Has a real new bull market emerged? I don't know. Time will test it. As of now, we have something to trade, at least for tomorrow.
$AONE popped up nicely on news that General Motors Co. will start selling an all-electric Chevrolet small car for the U.S. market in 2013. Is it related to $AONE? Who knows, but technically good looking chart, + overall market positive mood, + GM news = all should work our well tomorrow and continue this bullish activity. It make break out the channel easily... We'll see. This one looks like the best set up from all other symbols I have in my screener for tomorrow.
Backtested Symbol: $AONE
Strategy: Pennystocks100 (5 min chart)
Period: Oct 12, 2010 - Oct 12, 2011
# Win: 0
# Loss: 1
Winners: 0%
Profit-Loss%: -1.64%
$OPK - Over the last six months, insiders were net buyers of 6,854,500 shares, which represents about 5.04% of the company's 136.01M share float.
Backtested Symbol: $OPK
Strategy: Pennystocks100 (5 min chart)
Period: Oct 12, 2010 - Oct 12, 2011
# Win: 0
# Loss: 1
Winners: 0%
Profit-Loss%: -1.19%
$GTIV - just a huge oversold play due for a decent bounce from these 'below the bottom' levels. Volume confirmation is what I am buying here.
Backtested Symbol: $GTIV
Strategy: Pennystocks100 (5 min chart)
Period: Oct 12, 2010 - Oct 12, 2011
# Win: 0
# Loss: 0
Winners: 0%
Profit-Loss%: +0%
$CX - the stock looks very cheap, and if the company doesn't collapse under the weight of its debt, the stock could see serious gains.
Backtested Symbol: $CX
Strategy: Pennystocks100 (5 min chart)
Period: Oct 12, 2010 - Oct 12, 2011
# Win: 0
# Loss: 0
Winners: 0%
Profit-Loss%: +0%
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