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28 Jul

Tuesday July 28, 2015


Good morning.

The portfolio is looking good with HOTR and HTZ.

While HOTR has a consensus price target of $4.98, the goal for my trade is $3.30’s which would deliver roughly +$8,000 in profit and I’m willing to hold this trade ideal long term as the growth story plays out.

HTZ is an excellent turnaround story I think could see $20’s during my trade on it. Carl Icahn is invested heavily and his performance history is better than Warren Buffet. I’ve locked in shares in a nearly oversold condition, will stop out below $15 but think that’s very unlikely before it hits $20.

Cyber security is hot right now which means HACK could be a good buy above $30.50. With the spotlight on FTNT, which is in full breakout mode, I find it hard to believe goes much lower, but to be safe my stop is below $30.40 here. Thinking 2,000 shares looking for a few points.

Another trade idea I’m really liking is CHK above $8, yes the sector is getting crushed but this company has excellent fundamentals and above $8, potential to run to $12 before major resistance. I’ll start scaling in above $8, probably today.

Let’s also be watching FBIO. I might swing this trade idea this week, but am also thinking of a smaller long term position. Activist investor Paul Singer recently upped his stake in Fortress by nearly 2 million shares and Singer has an excellent track record. For a long term entry I’ll be waiting for something closer to $3 with a goal of upper $4’s for profit, stop loss below $2.80.

ERX is another trade idea I like this week. With support being established at $38, I’m thinking 1,000 shares and looking for profit around $41. Energy is getting hit hard and the overall trend is down, so this is only a passive swing trade idea with a goal of 5-10% in the short term.

Your Long Term Trader,

Jason Bond

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