A guy I respect on Twitter suggests buying names off Nasdaq Compliance tickers names like AXL and BZ and many others that have jumped several hundred percent since receiving notice.
I must admit I had bought CRDC then sold for a small loss -- at 1.20 -- it was in danger of delisting. Then 2 days ago they receive a PP and the stock has jumped 50% from where I sold it. All happened in about two days.
I checked the list of non-compliant names and it just so happens I own two already that are on the list: INSM and ROIAK.
ROIAK received its letter last October but INSM's notice is only about 2 weeks old. I added more INSM to my managed portfolio. I'm very intrigued about INSM.
update: checked out a few charts, quite a few tickers popped strongly the very day the Compliance Note came out. So perhaps quite a few people are playing this game. It's clearly no slam dunk. Some issues stay down for months and lose another 50% before finally rising. I'm sure quite a few go BK and aren't on the list anymore. Something to think about for sure...