Stock Picks for 4/11 and Recap for 4/10


Today was not a good day for the markets.The Dow dropped 266 points, The S&P dropped 40 points and the NASDAQ index had its worse day in months dropping 130 points.

Before we start with the picks lets gets some news out of the way.

PHOT-  The U.S. Securities and Exchange Commission suspends trading of GrowLife, Inc. (PHOT). The SEC release states, “The Commission temporarily suspended trading in the securities of PHOT because of questions that have been raised about the accuracy and adequacy of information in the marketplace and potentially manipulative transactions in PHOT’s common stock.“ To read our detailed analysis and what this means for PHOT, click here . The SEC might have suspended trading for PHOT but FITX took a beating amid news of the suspension. It is because FITX has a partnership with PHOT and who knows if the issues from PHOT run deeper into FITX ( FITX was down 18% at one point during the day) .

LATF-  Latteno Food Corp. (LATF) Launches MMJ Edibles Delivery Service. After a horrible week for the Marijuana sector, this is relatively good news. Not big news but good. LATF is on the rise after reporting tremendous earnings, the latest news on LATF signifies expansion, growth, growth and more growth. To read our detailed analysis on LATF’s edible delivery service, click here

Earnings to Watch before Friday’s Open- FAST, JPM, WFC  ( Will be a bystander as none of our analysts are playing those earnings). * Big earnings coming up – Google 4/16 Amazon 4/24 Under Armor 4/24  Apple 4/23 TSLA 5/14. I will most likely put Calls on Google and Amazon. Puts on TSLA ( Tesla) . Have not decided on Apple or Under Armor.

Day Trading Penny Picks- GLFC ! REAC, IPRU, KNSC.

My eyes lit up when I saw GLFC. GLFC is currently sitting at .0001 due the fact that it dropped 96%!. For those that have been following me for a while, you should know that I LOVE stocks that are .0001 because it is mathematically impossible for them to get any lower than that. Therefore the only risk is that you lose a few bucks on commission. .

REAC- buy at .0002 and sell .0003/4. REAC has been trading at .0002-.0005. Support  has been holding strong at .0002 for quite some time.

IPRU- Sitting at .0005, It is testing support. If IPRU falls tomorrow do not touch it as I would expect it to free fall. If support holds, buy in at 5/6 sell at 7/8. EASY MONEY =.

KNSC- Pattern Pick just like IPRU- Trading at a channel between .0009-.0012. Buy around 9/10. Sell at 11/12.

Forex Watch. For our latest Forex article click here . For open forex trades click here

Recap of 4/10

I personally did not trade much, but here are the results. 300% profit on my Rite Aid ER calls. and 12% profit on my RAD holdings. $1000 in profits. Only open trade as of now is PRPM. Pictures below

IMG_0357

 

MANNKIND BIOPHARM WATCH : Breaking news out of MNKD due to the FDA extending its Afrezza PDUFA date to July 15. Afrezza’s original PDUFA date was scheduled for April 15. For the short term it means that the hype is going to die down along with a mediocre volume which will drive down the price as it did today. It dropped 8% after it was announced that the PDUFA date was being postponed until July 15 (18% drop during premarket hours). This has no implications on the possibility of the drug getting approved it is still highly likely that the FDA will approve Afrezza in the coming months. So until we start nearing the PDUFA date don’t expect anything huge out of MNKD. Long term wise this is a good stock short term not so much as the risks heavily outweigh reward. In short MNKD will move out of the picture in the stocks we cover mainly because we were interested in MNKD for it’s AdCom and PDUFA.

Long Term Stocks

MYEC- BIG BIG NEWS! MyECheck, Inc. (MYEC) going global with an iCard1 agreement To read out analysis on this click here! 

As For Our Long Term Picks

( STOCK TO STAY AWAY FROM ) KING IPO- OVERPRICED !!! KING’s IPO was a joke ( IPO pricing of 22$)  in my opinion it had one legitimate game ( one hit wonder ) . ZNGA has had more success yet they are only priced at 4-5 $.  THEY need more success/revenue to back up their value we have yet to seen a glimpse of their financials ( signals instability ) .  Great Candidate for PUT OPTIONS as the company has done nothing to warrant their current value.

LONG TERM WATCH LIST! (  Changes once every 1-2 weeks )
LONG TERM STOCKS- CMG, TRMR, FNMA, FMCC, MA, GOLD, BRK-B, NKE, NOW, ICLD, GNTX, XOM.TSLA.CTIC, VZ, PLUG FNMA TSLA

– ARTX As I mentioned before I sold ARTX during the selloff post earnings. This stock still has a bright future therefore I will wait for the selloff to finish and then I will assess and most likely re-enter with a position on ARTX.

For an analysis on ARTX Click here  on PLUG,FNMA,TSLA, For our Reasonings Behind FNMA click here, For Reasonings behind PLUG click here, For Reasonings behind TSLA click here .

LONG TERM PENNY PICKS- MYEC, HYSR, Marijuana Stocks (  * UTRM *, FITX, MJNA, PHOT, TRTC, HEMP, CBIS, MDBX) For our detailed analysis on the future of Marijuana Stocks  click here !

We are a non profit group/organization. Our main objective is to educate and help our subscribers, investors and prospective stock traders with investments. There is no grander feeling than changing the lives of our followers. This organization is run by full time college students and donations are appreciated. We appreciate any amount to help us keep moving forward with better picks for our subscribers. We will continue to build a better website for everyone !. 

General Disclaimer: All Statements are our opinions, invest at your own risk 

We in no way claim that we have investigated the financial , accounting, business practices of the companies that we have profiled. As a result it is recommended that you seek the guidance of a financial consultant or advisor prior to investing in any stock that we profile. Hereitfirst recommends that anyone trading or investing in securities, should do so with caution and consult with their stockbroker or financial advisor before doing so. Past performance may not be indicative of future performance. Day trading is considered highly risky and trader must accept full risk for this venture. Hereitfirst is not liable for any losses or damages, monetary or otherwise that results from buying or selling on the information found in this website or it’s e-mails. We may be long in some of the stocks that we recommend. However we do not make any recommendations to buy or sell any security. The only thing we recommend is consulting a financial consultant before you trade.

General Disclaimer: All Statements are our opinions, invest at your own risk

We in no way claim that we have investigated the financial , accounting, business practices of the companies that we have profiled. As a result it is recommended that you seek the guidance of a financial consultant or advisor prior to investing in any stock that we profile. Hereitfirst recommends that anyone trading or investing in securities, should do so with caution and consult with their stockbroker or financial advisor before doing so. Past performance may not be indicative of future performance. Day trading is considered highly risky and trader must accept full risk for this venture. Hereitfirst is not liable for any losses or damages, monetary or otherwise that results from buying or selling on the information found in this website or it’s e-mails. We may be long in some of the stocks that we recommend. However we do not make any recommendations to buy or sell any security. The only thing we recommend is consulting a financial consultant before you trade.

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.

2 Responses to Stock Picks for 4/11 and Recap for 4/10

  1. tommyb1984 says:

    making so much money of KNSC and Rite Aid, THANK YOU!

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