I heard from several my friends talking about Specs. quite a few ways to make good money on Specs.
1. Check the volume first, than the price, and indicators are totally useless.
2. Accumulating from Dec to March, and sell out in May to June.
3. Become a group of Conspiracy. who buy or sell shares among themselves, and jack up or beat down price for a reason. Actually, brokerage house often do that before a capital raise.
4. Buy on rumors and sell on news.
I used to analysis some small company to death. With some good result, such as ORE, MTN, BMN, MAK, ARU and RWD (all sold out at good prices), and some very bad ones, such as AXO, IXR, WHE, ERN, MON, LYC etc... . I found it is very risky.
Now I only tried no2. I was accumulating some in Dec, but sold out in Jan because the prices are too good. I am accumulating some now for fun, and hopefully make some money in May, or break-even.
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