So GEVO did in fact announce the date of their ALK partnership test flight, coming earlier than expected in the first part of June. We nailed that trade idea perfectly and this morning it’s up again after earnings. Now it becomes more of an active trade given it’s in the upper $.30’s, so I’ll play it in the Day & Swing Trading newsletter, but wanted to touch upon how we were right all along and scored a really nice 1 month +30% +$17,000 profit here.
GPRO was weak Thursday but I sensed it was overall market weakness dragging it lower so I didn’t add and I didn’t stop out, but instead allowed it to settle and plan to add to my position around $9 next week and then put a stop in. I’ll let you know when I double up with an email and text message as always.
Outside of that I’m not looking to do anything else today until I see the SPY hold support here and head for $210. Which means GPRO is the only open trade for now. I’ll have a weekend report every Sunday from now on, reviewing the week’s action and stocks to watch the week ahead. Then small, concise daily updates. If you don’t have from me on a given weekday, it’s simply because I had nothing to say – I won’t write just to write, it needs to be a good use of your time, like the update on GPRO this morning.
That’s all for now. Have a great weekend.