Good Evening Folks ! Got caught in Atlantic City this weekend so the market recap is in the same post as the stock picks!
Answers to Friday’s Questions
Q. Can you explain what a pump and dump is?
A. A pump and dump is a scheme mainly used in penny stocks. Essentially a guy, firm, analyst, etc “advertises” a certain stock. In turn other investors buy in hoping to make a quick profit. If done correctly and effectively the stock price will start rising which will cause more people to buy in. Eventually the advertiser will sell off all his shares and make a quick profit. Unfortunately, for most other investors who got caught up in this trap they will end up losing most of their investment.
Q.Are you still buying and holding plug ? Do you think it will hit $10 again ?
A. No. Like we indicated in previous questions regarding plug, we believe that for now plug is a company that will experience a pullback after its astronomical two week run. If you haven’t by now it would be wise to take whatever profits you made on plug and wait for a good entry point on this stock once again in the near future. We do believe that plug will eventually hit $10 and if it follows up on previous good news that it delivered in its previous earnings report, plug has the possibility of hitting the $15-$20 range.
SOLD GARB, PLUG this past Friday. Even though I walked away with 80% profits in PLUG, I am extremely disappointed as I had a high of 240% in profit BEFORE Andrew Left’s report on PLUG. As of now PLUG is a stock I would stay away from in the short term ( lots of short sellers) For a detailed analysis on the short term perspective of PLUG click here . The long term future for PLUG is bright however as it is an alternative energy company ( many alternative energy companies are heavily funded by the government )
Fannie Mae’s support held beautifully throughout the week as the Bulls withstood the Bears. I would consider FNMA’s results on Friday as it failed to even test support level 1. Great News out of FNMA during the weekend as Credit Suisse has agreed to pay $885 million in FHFA mortgage fraud case. For the full article written by Reuters.com Click here
Penny Picks went 3/4 ONCE AGAIN. WE had a 3/4 every trading day this week. Our 75% success rate for this week has actually LOWERED our overall success rate to 83% !. To view Friday’s penny Picks CLICK HERE. Results in the picture BELOW.
LONG TERM WATCH LIST!
ONG TERM STOCKS- CMG, TRMR, FNMA, FMCC, MA, GOLD, BRK-B, NKE, NOW, ICLD, GNTX, XOM.TSLA.CTIC, VZ, PLUG FNMA TSLA
* Note Watch out for the 3D printing sector . Many Companies have been releasing PROFIT WARNINGS ( very bad signs ) with the XONE coming out with a profit warning last week. VJET is releasing their ER on the 28 so I would be cautious with the 3D sector at this point. Stay Tuned Folks.
SHORT TERM PLAYS( Playing the Trends) MVV, PLUG , FLWS , TAOM. For a detailed analysis on these stocks click here .
LONG TERM PENNY PICKS- HYSR, MYEC & Legit Marijuana stocks List of Marijuana Stocks/ Reasoning click here ( We might be adding FITX) to that list sooner or later.
Day Trading Penny Picks – BFLD GLER MCET UTRM
Fundamental Driven – PRPM not a buy yet but news will be coming out about the Repurchase & Retirement Program over the next few weeks- Bi-weekly ( put on my watch list by @torontowallstreetsavages ! give him a follow ! )
All our day trading penny stocks are based off technical analysis. Our unique methods have a success rate of 83% ! Do not forget that the odds are against us mainly due the fact that timing is key and our penny picks change day in and day out. When trading our very own penny picks, the average holding time is about 30mins to 3 hours!. We are In and Out!!. To follow our every move follow us on twitter Hereitfirst_ Remember guys most of my penny picks are for day trading so you should be in and out!. Picks are all technically driven, I PLAY THE TRENDS not the stocks fundamentals. If the ask of one of my penny picks is beyond reach DO NOT CHASE! Live to fight another day.
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