Double Trouble | stockbee

2/21/2007

Double Trouble

The move on some stock is coming to an end. There were number of high flying stocks like TNH, MFW, ACY, VIP, CROX, etc. had reversals on high volume. More stocks will have similar moves in coming days as they run out of fresh buyers.
Now onwards whenever there are more than 10 breakouts in the 100 list. I will put up only select few stocks out of the list.So today there are 9 stocks out of total 33 in the scan.

Market Monitor

Total 4% plus bullish breakouts=155
Total 4% plus bearish breakouts= 45
65 day bullish/bearish ratio= 932/198
Stocks up 50% or more in a month=19
Stocks up 25% or more in a month= 156
Number of stocks with 100% plus move = 391
Number of stocks up 200% or more = 96
4% plus signals for 100plus universe=33
4% plus signals for 200plus universe=12

Stocks which had 100% move in last 260 days from the low and which are up more than 4% on higher volume. Today's minimum volume is above 100000. To understand how to trade this see my earlier post "How to find a stock which makes 1500% move in a year".

ATI,Allegheny Technologies (Google  Yahoo  Earnings  Chart
BSM,BSD Medical Corp (Google  Yahoo  Earnings  Chart
BSQR,bSquare Corp (Google  Yahoo  Earnings  Chart
CECE,Ceco Environmental Corp (Google  Yahoo  Earnings  Chart
CTEL,City Telecom Hk Ltd Ads (Google  Yahoo  Earnings  Chart
GTXI,Gtx (Google  Yahoo  Earnings  Chart
PNSN,Penson Worldwide Inc (Google  Yahoo  Earnings  Chart
PSPT,Peoplesupport Inc (Google  Yahoo  Earnings  Chart
RCCC,Rural Cellular Corp (Google  Yahoo  Earnings  Chart

4 comments:

mike said...

I am interested in pspt. Do I read your post correctly i.e. one should stay away from buying pspt as it has peaked and will now fall due to lack of new buyers?

appreciate your insights,
mike

Pradeep Bonde said...

Commenting on individual stocks is always risky because.
But from a methodology point I would have bought PSPT at 20 when it had 4% plus day. Why because it had 26 days weakness before that.

mike said...

Somewhat confused: On Feb 21 in your "Double Trouble" list of 9 stocks you have pspt. Does this list not tell one that these 9 stocks are long term buys?

Also, are you implying that these stocks can possibly make 1500% return based on your tracking software system?

thanks

Pradeep Bonde said...

http://stockbee.blogspot.com/2007/02/how-to-find-stock-which-makes-1500-move.html
read the original post and follow up posts on this to understand the concept.
The stock in Feb 21 posts are stock which had 100% plus move in 260 days and a 4% plus move on that particular day. That is just an episode in the life of the stock.
The software does not do any prediction that this stock will make 1500% move. The concept is a stock making 1500% move first makes a 100% move and one can identify such stocks and enter them at low risk point.
The idea is to reduce trading universe from 10000 stocks to few stocks which have had 100% plus move for given time period. The fact that they moved 100% in one year probably indicates that there is something happening in the company or industry driving this growth.