Alright guys, I'm taking a break from day trading. It takes a lot of time, to be able to watch these penny stocks catching and shorting momentum stocks, and waking up early to reserve shares with TOS. Add in a full courseload, a part time job, two big extracurriculars, and you have my non-stop life. I enjoy it. I enjoy it a lot actually. But I'm always interesting in trying new things. I have my iPod, meaning I can check stocks, and use TOS's thinkpod software to trade anywhere I go on campus. I'm going to start playing stocks long term as a habit. Multi-day will be the normal hold, probably even weeks. I'll buyin on technicals and lows mostly. My favorite crowd, coincidentally, is at some nice lows. The penny financials are where I plan to start. DV commeneted on this in his latest post. I'd agree, ABK is a buyin. The chart is sinusoidal with nodes at 1 and 3. Tripling some money would be nice. Multiple times, even better. This is what I'm thinking I will do. Day trades will no longer be a concern. They will always be there just in case.
Now for my watches.
ABK- If I could name my first real stock, it would be ABK. I saw it go 1 to 10 and then back down. I know it can move. Just ask Ramtajogi.
DSL- Not as big of a ranger as ABK has been recently, but back when FRE/FNM collapsed, this had an amazing run. Nicely set at 1.58
BKUNA- Had a great day on this stock before. Nice at only .40 cents. Could really hit a homer with this one. Definitely a low, and my number one watch!
FRE- Nicely set below 1.00 for now. Has dipped to the .60's in the past twenty days, so the bottom might not be in sight yet, but I'll watch it.
FMD-Shortable. Nice at 1.50's and has touched the 1.20's in the past twenty days.
BIOS- Needs more downside, but it has the volume and volatility that fits my standards.
The rest I'll just list: RDN, PMI, RAMR,DTG
This is enough to watch, especially for me. If you want more ideas, just google the shorting ban on the 700+ companies. There will be plenty for you there. Check out the small mortgage lenders like TMA.
