Q Stock Thread. (WAMUQ, LEHMQ, MFGLQ, etc) - Stocks currently in Bankruptcy. The riskiest of the...

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Some penny traders love to trade the potentially super volatile Q stocks (stocks in bankruptcy), so here's a thread to help alert all those plays. The Qs can move up or down about as quickly as anything in penny land, so be advised to only trade these if you know what you're getting yourself into.

WAMUQ at the moment is showing a bit of short term strength, though nothing too special yet. However if this wall at .04 gets taken out, I can see this popping either this afternoon or tomorrow.

No sooner than I post, 04s get taken out and it runs 15% like that. Pretty liquid too. Now the fun part to Qs is sometimes these catch some air and start to turn into monsters. 15% in 10 minutes is always nice and is often the way to scalp these stocks, this still has the potential to keep going, finish the day strong, and then run 100% tomorrow. Probably won't happen, but it happens more often than some may think, which is why these Qs are always interesting.

I tend not to follow the stories behind any of these, just monitor the charts for signs of momentum building and favorable (either very oversold or strong) charts. All it takes is a little bit of momentum and then all of a sudden the day traders start piling on and the shorts start to cover. For that reason you often don't need much of a catalyst, if any at all. Even just a rumor can get these sparked in a hurry.

MFGLQ with a little strength today. I always take note when one of these starts to show some signs of life, they can blow up in a hurry.