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I wrote a computer program that scans all stocks everyday to look for patterns that I like. Once I narrow the list down I use yahoo and other sites to gather news about the company. pretty simple and it save a lot of time.
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One of the things is that several "traders" use the 52 week low (or bottom)to get in a stock..so it will "trigger" alerts to traders to buy...which increases the volume and the "supply and demand", as a result the PPS will begin to rise...this is just one way to "know" or hope, that the stock will bounce...lots of things factor into the "bounce theory"
GLTY!
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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