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30 Jun

Tuesday June 30, 2015


Good morning.

3 wins in a row with the passive swing trading / long term strategy, let’s keep the train rolling with the next pick.

The market has stabilized Tuesday morning after Monday’s Greece induced meltdown and I’m ready to look for new positions. Before the watch list, however, let’s take a look at the portfolio.

FNMA – Possibly has the most long term potential of any small cap I can think of right now. I’m betting the government will eventually release Fannie from the conservatorship and if I’m right, this is probably a 10 bagger. Billionaire hedge fund manager and famed activist investor Bill Ackman has built a massive long position over the last year totaling $475 million of his $16 billion hedge fund. This is a risky trade so I’ve bet small, if it starts to favor the bulls I’ll double up. Here’s a good article on The Motley Fool.

LQMT – Apple’s license extension with Liquidmetal last week makes this an excellent long term position. As Apple develops new products, speculation over the use of liquidmetal could drive shares up considerably, not to mention the strong possibility of actual news.

Here’s what I’m watching for passive swing trades and or long term holds.

BAS – Probably my favorite pick right now if I can get shares above $7. Really nice continuation pattern here with good support above $7 and range to $10 before major resistance. I’d expect the hold time to be a few weeks to a month so I’ll start small with maybe 1,000 shares and look to add to my position as the pattern confirms the uptrend will continue.

AKS – Shares are slipping into oversold with good support at $3.90. This is a trade I’ve wanted to be long at these prices so I’m watching for an entry down here and will swing it quickly if it whipsaws as it has in the past, otherwise I’m fine with a longer term hold of a few weeks.

JNUG – Been stalking this 3x junior gold miner play around $20 and think I’ll start in soon with 1,000 shares. This is what I’d consider a swing trade with flexible entries and exits. If $19 – $20 acts as support I’m looking for profit in the $23’s which a hold time of a few days to a week.

Your Long Term Trader,

Jason Bond

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