This is what I said Wednesday:
"Not many LCCI short type come along.
This was at LOWER BOLLINGER BAND on 8/28 when it rocketed 170% the next day to .59
Now it's at .224,shortable on IB last 2 days.
I will have a post over weekend about the role of LBB on these kind plus what the LBB means in relation to the big premarket runners.
If I could only short 1 type of stock ,,,this by far is the best imo...it blows away said "supernova's"
Day in and dayout."
Well Friday this thing was unreal...cruising along green at .23 at 10a.m, in 20 minutes it is crushed to .05, closing at .12.
I will try to get a post up tonight about the LBB and shorting.
Watches for Monday:
TGIC DSL PCYC CRXX GGC PENC WWEI CTBG COIN WMAR HAYZ CHFI SPNC SIRF BBX LBMH DARA TUTR ENLV ESPH ADPAS
I shorted the former 0 vol stock BEEI Friday.
Also in short NBS, PTN still.
RAMR was unreal green to red Friday,did get some of the move,covered eod,will watch for same action Monday.
Still nice gradual short UDRL.
Still waiting on PCYC to crack...pretty sure when it does it'll be nice.
ESPH nice chart so far.
ADPAS interesting if you like the real low ones, volume has violent swings.
10 mil shares available on ib, crazy.
A list of this weeks dayrangers and Volume increase stocks are posted over on the Green on the Screen blog....clickable link on the right side here
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7 comments:
Great work. I'm thinking of switching over to IB.
1. What is the process for shorting a penny stock on there from start to finish?
2. Do you have to reserve shares ahead of time like on TOS, or can you enter a new sell short order intraday and get a fill pretty much instantaneously?
3. What are the execution speeds like on IB for shorting penny stocks?
Thanks! Was unable to find any info on this on the web.
Hello,
Briefly, what is a dayranger ?
thanks
ENLV is a buyout at $0.80 per share ... reason for recent fall/rebound was buying company lowered offer. Offer is still above current price.
http://biz.yahoo.com/ap/080905/dg_fastchannel_enliven_marketing.html?.v=1
Anon: On IB shorting
1. Start to finish. Sell short, quick execution if they have shares to borrow.
2. To reserve, enter limit order with price much higher than the current bid.
3. Good execution except for more illiquid otcbbs and pinks. Still, I am sure IB executes as quick as any broker on these.
@anonymous #2,
Check out greenonthescreen.blogspot.com and all the "important posts" on the right sidebar, they give a detailed look at a lot of stuff Muddy looks at, including dayrangers, what they are, how to find them, etc.
Thanks Laura!
Thanks Matty84 !!
Anon#2
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