Thursday, October 27, 2011

Today Is Looking Great For Our Premium Alerts

Back on October 3rd I predicted the bull market ahead and weve been up ever
since. Possibly luck, possible skill, who cares cause things look good. Since
then, despite all the media scare, Ive repeatedly said my instinct suggests well
break the bear channel and head higher. As such I tried to position in several
swing trades that could benefit from such such a move. So today of course Im
thrilled to report Asia was on fire last night, Europe is rocking right now and
futures are smoking hot so far. This of course bodes very well for our 3 Nasdaq
stocks; GLUU, QPSA and WAVX. Here is what Im looking for on our three open swing
trades. No watch list today, just focusing on these plays because I believe
thats what my subscribers deserve. GLUU needs to break $3.10 today, if it doesnt
Ill consider moving on. A break of $3.10 should signal a new move into the $3.20
to $3.45 which is where Id like to get it before earnings next week. I still
maintain a close below $2.90 is our key to consider moving on but right now,
even in choppy markets its held that level. QPSA is up $.70 from my alert right
now but I think we can score more on this one. Im not recommending it here, but
willing to hold since our entry is so favorable at $2.95. I only have 3,000
shares but think this $10,000 be I made could double if the myYearbook news
hits. Current target is $5 based on that speculation, anything above is gravy.
Short interest is still high so itll be interesting to see what happens today.
WAVX is our technical channel play and weve executed our plan perfectly, not
easy to do when a stock is dipping but stick to the plan. When I first bought
3,000 shares at $2.61 I said Id be buying another 3,000 share off the bottom
trend line. Watch the video I did to understand why Im in this trade . If my
analysis is correct, buyers keep coming in on the major dips causing higher lows
and eventually a breakout above $3 which is my target. This is a classic
ascending triangle and as such should breakout above $3. Stop on this trade is
below $2.40 as that would signal a shift in the trend.

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