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Mid Week Micro - Base and Break - Watchlist

June 01, 2011 – Comments (0) | RELATED TICKERS: SSN , JRJC , SYMX

I have certain watch list that is comprised of legit Micro Cap companies that have experienced a parabolic run over the past 6-8 months.  I'm not so concerned with trying to time that run and get in front of it, because trying to predict those type runs are impossible.  Instead I run scans that pick up these stocks after they have made their move, and then  I add them to the watch list, keep an eye on them, and wait for a specific pattern to emerge.

That pattern, which I have been most successful in trading these Micro Caps is waiting for a   base and then buy the breakout of that base. 

In fact, when I recently did a trade analysis on all my trades over the past 5 years, this type of trade was by far my most profitable.

Here are a few that fit that pattern today:

Here's the SSN Trade Setup.

Here's the JRJC Trade Setup. 

Here's the CDY Trade Setup. 

Here's the GSB Trade Setup.

Here's the SYMX Trade Setup.