You’ll need an account at Interactive Brokers, Wedbush or SureTrader to bang out short trades on most stocks under $10. This isn’t part of my core strategy so don’t worry if you don’t have accounts at any of those places… this list is simply for my guys and gals who do. Personally, I might fund my Interactive Brokers account to hit up some of these cupcake trades more often but probably not until the summer rolls around. If I see an excellent short opportunity, I’ll be sure to send an alert, even if I’m not jumping in the trade.
GWBU is the latest AwesomePennyStocks pump and dump and it’s yet to flush. I’m thinking a dump between $.80 and $.65 on the first flush but be careful, a move above $1.65 would signal a breakout squeezing shorts who are playing this top. This is probably a buy before it’s a short but I’d be very cautious up here, the dumps go fast and they’re hard to get out of. Interactive Brokers has shares.
DOMK has one employee and the price has run up from $.95 to $4.88 in the last three months. Key the $3 range because if that doesn’t break the recent dip buyers of $1.67 will likely look to lock in profits accelerating a pull back down to $1.67 support where I believe it’ll settle. If $3 breaks I’m a buyer on this one before we’ll look to short it. Interactive Brokers does not have shares.
SYNC is Lebed’s latest NIA pump and it’s been a roller coaster so far. Friday’s action squeezed a bit at the close so this one was weaker Friday than this chart lets on. They have big money into this, over $3 million so big shorts are going to try and force NIA’s hand. It’s the Wall Street bull versus bear and whoever has deeper pockets will win on this one. If this range starts to slip I don’t see $9 holding again so key the low $8’s as support.