Market Recap for 4/17


Today was not the best day for me. I lost $1,010 on my Google 570 April $19 Calls which we will speak more about later. As for the US markets they were a mixed bag because the Dow dropped a few points as the S&P while NASDAQ both made positive strides. The DOW dropped a measly 16 points finishing at 16,408.54, the S&P gained 3 points closing at 1,864.85 and the NASDAQ index gained 9 points finishing at 4,095.52. It was great to see the market rebound as we were seeing a steady regression in prior weeks. Also, as a heads up April 18 is Good Friday therefore the market will be closed tomorrow! For those of you that celebrate the holidays, I hope you have a wonderful Easter!

-Hereitfirst related news. We achieved 2 milestones in 1 day. Our website officially launched in late February and today we reached 60,000 views. In addition we made it to Instagram’s most popular page! We would also like to take this time to thank our subs/followers for our success because without you guys we would not be in this situation.

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GOOGLE, CHIPOTLE- Even though Google missed on earnings ( Missed their EPS by .15 and revenue 90 million) a major sell off was avoided. Even though I lost a lot of  money on Google, this is a great sign as investors still believe in the long term prospects of the company. Chipotle is in the exact opposite position as Google. CMG actually had a good earnings report ( they missed their EPS by .21 but they beat expectations on revenue by $30.37 million). Shares of CMG were up tremendously as CMG went from the low 550’s to a high of $588 however CMG quickly plummeted ( 588 to a low of 518 ) shortly after the announcement that they would be raising prices due to an increase of expenses. To read more on CMG’s price hike click here .  * Side Note* The pictures below should show you the risk and rewards of ER options. If you miss, you will almost certainly lose 100%, If you hit you will make 100-400% ( personally the most I ever made was 600%).

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Another good day for our penny picks because PMCM, QASP both had good days. PMCM had a nice 6% bounce at open QASP was up 15% ( took profits at .0022) QASP will remain a penny pick due to the fact that it has a predictable pattern with a strong support structure at 18.

Technical Analysis on PLUG, SINA & CMG by @cortesanalysis. To read more click here 

                                         NEWS ON OUR LONG TERM STOCKS

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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2 Responses to Market Recap for 4/17

  1. Marc Denoyer says:

    Wonderful video. I really liked it a lot. Keep updating.

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