Hi Justin, BCOV came across my Stock Scouter when this Clould-Software was hitting the 52 week lows, it's IPO was in 2013. Finally, after they beat EPS and guided higher with new wins with Angry-Birds maker and other companies I took interest and bought at $7.00. With BCOV it traded up and was pinned down until about a month before Earnings were to be released. You have to be patient with your convictions, I can't speak for Twitter other than my favorite Tech Analyst said it was a "Sell" and he was Shorting Twitter. Dan Niles made bank if he shorted Twitter up near $75, I screwed up by trading the Weekly Options, I have no business playing those gambling devices unless it's with money I need to burn. ICLD was pinned down below $3.00, some game-changer hit with ICLD, I don't know what that was and my accounts are not larger for not knowing. I traded ICLD because it was moving up and down, I stopped trading ICLD after it blew past the $12.00 mark during it's frenzy. Today's down move in the DOW was a easy call to make, everyone who has been in this Game knows the Funds and Pros kept the Market high so they would get their big bonus and "Mark to Market" a great Year! Today, I noticed the stocks I bought were not all hurting, my POST Cereals was up, my Select Comfort and Joseph A Banks JOSB did not crater. I like stocks having money move in to them from the frothy sectors, I heard reports that Facebook and other Social Media are getting lots of "termimante my account" requests, so we are going to be entering one heck of a Stock Picker's Market, your method of looking for a great pull-back on some stocks hitting 52 Week Highs and All-Time Highs is solid strategy. Some stocks you buy, examples are the following. HBI (Haines) you got to wait for Haines to take off, after earnings this stock can pop $3-$6 but usually "fills in the gap". PKG, KS, IP, MCD, BSX, BCOV, WETF, NTRI often fill in the gap, so we end up waiting for the next leg up, possibly waiting for months or the next Earnings Report before they jump again. The Chinese Reverse IPOs and other Chinese Stocks were classic at exploding on the news only to have the Naked Short Sellers clobber then in to the ground. With Chinese Reverse IPOs, it's most practical to follow your advise of waiting for these stocks to fall back below their 30-60 gap up and buy them once they fill-in-the-gap, than wait for your gains. I hope you smashed ICLD, keep a eye on BCOV, if Oracle did great with the Cloud, my little BCOV and CALD are going to do well too (IMHO). Peace Justin!
Maybe ICLD was a secondary offering on 31/10/2013, not an initial. I have been trying the free trial of the power scanner in esignal 11. It is very impressive when you get used to it. You have to right click in the scanner, select properties and set the rescan to every minute to get it to work. There seems to be a bug with the IPO scanner which returns results that are not ipo's but have been trading for years. I have reported this. I turned on the $12 news package in esignal and you get a headline count column in the scanner. You can then link the scanner window to the news window. Clicking on a scanner result brings up the headlines. This saves having to go to yahoo finance in a browser and typing the symbol in. I found Plug at $2 in the premarket held it for a day and sold it at $2.60 because they buy in the fuel cells from BLDP. There was new news on Plug today and the stock reached $4. I am going to hold BLDP for a while and FCEL that were also in the scan results. Some of the biggest movers today were in the post market yesterday. I have not worked out yet how I can find these. I am not sure if the scanner works in the post market.
TWTR was a buy on the range expansion on Dec 4th. Maybe when esignal sought out the bug with ipo scans it will be easier to find. Apparently for ipo's under a $1bn market cap the underwriters can issue reports after 25 days and after 40 days for those over $1bn. Usually they will be positive reports so you can position ahead of this.
I have been researching pre market scanners. TC2000 will not do scans pre market. Esignal starts at 8:00am est Trade ideas starts at 07:30am and will link to esignal. Madscan starts at 07:00am and will link to lightspeed and sterling. Any other pre market scanners?
Sterling Trader has Sterling Scanner - but anyway you need to use Sterling Plaftorm to have access to Sterling Scanner. There are pre market filters that work earlier than 7:00. Trade-Ideas.com sometimes I see some signals 7:25. I've been using it since 2008. Like it very much - anyone want 30% rebate just pm me.
How is the Sterling Platform and do you get ECN Rebates? I was paying over $500 a month on data-feeds even after making 200-400 trades a month. How is it?
Yes I do get ECN rebate. When you trade in prop, you are treat as a pro trader - that's why quotes are so expensive. Doesn't matter if you trade 200 or 2000 traders a month. But more important is the commission that you pay.