shorts covering is what drives the stock, so it is a definite buy.

2. The further out you get from the actual earnings spike, the less predictable the stock gets.

3. Sometimes you don't have to be there on day 1 of the news. Day 2-3-4  may appear much bigger.

4. If a stock spikes on no news (or it's a TV mention or it was promoted) and it starts fading, it will keep fading.

5. When a stock spikes, comes down a little bit and held its multi-year breakout and uptrended even more, because of the news catalyst - that is a dip buy. Real news/earnings catalyst is what differentiates dip buy from a fade.

6. Look for 20-30-40% gainers.

7.Don't short a stock when there's multi-day support right below where you want to short.

8. You can be aggressive on contract winners that are holding near their highs, have a lot of shorts and have a solid uptrend.

9. As a stock is holding near its highs in the afternoon on good news, you can buy into the close in attempt of morning spike.

10. A good stock has to move quick, if you want to play it. If it has an uptrend (e.g. $2) in a month, it's not fast enough. It has to be $2 in a day or couple days.

11. Volatile stocks - those that have unusually big volume for itself.

12. Resources in the name of the company usually points to commodity plays. They are usually too big companies to play and commodity plays are very tough to predict.