Good morning!  While I did spend much of the weekend indoors, I DID manage to get a little sun, a little tanning action.  I hate to say it, but damn I am looking good    B-)

 

Last night I sent out an alert on TGMP - American Power Corp.  Since this company has a limited trading history and unlimited potential, we have an opportunity to make really big profits on this trade. However, we still have to have a solid trading strategy based on TGMP's brief trading history so we can make sure we play it safe.

 

As usual, please remember any trading strategy given is nothing more than the biased opinion of an unlicensed amateur, so don't ever trade based solely on what I say.

 

I think a great place to put a stop loss order would be at around $1.09.  The lowest TGMP has traded in the past five trading days has been $1.10.  TGMP has good momentum behind it so we don't want to see it fall below any recent lows, which is why I think $1.09 or maybe a little less than that would be good. 

 

We'll be able to play the big upside on TGMP without risking too much cash if we play it tight like that. 

 

Watch out for gap ups in the morning, if we see any big gaps you can tighten your stop to just below today's opening price, or yesterday's close.  You can also try waiting for a pullback and try to enter at a lower price maybe 30 minutes to 60 minutes after the open, or any time later in the day.  Remember if TGMP takes off, you may not get a better entry point...so it's up to you.

 

If the uptrend on TGMP continues, we should be in for good profits over the next few days or longer.  Either way, there was a lot of buzz and newsletter coverage of TGMP over the long weekend so we should see a lot of action for possibly a quick 1-2 day gain.  Perhaps a little quick buy and sell day trading as well, hmmm???

The market is opening soon, keep your eyes on TGMP today!

 

PSA - Penny Psycho