Investor Help (NO Ihub questions)

[cintrix]

Well, I am predominately a bounce player. So my main type of trading involves bounce plays. I use three screens that help me scan what is down. I customize my scans depending on the exchange and the price. If they trade on the nyse, amex, or nasdaq and they are lower priced I want at least a 15% drop before I am interested. I have a scan for penny droppers and I don't touch them unless they drop a huge amount - like over 30%.

Then I have criteria on what I will buy and what I won't buy. News and filings are what I check to see why the stock is down.
-If it is an offering, I won't buy it unless it drops a decent amount under the offering - if they don't tell the price of the offering I don't touch it.
-If it is earnings that brought it down I check how bad/good they were and try to determine if the drop is warranted. If I beleive it is an overreaction I will buy. But a lot of the times I prefer to jump into an earnings drop a few days after they report.
-If it is some type of sec investigation like questioning of former filings I stay clear of those.
-Sometimes a stock will drop for no reason. It could be a gravity play where it has just been going up for a number of days and then it just gives back some.
-Today was a day where certain stocks (tech especially) all just plummeted. Overall market was just not good.
-Material events listed in filings is another way of looking for a reason for drops.

I could go on and on. That is what I do in a nutshell.