One of the charts I like to look at from ClearStation is the percentage change in volume -- basically, which stocks are much more active right now than usual. Today, one stock in particular stuck out: M-Wave, Inc. M-Wave deals in microwave-frequency components and high-frequency circuit boards through a subsidiary named Poly Circuits Inc.
Based on no news since early February, when the company announced restructuring and a retirement of debt, as well as an agreement to sell a few properties in order to free up cash, the stock has more than doubled. I think something is going on, and I look for a news release sometime soon. Regardless, trading volume is up 1,786.77% today and the stock price is fluctuating over a 20% range. I good opportunity to grab a little profit perhaps.
I didn't get in near the low today, but I'll put this $700 I have sitting around in my mock portfolio into play and see what happens. I don't expect to own this one too long. I'll set my stop at $3 and sell order at $6. I'll reevaluate the sell price based on what happens over the next day or two.
