Looking for my first trade here on Profit.ly with a small account of 2500. Looking for plays above .75 but under 2.00 for best gains at the time with small account. Ready to break my cherry but a little concerned to do it tomorrow...
Extremely hesitant to go into any of the oil and gas plays that happened today. Don't want to get caught in the mix of unknown volumes, and unpredictable industry patterns that can change every 12-24 hours based on news that can be affected not only here but overseas as well.
I really don't want to force any trades, so these 3 plays tomorrow will be watched with extreme caution after not finding much. After digging and finding some mediocre interest, this is what I have found...
MNI - Up after Zacks analyst news. Publishing company. 2nd tier rated newspaper printing. Most would see the newspaper industry as a dying industry. Most recent high of about 1.65ish. Could possibly break 1.7 if it stays on the increase. Didn't hold position at end of days. Fell .20 from the high toward end of day. High # of shares short. Shorts can possibly be called if price rises. Also starting a Share repurchase program up to 12/2016 which can increase price of stock per 10-K. Looking to do up to 15mm. Decreasing classified ad revenue while digital revenue is growing. Filed for Stock reversal split to increase stock price as well. Vote doesn't happen til May.
GEVO - Broke .30 but not long enough to buy. Was up 13 percent today. Volume, 5th highest day in past 6 months. New blend for fuel is able to now be used on commercial jets. GEVO CEO states they look forward to making first test flight with Alaska Airlines a reality. (They've also placed contracts with AA over 2 months ago.) Zacks analyst currently has this stock as buy with a low target of 3.00 per share and a high of 5 with a consensus of $4.00. Also has a rating of 2. Avg vol is 680,700 while vol was up by 2.8mm oday. Stock finished near its high of .30. Shares could be pushed by 1 days time with a ratio of 3.77 if volume is high enough. Support is .22 which is a recent yr low.
NMKEF - Nothing but major uptrend since Mar. First major red day was today. Will continue to watch as a potential short. Website hasnt been update with current news lately. Cant find any pump articles but, tech analysis indicates possible pump due to no major news. If support breaks, will attempt to short around .75.
- MAXIMUM EFFORT
Mr. Pool
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