In Minervini's first book there is a small section starting on p253 about Power Play stocks.
Essentially they are pure momentum plays with little regard to fundamentals.
To qualify the following criteria must be met:
1. Stock price up 100% in less than 8 weeks, usually after a period of dormancy.
2. Stock usually moves sideways 3-6 weeks with corrections of max 20-25%
3. Days before the breakout volume will contract considerably.
I have put together a simple screen that shows some candidates both in the UK and Europe.
https://www.stockopedia.com/screens/minervini-power-play-319843/
A fair proportion are classified as Momentum Traps.
Anyone else try this strategy ?
Since reading this post I have used this screen regularly and added the following to my portfolio....
ZOO, GGP, ZIOC, VRS, and last but not least, RPT (up over 120% earlier today, now standing at +85%). Seems to throw up some good punts.
