22 Mar

I Just Bought …

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I like the way this one is setting up. It’s the first big volume day on and the afternoon lull appears to have settled around $1.10. I bought FASV at $1.11, same type of play as UTOG and ALZM. Momentum based trade which appears to have decent size campaign starting on it although I am not sure it’s as big as the other two we nailed. I am looking for 10% on this in the short-term, preferably this week, so about $1.25. My stop will be around $1.00 should it pull back.

I am on the COOL bid right now in hopes to add to my position at today’s low of $2.30. I have been trying to get filled all morning there so we’ll see. I know I said $2.25 – $2.28 but am not sure we’ll see that today.

CHTL is looking great still from my $.187 add last week, hoping this divergence and accumulation continues. I am still looking for $.22-$.23 in the next day or two.

Sincerely,

Jason Bond
jason@jasonbondpicks.com

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