Last week was very exciting with strong gains on all fronts.
We alerted URRE at 1.33 last week, and it exploded reaching as high as 2.02 (For a gain of 51%) however it backed down to 1.46 as of Friday. Our other play INVT also exploded hitting 1.63 (Up 10% from our alert). We recommend you keep these tickers on your watch-list as they have both fallen back to attractive buying levels.
This is why we concentrate on value small caps, as these giant gain swings are simply impossible to capture safely for the long term/retirement investor. This also shows why a carefully and intelligently managed swing trade portfolio can be so valuable to younger investors and traders who are more open to mild risk.
Forex Play
LONG EURUSD at 1.1
Technically strong buy indication. Although forex volume has been down heavily we see investors easing back into EURUSD for the time being as the pair remains stable over the next few weeks.
Stock Picks This Week
CLVS (Clovis Oncology) We've found some hidden value in a slightly larger small cap based on oncology. This biotech boasts a $900 million market cap and absurd institutional ownership (98%), and for good reason as CLVS just received news that the FDA has given priority review to one of their upcoming cancer treatment options. The market reacted very positively to this news and we see momentum carrying over past the $25 levels. This company traded around $100 on worse news just a year ago. As traders rediscover this undervalued company making the right moves to turn around share price we see a continual push upwards in the next few months and likely in the very long-term time-frames. We recommend waiting a while after market open and establishing a strong position if price holds at these interesting levels. Monday should be a good entry for growth throughout the week.
Buy recommendation under $23.00
Cryptocurrencies
Long NXT at 3700
Long DGB at 52
Continuing our same plays from last week, we saw an interruption in the bearish slide in NXT as manipulation runs wild. We anticipate bigger and bigger swings and volatility ultimately pushing NXT upwards past 4000 for good as big players scramble to secure a bigger ardor stake at these cheap prices. The snapshot period for ardor ends in late October.
DGB returns back to bargain levels at 52, and we imagine 49 is the hard floor that won't be passed any time soon.
XMR seems interesting as the dark net has adopted it as a safe currency to use over bitcoin due to more privacy features for transactions. XMR is up heavily since August 26th, over 100% from the news. We remain cautious and will wait for price to stabilize before establishing a position here.
No comments:
Post a Comment