Any old PoS stock can fall 10, 20, 40% a day.
Big whup.
A better way to hunt day trades is to find...
A: stocks with a price enough not to be complete trash, >$3.00
B: highest gains in the last three months because esomebody wants them, >80%
C: highest drop on THU, > -10%
D: enough daily liquidity so that the BA spreads aren't a disproportionate ammount of the trade (a ten cent Ask premium over Bid on a fifty cent stock is 20% off the top right outta the gate. Don't even get me started on penny stocks with a four cent Ask and two cent Bid!), >1million 10 day volume
The stock screen produced:
FIG
RF
CBG
HST
MI
PCX
CENX
AEO
ALD
CIEN
SKS
MF
APWR
SWHC
They ain't all jewels.
No wonder they got hit THU.
They ain't standing back up for a while & I figure the market has at least until next WED to go up.
(OpEx next week!)
Pfft.
Of the two, I think BZH is more likely to bounce up the next few days than SWHC.
Sift accordingly
