10 Nov

Tuesday November 10, 2015


Good morning!

So far so good on the JNUG alert and it’s nice to see GPRO coming around as well. Did you see my report made it on Jim Cramer’s TheStreet? I’m looking for 10-20%+ on this into Christmas.

JNUG was NOT nice to me Monday, running my stop on half my shares before rallying strong through the high of day into the afternoon. I suppose I should have waited to add shares into weakness instead of adding into strength and I wouldn’t have had that problem. Never-the-less I’m +7% so far on the 500 shares I have and hope to lock a nice profit on it today if gold and gold miners continue up, which I think they will. Bottom line on the stop is I try to be very disciplined as I grow size with these leveraged ETFs and ETNs because failure to do so can lead to BIG losses and fast. I know this from experience so be sure to trade disciplined with these.

Here’s what we should start watching this week for new trades.

GLUU – I think it’s time to consider scaling into GLUU for a long term position. The company has a war chest of cash and no debt combined with some solid catalysts on the long term front. They’ve recently missed on earnings and guidance was not as favorable as Wall Street expected but in my experience, buying GLUU into oversold usually works out well within a few months. I’m thinking 5,000 shares around $3 if this pattern holds and another 5,000 if it goes lower. Hold time probably a few weeks to months here. The company did get a buy upgrade this week but so far it’s had no impact. Wedbush to my knowledge still likes it to $8 as well, so let’s watch closely now.

BIS is looking favorable here too. With all the problems VRX is having right now I think big money will start pouring out of biotechs in the near term, creating a trade between $30-$39 on BIS.

That’s all for now.

Jason Bond


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