Stock Picks for 4/15


Good evening folks! Today was a good day for the market! The DOW gained 146.49 points and finished at 16,173.24. The S&P closed at 1830.61 ( up 14.92 points). Nasdaw gained 22.96 points as it closed out at 4,022.69.

EARNINGS PLAY- ( STOCKS/OPTIONS) Today we picked up YHOO, JNJ calls ahead of their earnings on 4/15.  Below is the option chain for YHOO (notice the volume on the closest strike prices of calls/puts, the volume for YHOO was 33,000 and the volume for the put options are at 3100. Picture below.

As for JNJ, the volume for the 97.50 call options are at 5445 while the volume for the 96.00 put options are at 3000. There is a greater call volume but the gap is not as big as YHOO. The outcome of JNJ, YHOO will have implications on our GOOG plays. If we  hit on JNJ , YHOO we will be playing GOOGLE earnings. ( you can also follow us by purchasing the JNJ, YHOO stocks but options offer higher risk with higher rewards).

To read our technical analysis on JNJ,YHOO, ( earnings play) and EW,GOGO,TSLA. Click here

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PENNY PLAYS- GRAS, KNSC, * GARB*

GRAS- Gras broke out today due to due to great news. This is a fundamental play as the momentum behind GRAS could help push it to new highs for 2 consecutive days. If GRAS starts out hot, I would jump in. If GRAS tanks at open I would be a bystander.

GARB- If you noticed GARB is bolded. GARB has over 2 billion shares exchanged on 4/14. That is an unusual number. As far as we know there was no news to support the unusual spike. This unusual spike in GARB’s volume could be attributed to insider activity as they know something we dont. Who knows, but GARB’s spike in volume is something to watch.

KNSC- Once again KNSC traded at a consistent channel ( .0009-.0011). However I believe that KNSC’s days trading in this channel will come to an end. KNSC will either break resistance at .0013/.0014 OR break support at .0008/9. When will this happen? I am not sure but tomorrow will be my last day trading KNSC’s channel. If I hold onto KNSC it will be because I truely believe that KNSC will break out.

HEMP EARNINGS Hemp, Inc. (HEMP) First Quarter Sets Company Revenue Record– HEMP soared 30% after the company released their earnings for 2013. To read our analysis on HEMP earnings click here.

 

PHOT SUSPENSION –  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) .

* 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.

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.

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 !

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

 

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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.

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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
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