Stock Picks for 4/17


What a day for the markets! The DOW gained 162 points finishing at 16,424.85. 17,000 here we come! The S&P gained 19 points finishing at 1862.31. NASDAQ gained 52 points and closed the day 4086.22. If you guys did not already know, we purchased 570 April 19 Google Calls which will not work out to well. Our losses will not be as steep as we expected as GOOGLE’s sell off was very brief. Google finished after hours at 539 which is only a loss of 3%.

Once Google’s ER was released GOOGL’s shares plummeted to the low 520’s. However the sell off was very brief. Shareholders may be relieved but those that are currently holding options on GOOGLE are left in a awkward situation. Anyways as a trader we will have our wins and losses, it is all about maximizing profits and minimizing losses. ( We were up 87% on our calls before the markets closed as we purchased the calls at 5.33). Fortunately for you guys we hit AEGY right on the nail. Last night we predicted that AEGY would be a perfect bounce/value play with a projected value of 38-40. Congrats to those who played AEGY as it finished at .004.

PENNY PICKS FOR 4/17

JRRD KNSC QASP PMCM.

JRRD is a pure pattern pick. Anything inside 2 is a must buy for JRRD. It will most likely bounce to .0003 and possibly .0004.

PMCM, QASP, KNSC are all value picks.
PMCM went up to .006 a couple weeks back . PMCM broke out today . Once again take a read and react approach, if it starts out hot buy if it tanks, pass.

KNSC- Call me stubborn but when I believe in a stock, I won’t give up on it. I bought 1,1 million shares at .001 and 1.7 mill shares at .0006. The charts scream CWIR but maybe that’s me being stubborn.

QASP- Picked QASP due to it’s strong support at 18. All week QASP has been testing support at 18 and it HELD every single time!

IMG_6925

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 – 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! 

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.

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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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