Trading Alert for 9/1/2011

We entering September with positive hopes and expectations. Last year bullish rally started on September 16th. History never repeats exactly, but some similarities in seasonal cycles are pretty common. Especially when it comes to trading. Two symbols again for tomorrow: $OPWV and $YRCW.


Volume confirmation, specifically for $OPWV was very convincing. Openwave Systems today filed complaints with the International Trade Commission against Apple and Research In Motion, alleging infringement of five patents it claims are “foundational to the mobile Internet”. This is a case when legal news are good news.

Backtested Symbol: $OPWV

Strategy: Pennystocks100 (5 min chart)

Period: Aug 31, 2010 - Aug 31, 2011

# Win: 1

# Loss: 0

Winners: 100%

Profit-Loss%: +1.45%

As for $YRCW, it has been one of our favorite speculative plays. Stock is so down and oversold, that the bounce is just expected from pure technical standpoint. Strong green volume today tells me that $YRCW bulls are ready for another attack on bears. I am joining the party tomorrow morning.





Backtested Symbol: $YRCW
Strategy: Pennystocks100 (5 min chart)
Period: Aug 31, 2010 - Aug 31, 2011
# Win: 4
# Loss: 2
Winners: 67%
Profit-Loss%: +12.08%