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World Assurance Group, Inc. (Pink Sheets: WDAS) Operating Subsidiary: ANAV Holdings Corp. Latest News: World Assurance Group Subsidiary (WDAS.OTC) Anav Holdings Working Toward Relationships for Financing Subsidiary |
Good morning and welcome to Friday, the 5th and unofficial 6th day of the trading week for micro cap stocks.
Over the years of trading these hot stocks, the one thing I get out of Friday is to trade the first 3 hours of the day, then take an hour off and come back at 1:30 and treat the last 2 1/2 hours like a whole new day. In the afternoon, I expect new trends in the stocks that I saw in the morning. In saying that, it is very easy for traders to get caught in major traps because they cost average when the stock goes down a little. They do not understand how it is possible for a stock that is up 10-15 percent for the day to suddenly go red. Bottomline Fridays are really are two different trading days in one.
Now, on with today’s stocks:
NXTH- this ATM is at a spot where if you have not bought, it might be time to leave it for the bounce traders to watch.
TSHO- today will be an interesting day to see how it handles the profit taking.
ISCO- well, what do you have for us???
HCEI- nice run going on; interested to see how it reacts in the first 30 minutes this morning. Level 2 sure has a big tease of bigger things to come.
MSBT- thought it could close even stronger, but still satisfied with the close; this is a watcher.
IMGG- no matter how well it is trading, hard to forget how much they killed it too, so this has to be traded with caution because it has been on the 2 steps forward, one step back pattern. This stock definitely has to be traded like 2 days in one today.
BLGW- this stock will become a bounce traders dream; you can’t trade this many shares each day and move so small. The minute this stock shows red there will be panic because even the people who bought it 3 days ago only have a 5-7 cent profit margin.
GSPG- if volume is the indicator of a big move, this stock represents the thought very well.
Others- CHTL, JALSY- these stocks have had such huge swings that they are staying on the experienced daytraders screen because that it has room to go either way and the bounces on them are good.
Make it a good Friday…
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