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I use the following critiria to select a stock that will likely run in 3 weeks: 1. The O/S is under 300mm shares; 2. The pps has recently been pulled down at least 50% by the MMs to collect cheap shares; 3. The stock has a history of runs and jumped at least 50% during the runs; If you find such a stock and the pps stays at bottom for a week or longer, get it at bottom and set a targer of 35%, I am 80% confident you will get hit and win the game in 3 weeks.
PMED has met all the requirents, try it. Don't hold the stock, just trade it.
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GoodTrade wrote: Volume surge on PMEDW today and strong close. Watch this one in the morning, should see a nice gap and should pass the 10 cents mark without any resistance. Level 2 shows 0,15 coming ! Don't miss out
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PMEDW another group play but I banked well on that over the last two days, yesterday (monday) was the day to buy in that, I did, today I sold as everyone was happily buying in... it was good for the cash tho!
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It sounds some body or group is collecting cheap shares - after that they will raise the pps. It happens to GLIF and CLBE in the past. Just keep this in mind: they worked so hard to pulled it down to get cheap shares, they will work as hard to raise the pps for a huge profit. Just watch it.
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Thanks, Will, now I must take your volume report seriously after the explosion of GMTH. They are pulling PMED down for a hard rebounce. Only the boldest dare to get in now. Most are bailing out. Comparing the charts of PMED and GMTH, you will find the similarity. The MMs are cooking on PMED. My qualification to make the above statement: I have correctly predicted the bouncings of 5 major gainers in the past 3 weeks: BANY: up 148% SYCI: up 420%; USXP: up 50%; GLIF: up 92%; GMTH: up 59%; All based on the MMs' accumulation and level 2 data. Now with Will's vomlume report, I am more confident that PMED's turn is at the corner. My predictions are 80% correct, so do your DD -- each trade is a gamble.
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I'm laughing, because I was thinking the same thing. The unusual high volume signal while the price is depressed and going down means little on its own. A lot of stocks fit that description every day. You are doing something I can't do, and I am doing something you aren't doing, (you probably could do it easily enough). Hitting only two stocks doesn't prove it is valid, but I'm willing to gamble on PMED at the current price. It might take a day or two to rebond, but I like the probability.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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