Hit BAS for +15% +$5,400 8/24 – 8/27.
Hit XIV for +8% +$1,950 9/2 – 9/3.
Hit GLUU for +4% +$1,700 8/27 – 9/3.
3 perfect swing trades offering flexible entries and exits which is exactly what I’m trying to do with this service.
I fully plan to ramp things up here, doing more watch lists and trading but not while the markets are making 300 point moves up and down daily.
For this service I’m much more selective. If you’re in this service I’m guessing it’s because, based on your busy schedule, the Active Trading newsletter moves too quick for you, which is exactly why I created this Swing Trading newsletter. I won’t waste your time if I have nothing important to say here, recognizing you’re busy, but if I do write it’s with the mindset of making money.
So here’s the plan for this week.
FNMA is coming in a little toward $2.20 support which is where I’m looking to buy 10,000 shares. This is my true long term pick meaning once I buy, I’m sticking with it. If this trade plays out like I think it will, it could be my next 10 bagger since the AAMRQ trade idea a few years back, which went from about $1 to nearly $20 into the merger. The thought here is the government will eventually remove the conservatorship, returning profits to shareholders, at which time the stock price will erupt.
BTU is a good coal stock to consider long. I’m currently long this stock in the Active Trading newsletter and after doing some research there, I’d like to get involved here too. The game plan is to accumulate a position into the election year. Republicans love cheap energy so coal stocks should catch a bid. I’m currently scouting above $2 for my long term entry and unless it pays big quickly, think I could be in this trade for a few months after buying.
PEIX looks like a good swing trade here I’m interested in buying above $6.30 for a move to $10 or so. Shares have based nicely over the last few weeks and volume is picking up lately which could be a sign of a reversal. Down from $13 a few months ago, a move between $9 to $10 would be very profitable.
Your Swing Trader,