Now that COIN and COINW have tanked a remarkable 26% and 40%, respectively, in 2 days, making me sick to my stomach for taking my wimpy little 8% profit, it’s time to move on to new microcrap winners (COIN is donezo for me right now, I don’t try to guess big rebounds, once the bottom falls out, bounces are met by constant bitter naive sellers who bought higher…once COIN settles down though, it’s a prime candidate for a slow multi-day/week bleed back to the single digits, aka destiny, sorry pumpers, you did your jobs well, lemme know what stock you soulless bastards move onto next, gratzie!)
There are thousands of microcraps and smallcraps out there, so how do I narrow my watchlist down each day? I just look for the most volatile stocks—namely those big daily % gainers—out there, ideally, those up on fluff news. Here are four that caught my eye over the weekend
Orbitz Worldwide (OWW)—reported pathetic earnings last Thursday morning, helping the stock lose 20%, cracking a 6-week base at $6. Summary: Business stinks. Their marketing stinks. Expedia is crushing them. Friday saw a little rebound helped by a typical Friday afternoon short squeeze into the market close. This one isn’t as volatile as I normally like, but if I can get a short off into any further spike, a 50 cent, or 10% drop seems likely.
SMF Energy (FUEL)—now that’s the chart of a failing company! Last ditch effort at financing announced last week aside, given these guys’ track record, it’s only a matter of time before they get back to their usual failing and the stock reacts in kind. A few years back, I shorted them after a big spike, now I’ll look to again, but keep in mind it’s not up enough yet and the marketcap is only $13mil. Lots of resistance at $1.25.
Fox Petroleum (FXPE)—another tiny oil and gas play, up solely on sketchy research reports. Read the latest report HERE. The disclaimer is too funny:
“SISM Research is being paid $1,750 per month by the company over a two-year period solely to ensure independent coverage.”
Welcome to the joke that is microcrap research and the reason why I’ll probly get killed one day.
Searchlight Minerals (SRCH)—sketchy startup metals microcrapper now with a $373 million marketcap and only 6 employees! They just did some financing back in January and February under $2, you can bet those investors are doing something to get the price up. When in doubt, expect the worst—that way you’ll never be let down! Judging by past spikes, it’s always been good to short into them, but be verrrrrrry verrrrrry careful, only $1 downside now, c’mon you private placement pinheads, get your stock up more so you can sell!
Since none of these look exceptional…yet…I won’t even waste your time or mine with their charts. Bad pumpers, do your jobs better and I’ll reward you by showcasing your work in my chart gallery! 3,000 daily visitors, and growing, trust me, get your stock up enough and I’ll make sure you the world hears about you!
Posted in Potential Plays