Like Shooting Fish in a Barrel

Q,

Used Schwab’s scanner to find and export 848 stocks priced between 6 bits and $3 bucks w/ avg vol >50k. [That took a couple of minutes.] Pulled 4 months of EOD data for them from Yahoo. [Maybe 3 minutes more.] Then ran 'em through my scanner which picked out 74 possible ‘buy’ signals. [11 seconds.] Then hand charted them at BC. [Another 5 minutes.] Result? 48 --or just 5.6% of the original list-- worth a more careful look, but probably only six or so that are confirmed enough to make a bet on. The rest would need another day of watching, and some are downright questionable, like CIDM. But I like HYZN, MESO, KPLY, NRDY, OPAD, PBLA, QSI, SIEN, SNAX, SPIR, TRUE.

This run-through suggests that sifting through a couple thousand stocks on a nightly basis is doable. Even better, it suggests that “trading the pennies” on a purely technical basis --many of which are biotechs-- is doable. Here’s the list. Do your Due Diligence.

A

APTO
AQST
ATIP
AUD
AUR
BARK
BBLN
BGRY
BLND
CIDM
CORZ
DAVE
DMS
EAR
GOEV
HCDI
HYZN
IKT
INVO
KPLT
LITB
LTRPA
MESO
NLS
NRDY
OBSV
OPAD
OTRK
PBLA
QRTEA
QSI
REKR
SIEN
SNAX
SPIR
TKC
TRVG
TRUE
VLDR
VRME
WULF
XOS

2 Likes

Awesome went through the whole list and could have played every one of them if had the chance.

But, will select just 5 to trade.

Just how are you betting on these Lower Lows and Lower Highs?