11 Oct

Updates On Our Two Open Swing Trades For Tuesday


Well there you have it, futures are down and Europe is to blame once again. If these guys could get their act together we’d probably see a bull run with earnings season on us.

I’m still short 10k LSTG at $1.13 and I think it could fall apart soon. These pumps are costly to short though and I’ve already racked up $300 in fee’s so I need at least that much to break even. There was a mailer out over the weekend which caused yesterday’s spike, but then it faded and sold into the close. If the mailers come to an end this thing could drop to $.90 or lower which is what I’m gaming for. I’ll add 10k shares if I spot weakness, but shares are hard to come by still.

Swing trade alert Monday was LOCM… this is no stranger to anyone who has been with me since I started in March. We’ve nailed this once countless times and I like it above $2 because after trying to short that range I realized it just didn’t have any sellers left in it. Tons of angles here from buyout to squeeze but the bottom line is I just don’t see it going lower than $2, so regardless of how it trades over the next week or two, I’m either out below $2 or taking profit in the $3 plus range – good risk reward if you ask me. Low volume trade right now, so we’ll need a catalyst to lift LOCM and bring liquidity.


Submit a Comment

Your email address will not be published. Required fields are marked *

Choose From The Topics Below To Receive Jason Bond’s Market Insights & Alerts:

[adzerk adTypes=”162″ utm_source=”wrbrbwad” utm_medium=”w” utm_campaign=”wadproductweb” utm_term=”JRDE” utm_content=”wwjbpnormsbar_jbp_sidebar” keywords=”jason-bond”]

[adzerk adTypes=”3834″ popup=”true” delay=”3″ cookie=”1″ keywords=”jason-bond”]