"are they always the same stocks or do they rotate through different baskets of stocks? Seems that indentifying said stocks could provide profitable trading opportunities."
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renshen....
Some stocks are almost always involved - INTC, CSCO, MSFT, AMAT and recently KLAC. Others are sometimes used but not with the same volume, like IBM, while others get used when DJ type stocks are targeted, like GM.
I have been using the PPT's tendencies to help trading for some time now, as you suggest, and recently have found watching the PPT has been far more useful than watching my charts or fundamentals. I frequently see jam jobs coming by always watching the $USD and gold since they frequently ramp the dollar and tamp gold when they are ready to put on a big jam session. As a general rule, I rarely short PPT type stocks, but do trade them on the long side. Where I have most frequently erred in my own personal trading is that I have often underestimated their ability and willingness to continue ramping the markets once they have broken the back of a selloff.
Good luck to you.
mlsoft