Market Recap 3-14


Before I start please take the time to support us on Facebook, Drop a like/ follow any kind of support would be greatly appreciated ! Click here for the link to our Facebook page Boy am I happy this week is finally over. 

Friday’s PENNY PICKS were AMAZING. After going 2/3 on penny picks on wednesday / thursday we had  a PERFECT DAY on Friday. I left alot of money on the table today, I sold BYRG at .0005 when it went up to .0006 by mid day. I broke even on PVEC and sold it at .0004 ( dropped to .0003 shortly after open) eventually closed the day at . 30% gains on WDDD Sold it at.17 ( high of .1849) Picture below to recap our penny picks. Image

Added FNMA at 3.92 ( WE sent out an alert around 10am EST) After FNMA’s massive drop due to rumors of the government shutting FNMA down I initially believed the bad press would take this stock down all the way to 2.50-2.75. However many hedge fund’s came out defending FNMA which stopped its slide. That is why support held the way it did or else FNMA would have slid even more. Therefore after 2 consecutive days of rebounding I finally bought into FNMA because I believe that the slide is over for the most part. At Hereitfirst we are also firm believers of FNMA as 3/5 of our analysts personally own FNMA. To read our reasoning behind FNMA click here. Picture below to recap our FNMA alert. Please remember that FNMA is a 2 year + investment 

Image

 

PLUG had a bad day after the fuel cell company was hit with a downgrades by analysts at Roth Capital and Cowen & Co. Cowen & Co. downgraed PLUG to Market Perform from Outperform with a $7.50 price target, believing that strong bookings ( future orders from customers such as Walmart/FedEx/Mercedes Benz) should drive sales and revenue in a positive direction( Full Year guidance for PLUG was superb in my opinion. As a result shares of PLUG plunged 16% (1.29$).

Hope you all enjoy the weekend, we shall speak again on Monday!

Answers to all your questions will be posted by Saturday night/Early Sunday Morning! Stay Tuned! 

 

 

Advertisements

About Mitchell Fung

Forex ,Stocks & Option Trading Contact Us if you have any more questions. Email- Hereitfirst@gmail.com Twitter- Hereitfirst_ Instagram- Hereitfirst Paypal Email for donations -desiredmaya@gmail.com
This entry was posted in stock market and tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s