Venture Contrarian Prospecting

A contrarian believes that certain crowd behavior among investors can lead to exploitable mispricings in stocks.


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To access my current posts, click the following link:
Notes From a Cyber Trader

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Related Posts:


Why I trade penny stocks.

Why I trade penny stocks. Part two

Why I trade penny stocks - part three

Why I trade penny stocks - part 4



Why I trade penny stocks part 6



Why I trade penny stocks part 8

Keeping a Trading Journal

What to do with a reverse split?

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On a side note: 10:55 am  - Level two quotes not working over at RBC Direct Investing since the start of trading today. Not Sure if this is market wide. Am trading blind for time being. - Have incurred sales per my "Activity Page" but level two platform not showing any changes in bids or asks.

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Within my overall portfolio trading strategy is to complete same day trades or within 3 days.

As I like to complete channel trading, a constant irritant is finding new prospects once I've sold my position in a stock and am waiting for it to re-dip. So where does one find prospects?

I do not want to tie up much of my capital in an effort to make a quick $50 to $150 profit on a trade and I want to spread my chips on the board - so to speak.

What works for me is finding stocks that trade between 3 to 15 cents and buy 12,000 to 30,000 shares and sell with a 1/2 to 1 penny move.

That said, I still need to find prospects.

The only Canadian business paper that lists winner/loser stocks under $1 is the National/Financial Post.

Here I look up the Venture Losers under a $1 - with a contrarian investing point of view of there might be some exposed nuggets for quick pickings.

I find new channel trading stocks that otherwise may never show up on my radar.

Its important that I look at the stock's chart to determine this and knowing that the stock has a good/constant trading volume.

A red flag is to stay away from downward trending stocks - unless you're shorting.

Keep in mind that trading penny stocks have a high risk/reward outcome. You need a trading strategy and you need to stick to it ( and complete your due diligence). Keep a trading journal and document why you pick the stocks you pick.

Happy trading to all

RedMars

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August 19, 2009 Losers in the Toronto Venture

LOSERS
TSX-V Companies in ALL Industries by % Change  | As of 8/19/2009
Symbol Exch. Last Trade Change % Change Day High/ Low Volume (000's) 52 Week High/Low V.EMM TSX-V 0.030 -0.040 -57.14 0.045/ 0.030 25 0.075/0.005  V.SCG TSX-V 0.040 -0.030 -42.86 0.050/ 0.030 663 0.100/0.015  V.GMK TSX-V 0.035 -0.025 -41.67 0.040/ 0.035 48 0.075/0.025  V.ALF TSX-V 0.060 -0.040 -40.00 0.060/ 0.060 25 0.180/0.040  V.ROX TSX-V 0.100 -0.050 -33.33 0.120/ 0.085 587 0.175/0.035  V.OPA TSX-V 0.010 -0.005 -33.33 0.010/ 0.010 189 0.105/0.005  V.YAN TSX-V 0.025 -0.010 -28.57 0.025/ 0.025 58 0.220/0.020  V.DRL TSX-V 0.025 -0.010 -28.57 0.025/ 0.025 150 0.100/0.020  V.GLC TSX-V 0.170 -0.065 -27.66 0.190/ 0.170 46 0.400/0.080  V.TBD TSX-V 0.080 -0.030 -27.27 0.085/ 0.080 300 0.300/0.030  V.UNX TSX-V 0.640 -0.240 -27.27 0.910/ 0.610 2,155 0.920/0.080  V.SGZ TSX-V 0.070 -0.025 -26.32 0.075/ 0.070 130 0.230/0.050  V.SBX TSX-V 0.250 -0.085 -25.37 0.250/ 0.215 43 0.480/0.045  V.OIL TSX-V 0.015 -0.005 -25.00 0.020/ 0.015 387 15.470/0.010  V.DRK TSX-V 0.030 -0.010 -25.00 0.045/ 0.030 133 0.120/0.015  V.DYA TSX-V 0.075 -0.025 -25.00 0.100/ 0.075 62 0.250/0.030  V.BLC TSX-V 0.015 -0.005 -25.00 0.020/ 0.015 202 0.030/0.005  V.NWN TSX-V 0.100 -0.030 -23.08 0.120/ 0.100 83 0.500/0.100  V.PGR TSX-V 0.050 -0.015 -23.08 0.065/ 0.050 21 0.320/0.025  V.SSV TSX-V 0.085 -0.025 -22.73 0.085/ 0.085 14 0.160/0.025  V.OTL TSX-V 0.070 -0.020 -22.22 0.090/ 0.070 27 0.285/0.050  V.RKG.H TSX-V 0.070 -0.020 -22.22 0.080/ 0.070 261 0.090/0.040  V.NHG TSX-V 0.550 -0.150 -21.43 0.560/ 0.550 19 1.000/0.500  V.SRB TSX-V 0.230 -0.060 -20.69 0.255/ 0.185 167 1.300/0.200  V.RUU TSX-V 0.020 -0.005 -20.00 0.025/ 0.020 70 0.150/0.020

next 25

LOSERS
TSX-V Companies in ALL Industries by % Change  | As of 8/19/2009
Symbol Exch. Last Trade Change % Change Day High/ Low Volume (000's) 52 Week High/Low V.AZA TSX-V 0.040 -0.010 -20.00 0.045/ 0.040 407 0.140/0.010  V.BRS TSX-V 0.040 -0.010 -20.00 0.040/ 0.040 32 0.130/0.015  V.CK TSX-V 0.020 -0.005 -20.00 0.025/ 0.020 210 0.100/0.015  V.CTG TSX-V 0.020 -0.005 -20.00 0.025/ 0.020 97 0.100/0.010  V.NKL TSX-V 0.040 -0.010 -20.00 0.040/ 0.040 50 0.090/0.010  V.ODE TSX-V 0.020 -0.005 -20.00 0.025/ 0.020 128 0.080/0.020  V.CBE TSX-V 0.105 -0.025 -19.23 0.130/ 0.105 40 0.430/0.050  V.AUU TSX-V 0.315 -0.075 -19.23 0.380/ 0.295 2,210 0.600/0.020  V.SOX TSX-V 0.105 -0.025 -19.23 0.110/ 0.105 30 0.295/0.025  V.UUL TSX-V 0.065 -0.015 -18.75 0.065/ 0.065 31 0.220/0.020  V.AGE TSX-V 0.130 -0.030 -18.75 0.160/ 0.130 66 0.220/0.050  V.NNA TSX-V 0.070 -0.015 -17.65 0.075/ 0.070 310 0.290/0.075  V.MCI TSX-V 0.245 -0.050 -16.95 0.300/ 0.240 6,954 0.335/0.015  V.MJS TSX-V 0.025 -0.005 -16.67 0.030/ 0.025 45 0.050/0.030  V.MBR TSX-V 0.200 -0.040 -16.67 0.240/ 0.200 183 0.650/0.020  V.NAR TSX-V 0.300 -0.060 -16.67 0.320/ 0.300 30 0.400/0.020  V.ITU.P TSX-V 0.050 -0.010 -16.67 0.050/ 0.050 50 0.060/0.030  V.KG TSX-V 0.025 -0.005 -16.67 0.025/ 0.025 43 0.055/0.015  V.COV TSX-V 0.250 -0.050 -16.67 0.310/ 0.250 35 1.370/0.155  V.EXM TSX-V 0.025 -0.005 -16.67 0.035/ 0.025 254 0.110/0.015  V.WER TSX-V 0.125 -0.025 -16.67 0.150/ 0.125 1,272 0.375/0.040  V.PIE TSX-V 0.050 -0.010 -16.67 0.050/ 0.050 35 0.400/0.030  V.SEM TSX-V 0.025 -0.005 -16.67 0.035/ 0.025 62 0.090/0.010  V.BFD TSX-V 0.130 -0.025 -16.13 0.140/ 0.130 104 0.200/0.040  V.NVK TSX-V 0.235 -0.045 -16.07 0.235/ 0.235 13 0.460/0.200

next 25

LOSERS
TSX-V Companies in ALL Industries by % Change  | As of 8/19/2009
Symbol Exch. Last Trade Change % Change Day High/ Low Volume (000's) 52 Week High/Low V.CQ TSX-V 0.055 -0.010 -15.38 0.055/ 0.055 100 0.120/0.025  V.PGB TSX-V 0.110 -0.020 -15.38 0.115/ 0.110 79 0.240/0.030  V.SRM TSX-V 0.055 -0.010 -15.38 0.065/ 0.055 57 0.245/0.035  V.IAX TSX-V 0.085 -0.015 -15.00 0.085/ 0.085 27 0.145/0.020  V.PML TSX-V 0.230 -0.040 -14.81 0.230/ 0.230 20 0.420/0.060  V.NTR TSX-V 0.175 -0.030 -14.63 0.200/ 0.170 90 0.300/0.050  V.IMM TSX-V 0.410 -0.070 -14.58 0.480/ 0.410 3 0.850/0.400  V.JML TSX-V 0.090 -0.015 -14.29 0.090/ 0.090 18 0.365/0.065  V.NWT TSX-V 0.120 -0.020 -14.29 0.135/ 0.120 41 0.175/0.020  V.DSP TSX-V 0.030 -0.005 -14.29 0.035/ 0.030 793 0.150/0.020  V.BKS TSX-V 0.030 -0.005 -14.29 0.030/ 0.030 448 0.235/0.030  V.CCR TSX-V 0.030 -0.005 -14.29 0.035/ 0.030 74 0.330/0.015  V.PHE TSX-V 0.120 -0.020 -14.29 0.140/ 0.120 78 0.640/0.040  V.STK TSX-V 0.030 -0.005 -14.29 0.035/ 0.030 33 0.080/0.020  V.IGX TSX-V 0.620 -0.100 -13.89 0.630/ 0.620 10 1.090/0.370  V.AUG TSX-V 0.095 -0.015 -13.64 0.110/ 0.090 119 0.170/0.025  V.CCD TSX-V 0.130 -0.020 -13.33 0.135/ 0.130 203 0.160/0.015  V.PET TSX-V 0.130 -0.020 -13.33 0.140/ 0.130 32 0.250/0.060  V.ALH TSX-V 0.270 -0.040 -12.90 0.325/ 0.270 24 0.470/0.035  V.TRC TSX-V 0.135 -0.020 -12.90 0.150/ 0.135 11 0.205/0.015  V.GWY TSX-V 0.480 -0.070 -12.73 0.570/ 0.400 1,062 0.730/0.030  V.PBM TSX-V 0.035 -0.005 -12.50 0.035/ 0.035 74 0.100/0.025  V.EGE TSX-V 0.035 -0.005 -12.50 0.035/ 0.035 275 0.160/0.015  V.EPC TSX-V 0.105 -0.015 -12.50 0.110/ 0.105 61 0.310/0.040  V.CLD TSX-V 0.035 -0.005 -12.50 0.040/ 0.035 60 0.080/0.010

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Thanks for checking out my page. Red Mars