*Update Moving forward, watchlist released for free every Sunday night will only list the stocks that I am watching. Entry/exit zones (along w/ charts) will be shared occasionally with individuals who are signed up for the newsletter. If you're not on my mailing list; sign up below. It is free.
Did you miss our $SWHC pick that provided subscribers with a gain of about +40%? How about our speculative $NXTD pick, with a gain of over +60%? Our newest pick recently hit all time highs; we are currently up about +10% on that pick. Don't miss out on the next. Become a premium member today!
This stock was placed on ShortMeTina's premium 3QP portfolio as a speculative pick with an initiation price of about $.39. The stock went as high as $.64; representing a max gain of a little shy of +65%. Last week we saw a bit of a sell-off but this remains a long. The stock remains above its base. I seldom go the route of penny stocks but if you have the stomach for the volatility; I do believe there is more upside. As a reminder; when I designate a stock a "speculative" pick, I typically allocate no more than 1% of my entire trading capital towards that stock. (e.g. a 100k portfolio means; I will not purchase more than 1k worth of stock). Please read my blog on "pump and dumps". Disclaimer: I am not referencing to this stock as a pump and dump; I am trading it as one.
Earning season
If you've followed me for some time; you should know I appreciate earning's season. It's that time of year where investors tend to react without thinking things through. While earnings can be played profitably (both long and short); I find it usually serves as a great opportunity for speculators to pick up stocks on cheap (investors react harshly to the slightest hiccup). An earnings miss usually sends a stock selling-off in a big way. Look no further than $NFLX (Netflix) to see this point illustrated. At any rate; my earnings focal point this week is $AAPL (Apple). Apple reports earnings on Tuesday, July 26, 2016 after market close. A miss on EPS/Revenue or even weak guidance will more than likely cause a sell-off. I am hoping to capitalize on any move that I find irrational.
Why change what works? Free subscribers had a great run with this stock. Initiation price in the upper $21s; and locked in gains a few cents shy of $30. Representing profits of about +40%. Still bullish on this stock; obviously there are better entry points than others but if you're not easily shaken out of a trade; this has more upside.
Reports earnings July 26, 2016. During the NBA finals I wrote about this stock and Nike ($NKE). My Analysis has not changed. I would begin locking in profits around this level. It should be noted that an earnings beat would possibly lead to another +3 or so points before we approach resistance (based on my chart interpretation). Conversely; a miss on any fronts may send the stock spiraling back to pre-run up levels. Whether the company misses or beats; I am eyeing the pre-run up levels. Out of the two companies; I favor Under Armour more because it's a relatively new company (compared to Nike) and I feel there is more growth to be had. Patience is key.
Also watching $SPY $QQQ $IWM $DIA $NKE $NFLX $GLUU $TUR
This watchlist is for information and illustrative purposes only. It is not, and should not be regarded as investment advice or as a recommendation to buy, sell and/or hold any securities mentioned above. All investments carry risk, there are no guarantees. Investors should consult with their advisers with respect to their investments.