Here are the stocks from my focus list with the lowest float:
Showing posts with label float. Show all posts
Showing posts with label float. Show all posts
Thursday, September 27, 2007
The Focus List Sorted by Float
Stocks with a low float (number of shares outstanding) have propensity to make explosive post breakout gains. For this reason, I like to sort my focus list by float and study these stocks very closely.
Here are the stocks from my focus list with the lowest float:
Here are the stocks from my focus list with the lowest float:
Monday, June 18, 2007
Short Float Breakout Watchlist w/ Video Webcast
In today's video, I go over the Short Float Breakout Watchlist. Elements that make up the setup include:
A. Short Interest High
B. Float Low
C. Breakout
D. Over Resistance
On the Watchlist for Monday: CHFC, NILE, BAMM, ULTI, ZOLT and LIFC
http://one.revver.com/watch/304473/flv/affiliate/93676
A. Short Interest High
B. Float Low
C. Breakout
D. Over Resistance
On the Watchlist for Monday: CHFC, NILE, BAMM, ULTI, ZOLT and LIFC
http://one.revver.com/watch/304473/flv/affiliate/93676
Thursday, June 07, 2007
ILMN Revisited and a Video Question
Two nights ago, I mentioned ILMN as a "short float" breakout candidate. The stock had broke out over resistance and had a low float coupled with high short interest. These conditions lead me to believe we could be setting up for a parabolic move higher. Take a look at how it's stock has performed over the past two days.
The stock is consolidating it's breakout, but has not fallen with the market. Considering the carnage over the past two days, that's quite admirably. I wouldn't be surprised if it makes a big move in the coming week.
I have a "mental buy stop" placed just above the 200 day moving average.
Video Question:
I would like to start posting video of my daily chart and watchlist reviews, but I don't know where to begin. Is it as simple as pointing a webcam towards the computer screen, or is there some type of software I should use? Any help would be appreciated. Please leave a comment or email me at SinghJD1@aol.com with any suggestions. Thanks.
The stock is consolidating it's breakout, but has not fallen with the market. Considering the carnage over the past two days, that's quite admirably. I wouldn't be surprised if it makes a big move in the coming week.I have a "mental buy stop" placed just above the 200 day moving average.
Video Question:
I would like to start posting video of my daily chart and watchlist reviews, but I don't know where to begin. Is it as simple as pointing a webcam towards the computer screen, or is there some type of software I should use? Any help would be appreciated. Please leave a comment or email me at SinghJD1@aol.com with any suggestions. Thanks.
Wednesday, June 06, 2007
"Short Float" Breakout Setup: ILMN
ILMN made a 4 % gain today over established resistance. However, that's not what put it on my watchlist. Stocks in a downtrend do not usually make the cut. What makes this stock special is that it is a low float stock with a high short interest ratio.
The stock's float is a little over 5 million. To put this in perspective, AMZN and HTZ both have over 30 million floats. What this tells you is, if there is strong buying interest, it will be easy for ILMN to make a parabolic move.
The short interest ratio is 12.6 percent. That puts it's short interest in top 10 percent of today's top 40 breakout stocks. Not bad. If there is buying interest and price starts to move up, there is a good probability that we will see some short covering. This could make what would have been a small gain after the breakout into a parabolic move.
Ideally, I like to use this setup for stocks that are not in a downtrend. For example, take a look at IOC. This one was a perfect setup, but now is a little too far from it's breakout point. However, it works for stocks that are reversing from downtrends as well, you just must play it more cautiously.
To sum it up, here is what I like about ILMN:
A. Short Interest High
B. Float Low
C. Breakout
D. Over Resistance
Note that their are a few resistance points to cross, with the 200 day moving average at $35.81 and the gap down at 38-40. I will not enter unless the 200 day moving average is crossed, or we get a low volume pullback to the breakout point. In either case, I will use a tight stop upon entry. I tend to play it "tighter" when a stock is trying to break a downtrend.
The stock's float is a little over 5 million. To put this in perspective, AMZN and HTZ both have over 30 million floats. What this tells you is, if there is strong buying interest, it will be easy for ILMN to make a parabolic move.
The short interest ratio is 12.6 percent. That puts it's short interest in top 10 percent of today's top 40 breakout stocks. Not bad. If there is buying interest and price starts to move up, there is a good probability that we will see some short covering. This could make what would have been a small gain after the breakout into a parabolic move.
Ideally, I like to use this setup for stocks that are not in a downtrend. For example, take a look at IOC. This one was a perfect setup, but now is a little too far from it's breakout point. However, it works for stocks that are reversing from downtrends as well, you just must play it more cautiously.
To sum it up, here is what I like about ILMN:
A. Short Interest High
B. Float Low
C. Breakout
D. Over Resistance
Note that their are a few resistance points to cross, with the 200 day moving average at $35.81 and the gap down at 38-40. I will not enter unless the 200 day moving average is crossed, or we get a low volume pullback to the breakout point. In either case, I will use a tight stop upon entry. I tend to play it "tighter" when a stock is trying to break a downtrend.
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