"...understanding how news can have legs can really really really really really really help you." [spikeability disc 3 1:00:19] 'Confidence appreciates.' confidence and trust are the things that make and break negotiations and a trade is just that, a negotiation. When reviewing an instrument for trade the indicators should bring confidence (from inference ) or trust even ( confidence from prior experience). News, big investors, Good Earnings, a reliable product, price action pattern, or a promotion all seek to inspire a sense of confidence. Confidence = Value. The best indicators are the truest ones. Truth is what is left when confidence is tested and an instrument's new assertion is weighed. "Think about what is right and true." - Musashi Miyamoto many flowering penny stocks can be played, but caution should be more heavily given to instruments and times of lower truth; lower trust; or inspire lower confidence. The success is not in the flower but the Fruit. Flowers come every season and can be given freely, but fruit is arduously born and is stored up for times of need. This is how I am currently thinking of when I rate the tradability of a play.