Another great high volume panic short found today- does this chart look familiar?
(Sep 17-09:36) johnnyvento: VSE splat
Very similar to the high volume selloff of BQI that I caught last Wednesday. Hump day must be Panic Selloff day... anyway these are the kinds of plays I've been good at catching lately, this one was epic, down 73% on the day but if you subtract out the gap down it still dropped $2.2- an amazing 61%. I promised to find these kinds of plays that no one else seems to notice, CABeachBum also noticed it 8 min later either off my call or on his own, he's got good eyes that one, got the shout out from Muddy on the blog- better than me, I have yet to receive a shout out from Muddy. Maybe in time it will come. Until then I will keep trying to find good plays.
Looks like lots of people making good trades lately, congrats.
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4 comments:
That one was really nice!
Do you just see them on the lod list or are you scanning midday? I've found with all the falling stocks these days my eyes can't keep up with all the 52 lows I see, and to be honest, by the time I catch them they've turned into temporary long positions, which might turn out to be a useful curse, actually.
This is awesome JV (certainly better than Timalerts). Try to post potential shorts the night before, so others can keep an eye on them too!
yes I can do that but many of them are posted on Muddy's blog. Stocks like BQI VSE kind only come up in the morning when I see huge volume
matty84,
trade ideas works best in the morning.. the hod/lod list is useless. Best to work off of strong volume. Later on in the day the hod/lod list is especially useful for catching runners. But trading at the open, trading 1 hr after the open, and trading later in the day I apply different rules/strategies... maybe I should make a post on that
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