First up is NTI, which I shorted successfully again and again, several points ago…proving that while there’s money to be made on the short side, there’s even more to be made on the long side. More importantly, if you do short, you gotta recognize the difference between consolidation and gradual fading…NTI kept making higher lows and when you’ve got a stock this illiquid filled with determined/naive long-term shorts, it’s practically a short squeeze made in heaven, which is what’s goin’ on today. Learrrrrrn
And every now and then, there’s fun charts like the one of similarly illiquid AQQ, which as you can see has spiked verrrry nicely on verrrrry little volume. The company, scared of the SEC coming down on them for manipulation, came out and said they didn’t know why. What’s the real reason behind the move? Who cares! Volume of 20,000, spreads of $2+…not good variables to even be worth your time…keep it on the watchlist for entertainment sake, focus instead on just-as-volatile-percent-wise-but-infinitely-more-liquid plays like PTEK
And, I’ve saved the best for the last, these two videos of a corporate drone going wild have been passed around by drones everywhere the past few days…TIMtv’s got them HERE and HERE…the lesson they teach: working cubicles sucks, thank God that if you get good enough at PennyStocking, this will never be you!