Replies to post #3508 on Mary's Penny Picks

[price_and_volume]

"What scans do you use?"

Q, I use pretty basic scans in Stockcharts & Tradestation. As mentioned so many times, I look for a move on 'new' volume, and I keep it really simple.

Something like:

stocks trading below 1, or 10c, on good volume generally, closes higher today, on a certain jump in volume, plus 1 or 2 other things I personally like.

Then they all go into a chartlist that I can quickly scroll thru, where maybe a few will make the 'visually appealing to ME' cut.

Pretty simple, end up w/ a small handful (typically 2-5) that interest me.

Generally the 'story' does NOT interest me, and MORE INTEREST does NOT equal 'better', cuz that brings out msg board bashers who are almost ALWAYS right, because remember: sub-penny stocks are almost ALL invariably garbage promotional scams w/ shady operators.

So, if something interests me I buy into it, and if it moves my way, I then begin scaling out of it, to monetize the trade. What's the point of getting into a mover and then being a bag-holder when it turns. They ALL DO.

I believe nothing good about any of these. And neither should anyone else.

But whatever, this is just MY style, and everyone else has theirs.