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Did anybody swing with CBIO?
Traderlady, what was your strategy to identify these stock candidates may I ask?
Most of my Easy Scans include several more criteria, but I believe I found this one with just three criteria:
% Change Since Open > 0,
As columns, I use both Ask Size and Bid Size as well as using the maximum amount I will risk on any one day trade divided by Close.
CBIO was trading in the $5.00 range in previous days and opened on March 28th at $5.15.
In the case of CBIO, although the percent gain was amazing, the Bid Size turned out to be too low for me to take a significant position -- and thus to make a significant dollar profit on this trade.
I hope this helps a bit.
Thank you very much appreciate the explaination