Hi Mike,
Nicely done tonight…
You spoke about stocks in play briefly. I am not sure I heard
the definition properly for a stock in play. Is the selection a function
of Volume only which is +/-3% of overnight volume?Could you briefly define a stock in play?
Thanks,
Jim
Thxs for attending our Webinar last night. In The PlayBook I outlined Super Stocks In Play, which will answer your question. From The PlayBook:
- Improved margins.
- Government investigation.
- Raised guidance going forward.
- Revenue significantly better than expected.
- Gained market share.
- New product, new drug, new something to sell.
- The market cannot put a ceiling on earnings.
- Stock +/– 3 percent with increased premarket volume.
- SMB Radar score of 6 or higher.
- Spencer morning meeting (SMB a.m. meeting): top three ideas.
Each of these is defined and discussed in greater detail in The PlayBook.
I hope that helps.
You can be better tomorrow than you are today!
For additional reading on Stocks in Play, here are some previous posts on the subject:
Traders Ask: How Do You Find Your Stocks?
Our Approach Makes the Most Sense (Really)
Mike Bellafiore