New month, new comprehensive review of my STT strategy.
For some of you may know, I have been making picks based on solvency and discount on book value. I am quite confident with this strategy. However, it doesn't seem to suit the time frames for STT. I am now going to integrate my current STT strategy with some knowledge derived from the Disallowed thread and a few things I'm doing right in the intra-day scene. My hope is to pick a price that the stock will never revisit again in 12 months.
Right now I'm hunting for stocks that fit this criteria:
* low market cap (less than 5M cap?)
* low share base (not sure yet, but maybe around 20M?)
* high cash to market cap ratio
Stay tuned.
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Short Term Trading Weekend Lounge 6- 8th Nov, page-232
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