Running With The Bulls; 10 Stocks Under $3 Going Against The Grain

I'm constantly on the hunt for solid swing trades like EONC, AXK, ABAT, CXZ,
AMRI, TSON, EVC, GLCH, AMR and PNCL. Normally I try to position before the move
like I did with HDY recently at $3.06 before it ran about 30% the following day,
however, sometimes swimming with the current is an easy way to grab quick
profits too. Swing trading, for those of you who are unaware, is a speculative
activity where stocks are repeatedly bought or sold at or near the end of up or
down price swings caused by price volatility. A swing trading position is
typically held longer than a day, but shorter than trend following trades or buy
and hold investment strategies that can be held for months or years. Many of the
charts below will be short lived opportunities, however, back-testing on this
filter shows some push forward considerably despite being overbought. My filter
for the stocks on this list is between $.25 and $3 with 300 trades or more the
previous day. The following stocks could deliver some decent profits moving
forward if they continue so here's what I'll be watching for. eOn
Communications Corp. ( NASDAQ:EONC ) provides communication solutions in the
North America, Puerto Rico, and the Virgin Islands. The balance sheet shows
$1.85 million in cash, $3.7 million in debt and a book value of $2.17 on 2.86
million shares outstanding. EONC has a tiny market cap of $5.7 million and is
well below what I look to trade between $100 $300 million. The Beta is what I
would consider normal around 1.33 but that market cap is the primary reason EONC
has these big bursts followed by gradual fades. If you pull up a 52-week chart
youll see this isnt the first time this year EONC has made a big move. Back in
May it went from $1.44 to $2.10 on day 1 and continued to run from $2.16 to a
high of $3.25 on day 2. Just about a month later it went nova again from $1.66
to $2.33 and continued on day 2 from $2.35 to $3.35. In both situations the
stock managed to run for 1 days which is why it made the list. Certainly hard to
say if it will follow that trend but one thing is for certain, if some sizable
bids show up Thursday this thin stock could certainly squeeze aggressive shorts
before fading. Accelr8 Technology Corp. ( AMEX:AXK ) focuses on the research and
development, and commercialization of proprietary surface chemistry formulation
and quantitative bio-analytical measurement instruments. Another small market
cap at $21.10 million with a Beta of 1.38. The balance sheet shows $775.86
thousand in cash, $0 debt and a book value of $.43 on 11.10 million shares
outstanding. This is a stock I happen to like and have written about before . If
it looks like it can hold this run Ill certainly swing it because the 52-week
chart clearly shows the ability to run for days on end. Advanced Battery
Technologies Inc. ( PINK:ABAT ) engages in the design, manufacture, and
marketing of rechargeable polymer lithium-ion batteries. ABAT has a small market
cap at $50.25 million and a Beta of 1.23. The balance sheet shows $74.04 million
in cash, $0 debt