Just wanted to say that IDXG is looking spicy tonight.
Here are some bullish indicators that brought it to my UTMOST attention:
- Great price (2-4 dollar stocks are the best)
- Previous Super Nova x2 (This thing moves BIG when momentum hits)
- Insanely Low Float (Under 2M)
- Really high percentage of shares short (about 65%) meaning this thing could squeeze big
- Moving After Hours. There was some weak news yesterday, perhaps this is a delayed momentum swing based off that news. Perhaps its a technical break. Who knows.
- Gapped down a few months ago. I noticed gap down spaces are usually filled. Tomorrow's price action could potentially fill that gap, causing the squeeze.
- Fairly strong hype
Here are some negative things to watch out for:
- The news WAS kind of shitty, but out in penny stock land, that doesn't matter. Its the crowd's reaction that does.
- "Crow" chart pattern (Penny Stocking DVD). Sellers previously holding the stock could potentially stop the stock from spiking to much. Tim uses a good analogy with sellers unloading shares during spikes. He talks about a midget playing basketball, and the tall player slaps the ball out of the midgets hand when the midget tries to shoot. Although, momentum could completely overrule those sellers.
Thats about it folks. Definitely something to keep those eyes on. I could be completely wrong and it could fizzle out tomorrow. Cheers.
Posted Mar 22, 17 1:18 AMbybigman
Tickers
IDXG
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