Replies to post #47765 on ! Bouncers, Bottom Pinchers, and Knife-Catchers An

[SynthTrader]

I actually do it myself with Stockcharts.com and http://www.otcmarkets.com/market-activity/current-otc-market

At that OTCMarkets website I go to the "Most Active" list and then click on the "Trades" box at the top of the list so that the list is sorted with tickers that have the most trades at the top. I click on "see more" at the bottom of the list to expand to see more stocks. I use this method first of all because I only want to watch the stocks that have enough trades to insure liquidity. I'm not interested in something that tanks 60% on 10 trades because I'll probably never be able to get out even if I buy some. Usually I only watch stocks that show up on the first couple of pages, since they have a few hundred or few thousand trades in a day and thus have liquidity.

OK, so while I'm looking at that list, I look for big movers in either direction...like more than 10% up or down and then pull up the charts for those stocks on stockcharts.com to see what kind of action they're getting. If they're moving up a lot over the last few days, then I'll start watching that charts, because what goes up must come down. If they're tanking, well then I'll watch those as well for a more immediate bounce. I just have a list of stocks that I'm watching and flip through the charts until I see something that looks like it is ready. If a stock calms down and isn't doing much (no volatility anymore) then I'll delete it from my list.

That's basically what I do. I haven't found a scan method that finds the OTC stocks that are rising or falling quickly within the parameters that I like, so I just keep that short list of about 20 movers at a time that I'm watching.

I should also mention that if something is rising very fast or falling really fast, I'm trying to train myself to do at least a little bit of DD before I pull the trigger. Though I play the charts more than the "hype" or the "story" on a stock, I've been hurt when I've tried playing bounces without looking at enough filings or news to find out that the stock has toxic financing, or is on the verge of being shut down, or whatever. It sucks to buy for a bounce then find out they're going belly-up the next day or get thrown to the grey market.