the following was written by the founding moderator of this board,harbs
for me, the most profitable and consistent trades i make on a daily basis are the bounce trades...typically intra-day bounce plays..and the harder and longer they fall, the higher they bounce...
anything that is crashing down and belongs on watch belongs here...bb's, pinks, big board stocks - all of 'em...we run scans all day long - looking for those dropping at least 15-20%, or a stock that has been beaten down for days or weeks straight and finally turns up, a reversal of sorts..
ideally i'd like this to just be a thread where we can post a ticker during the day and not much more needs to be said...any bad news or anything causing the tank would be helpful, though...
this is not a long term thread, a break-out thread, an accumulation thread, a dd thread...let's nail the bottoms..
THIS IS FOR BOUNCES ONLY...(and reverse bounces - shorting)
the timid and faint of heart need not apply...
ps - i appreciate all of you that make your calls real time...as you can see, that is what i try and do ( sometimes i'll even post where my bid is, before i'm filled, or may never get filled )..bottom line is protect and build your own accounts, but if you have the time it's nice..( obviously, when you're flipping a naz 20 times in a day, it might not make a lot of sense to post all the trades )
and i appreciate the calls real-time because that helps people make money - it's not to say that anyone should buy or sell when i or you do, but heck, what good is it to tell us after the fact..how many times does a stock close up 1,000% and the supposed guru posts after hours -"oh, btw, i loaded the boat on xyz this am - made bank" hmmm, thanks..
ok, one other trade..when a stock shoots up like crazy, i like to call them "naz-crackers" lol..well we try and short those for the reverse bounce...day 1 of huge volume always scary to short into unless it's just an over done momo play...but days 2 and 3 are usually the best spot..
If you like bouncers check out our option board for quick gainers http://investorshub.advfn.com/boards/board.asp?board_id=12451