What a great day yesterday and it’s a good example of why we load the end of December. You only need 1 of your picks to erupt like HDY did and it puts some solid profits in your pocket in the first week of January. Can’t complain about the 10% on ZAGG either, or the 7% (was 15% argh) on RENN. So far about $10,000 in profits on those three alone and I’m hoping to close the other 4 swing – long trades soon.
I won’t lie, I spent a good portion of my day Wednesday trying to get us ready to move to Profitly next week. A ton of unexpected work has come up as a result of this move and working it into my normal routine is making for some really long days. If all goes well, I’ll be mostly done by Sunday and things will return to normal. I’m still waiting on a lot of Profitly usernames / emails so if you’ve yet to complete yours please do so immediately.
U.S. stock futures lost ground Thursday, pointing to a lower open for Wall Street as European shares sink amid worries over bank capital while investors await U.S. weekly jobless claims and private payrolls data.
Payrolls processing firm ADP is set to release its estimate of private-sector payrolls for December at 8:15 a.m. Eastern. The Labor Department will release data on weekly jobless claims at 8:30 a.m Eastern. Both sets of statistics will be gleaned for clues to the week’s main economic data event, the release Friday of December nonfarm payrolls and other jobs data.
Economists surveyed by MarketWatch expect first-time claims for unemployment benefits in the week ended Dec. 31 to fall to 373,000 from 381,000 the previous week.
The Institute for Supply Management’s index measuring activity outside the manufacturing sector in December is set for release at 10 a.m. Eastern. Economists expect the index to rise to 53.3% from 52% in November.
MCP – I’m looking for $3-$5 per share profit on this one but will not let it go red since I’m up over $1,000. I think in the right market it could see $30 very easily. Remember, this is not a normal pick for JasonBondPicks but rather material I’m collecting for a long term newsletter I plan to start in 6-months.
PZZI – Volume is light but I still like PZZI above $5. I’m up about $1,000 and was up $2,000 but this isn’t the move I’m looking for so I sit, I be patient and I wait for $7 or better. Stop would come into question if PZZI broke $5 and looking like it could continue down. A soft break of $5 to close above it wouldn’t concern me and I’d actually look to buy more shares.
QPSA – Was up about $2,300 here and I know many of you already made money on this one but I’m looking for an HDY type move and think QPSA heads up quite a bit before their earnings in a month. Having said that I can’t let it drift below $3 on me down to $2.80 so I’m watching it close and will keep you updated. Currently I’m down $800 on this trade.
USAT – Still nothing to write home about here but I think I win this trade still. This is a long term trade for me and I will look to buy 15,000 more shares at some point. If $1 were to break I’d start to monitor close for a stop loss. Earnings are coming up soon so hopefully it’ll pop and run into the $1.30’s short term.