Sunday, September 14, 2008

Penny stock worth watching

I don't play these that often but WYCT is definitely in play now- if it opens tomorrow on even higher volume than the previous two days then it could be a runner. Sometimes the third day up can dwarf the previous two as more people find the stock and get interested. (For example of epic third day charts and the original scan see this post.)

WYCT is clearly being hyped, and therefore is very dangerous and should be approached with adequate caution. If the volume isn't there and a strong open then forget it. It will turn into an fantastic short at that point. And this should go without saying, but since I don't know who is reading this blog then I will state it clearly- Do not play this stock without a day trade, or the ability to watch it continuously. 


Watch Monday but play at your own risk.

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