! Bouncers, Bottom Pinchers, and Knife-Catchers Anonymous !

[SynthTrader]

I use stockcharts.com for scanning. Getting the right settings for my custom scans has been tricky. I finally found somebody else with the right formula to find some nice pinchers and then tweaked the formula for my price range.

However, I'll admit that I also manually scan for possible 60-minute pinchers by looking at the OTC's biggest decliners during and after the trading day:

http://www.otcmarkets.com/marketactivity/rt_trade_stats.jsp

If you're looking there manually, go to the bottom right (decliners) and select your price level. I usually scan "all" but you must skip anything in the triple zeros (just ticking from .0002 to .0001 makes a 50% drop, so there's a lot of those to ignore) and skip anything that has fewer than about 30 trades in the day because they're too low volume to matter in terms of real pincher potential.

But some of the best picks I've played lately have come from other great traders who show up on this board and post what they find. Nothing works as well as spreading the word when a good play comes along. Then we can all profit together