There are a great many microcraps surging—some look to be potential shorts, while others, you just gotta sit back and watch them play out:
As I’ve repeatedly posted, I’m short (EDEN) cuz it’s the perfect mix: failing company, quick spike followed by gradual fade and most importantly, the spike was caused by erroneous reporting. Forget about guessing games, TheStreet.com handed this to us on a silver platter!
TIGR’s still great to short, but good luck finding shares!
PDO and MXC Two little oil plays that are spiking, be very careful, remember, they’re not pure pumps as they are tied to that strongly performing commodity (that ain’t easy to short…remember the KOG…which itself is breaking above recent highs aka not a short!)
ENT is another small energy outfit trying to spike here, although its spike is rather gradual as it’s seemingly going for a cup and handle breakout…not a short!
Speaking of not shorts, FEED, WSCI and UFPT can never seem to go down—when stocks go up 4, 5, 6, 7 days in a row, they’re obviously not one time pump and dumps and they can go a lot further than you’d ever expect—take a look at this GENC chart below to see what I mean!
If you really insist on shorting higher priced stocks, at least go with one that’s in a nice death spiral like COIN. The agri sector is booming and along with fellow probable fraudster SEED, all it can do is watch…people already know to expect little from SEED, but COIN’s chart looks to be a multi-month breakdown…
Tags: Breakdowns, Breakouts, Patterns To Avoid, Patterns To Short, Potential Plays
