Super Traders Forum

[SuperC]

Morning Wolverine, here's something I do 100% of the time, and even though I use a lot of variables when extracting information before I post, I never ever waver from this... which should answer your question at least in part:

After the open, if I see a stock that say has ran up to .0065, then 2 minutes later dropped back to .006, and when I ACTUALLY SPOT it I see .006 on the L2 with a high of .0065? I never look at that stock again for that particular day.

Now, there's a lot that goes into what I said before and after, but when I see a stock in real-time, and it's not the usual POS that gets played day in and day out, and it hasn't started a run, and it ABSOLUTEY hasn't had a pull back of any kind AFTER I spot it, I'm at my next step of DD.

So to answer your question and after NOW looking at the chart for CNCG for Monday... it had a peak of .0065 about 10am, then quickly dropped below .005 by 11am, leveling off at .0055 until the end of the day. Not a good sign to begin with along with the thought the 10dayavg volume is 3.3mil, and Monday it had approx. 1.9mil.

In those two areas CNCG does not appeal to me at this time. I see CNCG come up each day, so I monitor it like all others for significant change.

Thanks

SuperC