Over the last few months, I have had a few successes with what Minervini calls power plays. These are stocks that go up by 100% or more in an eight week (or less) period, then consolidate/correct without correcting more than 20-25%, then finally move back up and through their high (at the top of the initial increase). The buy point is just above this high ideally on good volume.

I've had a few successes with this: Ocado and Bahamas Petroleum have been the most obvious examples.

I've been watching Sosandar (LON:SOS) for a while now since it hit a high of £0.36 on 23 July. It has since corrected about 25% (£0.27 on 3 August) but has now rebounded strongly with a huge rise on Friday. My hope is that it now tightens up for a few days before bursting through the £0.36 buy point when I plan to buy.

I know that there are a few who are in this already and I usually stay away from stocks that have an overly active ADVFN group (which SOS has). However given the good company in that group, I'm going to make this an exception!

Let's see if we get that breakout.
M.

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