Monday, March 12, 2007

LJPC

This was one of the best classic examples of a sq/vol/br I've seen .
If you look at it on a 6 month chart prior to its b/o 3/8 it shows practically no price movement,trading in a pretty tight channel,especially the last 3 months.
Add to the fact that it was a very light volume stock,many days not trading even 50k shares.

Thurs it b/o on 3.3 mil shares!
Friday it was up at it's hod 66%,trading 5.6 mil shares!

Those looking for a nice 1 day profit Friday this was an easy catch off the hod list as it traded only pennies above its previous close until it zoomed right before noon,then pulled back, then traded sideways until around 2 p.m where it rocketed to 6.85 after opening at 4.18.

Also of note was a stock we've been following awhile WITM.
This was a pullback into the MZ after its most recent sq/vol/br 2/20.
Closed 24% up after going green at the open and rising steadily all day,closing only 2% shy of its hod.

DAY RANGERS FOR WEEK OF 3/12

EVCC YTBL NWACQ WITM ICGN NEW DSTI UPBS FMDA CPNE SUF OPBL CYTR LTS CTDC NEXM CHCG MEMY ZANE FORG NNPP BVSN URRE MAMA IVAN ONSM DRL FMT PRM FICC JDO CBRX URZ HEPH NEOL GNVC MGRM DESC AVNR IMH