From now on expect a concise daily email from me detailing any new trade ideas and updates on the portfolio.
Let’s start watching KNDI at $7. I think this is a strong long term play but we’re not looking to buy today until the market shows us its hand. Right now U.S. stock futures are tipping it a little but I’m not confident the selloff will gain momentum. If it doesn’t, KNDI is the next buy for this service around $7, swing for $8.
FNMA, already in the portfolio, is a long term pick and I almost always keep my long term picks through earnings as that’s a necessary part of being long and not swing. Thursday is the call and to be honest, numbers don’t matter much here as all the profits go to the government. The game plan is a runup on speculation a Republican held office will release FNMA from it’s conservatorship and return the profits to shareholders.
GEVO, also in the portfolio, is another long term pick. Earnings are the middle of this month and while I don’t expect them to turn a profit or even beat, an update about the Alaskan Airlines flight will be key in making this priced for bankruptcy stock catch a bid. This report on Seeking Alpha yesterday sums up what I told you a few weeks ago when we bought this one.
That’s all for now.