Replies to post #800 on Penny Stock Soldiers (OTC tradeable tickers)/Momen

[ThePennyDoctor]

When gauging weakness, be overly cautious/conservative. Only keep loading on the best runs - focus on the executed trades list on ihub Level 2 and make sure the pattern is straight up and fast/a lot of volume. As soon as a run slows volume wise, the bid/ask spread gets large, and the executed PPS goes backwards two levels, I bail.

Don't worry about missing runs - worry about not having large losses. Eventually, you will catch a nice run (hopefully once a week) and those are very profitable. Be patient, and wait for low-risk high-reward trades; they always come in time, and when they do, you want as much capital available as possible.

Be careful with PMCM if the gap up is really high. If the gap fills and it bounces at Friday's close, hold out to make sure the bounce has legs. Often, a gap and dip can't reach the opening gap, which is a sure sign of a pending crash.

[~ NT ~]

I was watching PMCM on Friday. Seeing how high it went, I just wanted to do a MOMO flip, but then I didn't coz the orders going through were quite small. Then I came back after an hour and it was even higher. Lol.

I am happy for the newbies board coz it was their pick. PMCM.

I got it on watch. I don't know anything about the ticker - why it is running - to gauge how much head room it has. I just have it on bounce strategy. Since it has some buying $$$$ behind it, there should be a bounce depending on the retrace. IF the ticker goes higher, then it's better coz then it will drop harder and a better bounce. PMCM.

As for other tickers on watch,

ONVO - Still got some head room IMO.

SCRC - Never played - But may be a bounce play after some more panic selling.

ACAD - Swing trade. In a tight range. Can squeeze about 0.50 on each trade. Big board so stops work just fine.

FNMA / FMCC - As usual - Got a position on Friday after a few days wait from selling the FMCC top in the 1.60s.

For later, after a pull back, I might initiate a long position in ONVO. I feel safe coz its on the big board now so easy fills on a tight stop. Don't need to watch it all the time as with my other plays. Lol. The 3d print plays do remarkable well I have seen.