Quote from Port1385:
Come on. Dont you remember good ole DALRQ? When Delta went into bankruptcy, everyone's attitude was that it was basically over and time to to dump the Delta shares, but thats when the real fun began.
Large cap penny stocks that are either on the brink of bankruptcy or in bankruptcy make the best momentum trades. When Fannie and Freddie went into the pennies, many on elitetrader were holding their bellies stating that it was all over, but it wasnt. There were plenty of good day and swing trades to be made with these penny stocks.
There are still some good ones out there though trading in the pennies, but with good volume. Here is a list of ones that I am monitoring which are poised for a good breakout. This is a risky list and not for the faint of heart or elitetraders who hold their bellies saying its over. Dont worry mods, all these trade with 1 million+ volume per day. Im not saying that this list will double, but if it gets out over the breakout point then the possibility is there. I have the points set to alert me when they hit a certain threshold:
ALD
IO
PPO
RPT
ZQK
KFN
**SRZ- ALready jumped in on this one on Tuesday with a trailing stop, just keeps going up.
DRYS
TC
TCK
CBL
LVS
HGSI
CMZ
**BKD- ANother one of these senior living stocks I jumped in on. I saw Sunrise and couldnt help but get a chunk of Brookdale.
DFT
STX
BEE
ABD
**CNTF- Already got a good chunk on Monday and dumping as it reaches the line.
TRMA
LINTA
XRM
SIRF
Then there is the crew that you all were holding your bellies over and never got 1 share while it went up and up and up. I still feel these could double in little time. Ford, GM, Fannie/Freddie, AIG and C.
Then there are other long forgotten ET faves in which the experts pounded the desks wanting to buy when they were at their all time highs, but wont touch them at this low point which are FMD, VMW, RSH,JASO, etc.
Why play with options when you have stocks that act just like options with less risk?
