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Hello fellow investors / traders,
I've been getting many queries on some recent picks, so I thought it best to email everyone rather than reply to them all individually.
ERNI
Yesterday I alerted you to ERNI, and
while it didn't fire (it gapped up too much), it gave us opportunities
to buy the dip at around $0.1550 - $0.1575, before closing at $0.1680.
Remember I told you in my email DO NOT CHASE any big gap ups, and in the context of a $0.15+ stock with a small average daily range, an 8% gap is pretty big.
Those who were able to buy the dip could be rewarded today though, as we think it could gap up again and run a little in the morning.
GYST
Many of you are asking about GYST. This one has been frustrating to say the least.
It has given us several spikes and opportunities to sell for a profit over the past few weeks.
But I am still very confident this has something more in it, so while
it's bouncing around within this range ($0.0015-$0.0020ish, I'm going to
stick with it a little longer to see if we can get the big move I have
been anticipating.
ENRT
I'm sure we all remember this pick wasn't one of my best.
I was dead right about predicting ENRT would "bounce", and do so in a very big way, but unfortunately I was a little off on my timing.
Check out the monster bounce ENRT (100% gains) has had over the past few days...
Unfortunately when I alerted, it still had some more downside before the predicted bounce higher.
So, the lesson? Always use stop losses (either hard stops or mental stops), stick to them, and live to fight another day so you can re-enter the trade.
You could have cut your losses at say, 10%, then entered the trading again later on and captured a 70-100% gain. The net result would have still been a big win.
I also have someone else on the cards later this morning. A company that just received some pretty big exposure, and I think it could start to make a run.
So make sure you check your emails just before the opening bell.
ShiznitStocks.com
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