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philg Free
06/17/05 4:24 PM

1 to 5%+ Overnight Sensations RSS Feed

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Moderator philg
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This board is primarily a OTCBB and Pinksheets trading system by which a trader buys a well pumped stock where good news is anticipated anytime. You then sell, at the latest, on the next day around the open (when typically a better price is offered.) When profiting from this, one shouldn't expect more than 1 to 5% profit a trade, and getting 5%+ towards the close and/or around the open of the next trading day, probably won't be easy. Suggested Trading Techniques: 1) After the close of the market, immediately put in a market sell order of your holdings just incase overnight bad news comes out, or you sleep in and miss the open. Of course you can cancel that market sell order before the open if no bad news, etc. If good news is released pre-market then hopefully you can get more for the stock than the 1 to 5%. 2) Look for well pumped, higher volume stocks (with lots of trades) where good news is anticipated anytime. Also stocks that are rebounding from big drops could work, among others. 3) Of course stocks that also have good charts, lower floats, tight spreads, etc. are preferred. 3) Buy at the intraday low. You decide when. If it's a stock where good news is anticipated anytime, then chances are good PPS could be going up after 3:15 EST (or earlier). But obviously not necessarily. 4) After you've bought the stock, if the stock jumps that day before closing, even that 1-5% before the close, you have to decide whether to sell or not. Chances are good it could go down before the close. 5) DO NOT CHASE A STOCK IMO. If the spread isn't real tight, then it's probably a bad sign if you're buying at the ask (though not necessarily.) 6) DO YOU OWN DD. We're all responsible for our own decisions. Thank you. 7) Please do not post a stock just because you're in it. This is a very specific kind of board. 8) If posting a stock, please include as much information about it as possible, including links. Thank you
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