Scanning stocks on the fly....

Sorry for the absence yesterday had an extreme bout with neck and shoulder pain and my left arm was pretty much useless. So.... scanning stocks on the fly. Now, I only do this usually for entertainment so its not something I suggest on a regular basis nor with lots of investment money. Lets say I get a tweet or an alert on a hot stock. The first thing I do is go to http://www.otcmarkets.com and plug in the symbol. I like that site because its kinda like my one stop shop resource center with the most info I need to make a pretty good informed decision on if and when I get in. I plug in the symbol and immediately go to a chart of the last 7 days and look at the volume. If there has been a spike in volume the last few days I get a detailed quote on the buys and sells. If the buys far outweigh the sells and there has been no promotion in the few days prior to the alert or tip, then I know this stock has been front loaded and I am a potential bag holder and Ill stay out of it. If its been normal trading then at this point it is a go so far.... Next I quickly pull up the financials and see if there are actual revenues and see if the company is current on its SEC filings. I also check for the outstanding shares and see if the company has recently put a bunch more shares on the market diluting the stock. If it has, I stay out. Next I look at the news releases to see if it has had recent news developments that can affect the stock. At this point if im still interested I go back to the chart and look for my entry point. I do not suggest this trading stocks on the fly to new traders. It takes a bunch of mistakes and some losses to get pretty good at this. If you insist on trying your hand at it,I recommend trading only with paper. I also do not recommend staying in this stock for very long. Worst case scenario you get in on a dip in the afternoon and sell at the next days open, but the preferred exit is the same day I buy. Well thats it for now. Hope you have a great weekend. Im going to go back to some small business ideas this weekend so stay tuned.......