Categorized | Stock Newsletters

StockEinstein Update

Hello All, Real quick update. BPAC had a big uptick in trading today and finally broke through 57 cents on its way up to a high of 61 cents on the day. At this point all readers who are in this stock should be in the money. I hope now that it broke through this minor resistance area that the move will continue. Make sure to move your stop loss orders up to protect your downside and keep a close eye on it so you can put some money in the bank as it goes higher. AMCG started off slow today but picked up a bit towards the end of the day finishing slightly in the green. News came out late in the day today when a research firm came out with a report with a short term price target of $1.41 on the stock. This news should bring additional eyeballs on the stock and may help getting it moving in the right direction for us. If you look at the daily chart you will see that there is a strong support level just below us here at 60 cents. You may want to put your stop loss orders just below that in case this stock heads backwards. Keep a close eye on it and make sure you book profits when in a position to do so. The broad market continues to trend lower. The Dow is down just under 10% over the last few weeks. While I think this is a normal pullback and isn't anything to panic about it does tell us that we need to be cautious in our trades which means using tighter stops and booking profits earlier. As the overall market turns we can loosen up a bit and give these trades some room to run. In the mean time I will continue to search for something that we can all put some money in the bank with. Enjoy the rest of your evening. Good Investing, Mark If you do not trade with a broker that allows stops GET ONE. ChoiceTrades does allow stops and they only charge $5 commissions on OTC stocks. 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