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	<title>Comments on: Scanning for supernovae</title>
	<atom:link href="http://www.reapertrades.com/2009/08/scanning-for-supernovae/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.reapertrades.com/2009/08/scanning-for-supernovae/</link>
	<description>Reaping Profits by Trading Penny Stocks</description>
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		<title>By: How I missed an easy $8,000 on Georgia Gulf Corp. (GGC) &#171; Reaper Trades</title>
		<link>http://www.reapertrades.com/2009/08/scanning-for-supernovae/comment-page-1/#comment-119</link>
		<dc:creator>How I missed an easy $8,000 on Georgia Gulf Corp. (GGC) &#171; Reaper Trades</dc:creator>
		<pubDate>Thu, 06 Aug 2009 20:57:09 +0000</pubDate>
		<guid isPermaLink="false">http://reapertrades.com/?p=164#comment-119</guid>
		<description>[...] Trading Profits                    &#171; Scanning for supernovae [...]</description>
		<content:encoded><![CDATA[<p>[...] Trading Profits                    &laquo; Scanning for supernovae [...]</p>
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		<title>By: 14 Hot Stocks Breaking Out Which Led To $7,000+ In Trading Profits &#124; TIM - Timothy Sykes</title>
		<link>http://www.reapertrades.com/2009/08/scanning-for-supernovae/comment-page-1/#comment-113</link>
		<dc:creator>14 Hot Stocks Breaking Out Which Led To $7,000+ In Trading Profits &#124; TIM - Timothy Sykes</dc:creator>
		<pubDate>Thu, 06 Aug 2009 16:46:11 +0000</pubDate>
		<guid isPermaLink="false">http://reapertrades.com/?p=164#comment-113</guid>
		<description>[...] GGC &amp; RINO both keep uptrending…both I thought the stories were good and in bull markets, good story stocks can and do go muuuuch further than most anyone expects…it’s not about being right, it’s about understanding the variables that contribute to such predictable moves (which is what my instructional DVD packages are for)…both of these are now potential shorts, but their stories are still intact so both are extremely risky, with fakeout breakdowns galore. Reaper has a nice blog post with this Supernova chart HERE [...]</description>
		<content:encoded><![CDATA[<p>[...] GGC &amp; RINO both keep uptrending…both I thought the stories were good and in bull markets, good story stocks can and do go muuuuch further than most anyone expects…it’s not about being right, it’s about understanding the variables that contribute to such predictable moves (which is what my instructional DVD packages are for)…both of these are now potential shorts, but their stories are still intact so both are extremely risky, with fakeout breakdowns galore. Reaper has a nice blog post with this Supernova chart HERE [...]</p>
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	<item>
		<title>By: Reaper</title>
		<link>http://www.reapertrades.com/2009/08/scanning-for-supernovae/comment-page-1/#comment-112</link>
		<dc:creator>Reaper</dc:creator>
		<pubDate>Thu, 06 Aug 2009 16:27:20 +0000</pubDate>
		<guid isPermaLink="false">http://reapertrades.com/?p=164#comment-112</guid>
		<description>Nope, blew it on GGC. It was so beautiful too. If I had nailed it that would&#039;ve been about $10,000 in profits.</description>
		<content:encoded><![CDATA[<p>Nope, blew it on GGC. It was so beautiful too. If I had nailed it that would&#8217;ve been about $10,000 in profits.</p>
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		<title>By: Preston</title>
		<link>http://www.reapertrades.com/2009/08/scanning-for-supernovae/comment-page-1/#comment-110</link>
		<dc:creator>Preston</dc:creator>
		<pubDate>Thu, 06 Aug 2009 14:08:46 +0000</pubDate>
		<guid isPermaLink="false">http://reapertrades.com/?p=164#comment-110</guid>
		<description>I have a funny feeling you killed GGC this morning.

By the way your back to # 1 on the Fool, I know you don&#039;t pay much attention to that anymore but I thought to let you know.

My TYP has paid off but I&#039;m still holding because I think more downside is to come, but I will not hold overnight.

AIG has flew up.</description>
		<content:encoded><![CDATA[<p>I have a funny feeling you killed GGC this morning.</p>
<p>By the way your back to # 1 on the Fool, I know you don&#8217;t pay much attention to that anymore but I thought to let you know.</p>
<p>My TYP has paid off but I&#8217;m still holding because I think more downside is to come, but I will not hold overnight.</p>
<p>AIG has flew up.</p>
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		<title>By: Reaper</title>
		<link>http://www.reapertrades.com/2009/08/scanning-for-supernovae/comment-page-1/#comment-108</link>
		<dc:creator>Reaper</dc:creator>
		<pubDate>Thu, 06 Aug 2009 13:06:09 +0000</pubDate>
		<guid isPermaLink="false">http://reapertrades.com/?p=164#comment-108</guid>
		<description>Yngvai  - thanks! Of course there is no one &#039;right&#039; scan; I have other scans I use to find potential shorts that aren&#039;t true supernovae.

Ross - As Tim Sykes likes to say, he makes money by trading stocks up on hype and manipulation. Finance stocks have plenty of smart traders (hedge funds) trading them. I like to trade against dumb individuals, not smart pro traders.

Shawn - I don&#039;t think CMLS is a good buy. But one big up day on huge volume is often followed by another. So odds favor that it goes up today.</description>
		<content:encoded><![CDATA[<p>Yngvai  &#8211; thanks! Of course there is no one &#8216;right&#8217; scan; I have other scans I use to find potential shorts that aren&#8217;t true supernovae.</p>
<p>Ross &#8211; As Tim Sykes likes to say, he makes money by trading stocks up on hype and manipulation. Finance stocks have plenty of smart traders (hedge funds) trading them. I like to trade against dumb individuals, not smart pro traders.</p>
<p>Shawn &#8211; I don&#8217;t think CMLS is a good buy. But one big up day on huge volume is often followed by another. So odds favor that it goes up today.</p>
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	<item>
		<title>By: Yngvai</title>
		<link>http://www.reapertrades.com/2009/08/scanning-for-supernovae/comment-page-1/#comment-107</link>
		<dc:creator>Yngvai</dc:creator>
		<pubDate>Thu, 06 Aug 2009 03:49:51 +0000</pubDate>
		<guid isPermaLink="false">http://reapertrades.com/?p=164#comment-107</guid>
		<description>Cool...I&#039;ve got a similar filter that I use to find these types of short setups.....I like to look for stocks 80%+ off the 5-day low, and 15%+ above the upper bollinger band.  Here&#039;s my filter:


set{fivedaylow, Low 5 day low}
set{a1, Close / fivedaylow  }
set{a2, a1*100}
set{percentincrease, a2 - 100}

add column percentincrease

set{b1, upper bollinger band(20,2)}
set{b2, close / b1}
set{b3, b2 * 100}
set{percaboveubb, b3 - 100}

percaboveubb greater than 14
and volume above 100000
and close above 0.5
and percentincrease above 79

add column percaboveubb

sort by column 5 descending</description>
		<content:encoded><![CDATA[<p>Cool&#8230;I&#8217;ve got a similar filter that I use to find these types of short setups&#8230;..I like to look for stocks 80%+ off the 5-day low, and 15%+ above the upper bollinger band.  Here&#8217;s my filter:</p>
<p>set{fivedaylow, Low 5 day low}<br />
set{a1, Close / fivedaylow  }<br />
set{a2, a1*100}<br />
set{percentincrease, a2 &#8211; 100}</p>
<p>add column percentincrease</p>
<p>set{b1, upper bollinger band(20,2)}<br />
set{b2, close / b1}<br />
set{b3, b2 * 100}<br />
set{percaboveubb, b3 &#8211; 100}</p>
<p>percaboveubb greater than 14<br />
and volume above 100000<br />
and close above 0.5<br />
and percentincrease above 79</p>
<p>add column percaboveubb</p>
<p>sort by column 5 descending</p>
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		<title>By: Ross</title>
		<link>http://www.reapertrades.com/2009/08/scanning-for-supernovae/comment-page-1/#comment-106</link>
		<dc:creator>Ross</dc:creator>
		<pubDate>Thu, 06 Aug 2009 02:43:47 +0000</pubDate>
		<guid isPermaLink="false">http://reapertrades.com/?p=164#comment-106</guid>
		<description>Howdy sir.  You said that you don&#039;t like trading finance stocks.  Is there any particular reason(s) why?  I&#039;m a beginner at this game so I&#039;d be interested to read what you have to say about them.  Thanks.</description>
		<content:encoded><![CDATA[<p>Howdy sir.  You said that you don&#8217;t like trading finance stocks.  Is there any particular reason(s) why?  I&#8217;m a beginner at this game so I&#8217;d be interested to read what you have to say about them.  Thanks.</p>
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		<title>By: Shawn</title>
		<link>http://www.reapertrades.com/2009/08/scanning-for-supernovae/comment-page-1/#comment-104</link>
		<dc:creator>Shawn</dc:creator>
		<pubDate>Thu, 06 Aug 2009 01:41:02 +0000</pubDate>
		<guid isPermaLink="false">http://reapertrades.com/?p=164#comment-104</guid>
		<description>What makes CMLS such a good bye? I&#039;m just starting out and landed on your blog from Tim&#039;s site haha</description>
		<content:encoded><![CDATA[<p>What makes CMLS such a good bye? I&#8217;m just starting out and landed on your blog from Tim&#8217;s site haha</p>
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