Knowing the patterns to short is one thing but fndingstocks that display the patterns is another. I remember when I frst started trading I would hop from one message board to another looking for stock picks. Sure it's very helpful and I recommend you start at PennyStocker and TimothySykes but I kept wondering if maybe there are more picks out there that some don't pick up on or weren't aware of. That's when I took it upon myself to do my OWN scanning so I would put the worry away that maybe I missed a stock that wasn't mentioned on my favorite message boards.
There are tons of free scanners out there that are very helpful in fnding highest % gainers (which is what you want to look for when shorting). One of the best ones is the ClearStation Scanner.If you want more options and customization with your scans I use and recommend StockFetcher. This is how I fnd the majority of my stocks that I will potentially short. With StockFetcher you can set your own parameters for your scan that tells the scanner exactly what to look for. I'm going to make it easy for you and give you my scan that I use to fnd stocks that ft the PUMP pattern that I short:
show stocks where close gained more than 50 percent over the last 3 days and price is between 1 and 15 and volume is greater than 100,000And of course you can adjust the #'s to anything that you would like. I usually change the numbers of days and price to diferent #'s whenever when I do a scan.
I am not in anyway afliated with StockFetcher, I just love the customization of parameters that you can integrate into your scan. To me, it's the best $8.99 a month you can spend. I can't tell you how much time it saves me when it comes to fnding stocks to short. On top of that, I know the scan is going to pick up every stock that I want, therefore I never am missing opportunities that I didn't already know about!
Just to make sure you're equipped with every stock that's ripe for shorting I highly recommend you visit:PennyStocker.com – Updated every few hours with the latest and greatest of stocks to potentially short.
Timothysykes.com – This guy is absolutely incredible when it comes to short selling penny stocks. He has turned $12,000 into $45,000 (with each trade documented and certifed) in a little over a year short selling penny stocks. He has DVD's that defne his strategies and his exact thinking when it comes to short selling penny stocks. They're a must have for any pennystocker!
Darksidetrading.blogspot.com – Muddy is the man on the short side of penny stocks. His blog holds valuable information that can help and inspire anyone who short sells penny stocks. You can catch him making real intraday trades on his Chatroom at InvestorsUnderground.