$SRTH. Alert on this play received today
Hi All,
I hope you all had a lovely Thanksgiving! STRH closed today at 5 cents, up from our initial alert last Thursday Nov 15th at 3 cents per share. I trust most of you who have been subscribers since early this week have positioned yourselves in the high .03's to mid .04's as we suggested. For new subscribers who joined us in the past few days, I attempted to stay on top of those who joined to get you up to speed, but definitely missed some of you due to the holiday.
Unfortunately, I think the window to buy shares pre promo has closed as of today. So, we aren't recommending new purchases because I'm looking for 2 email lists on Monday that are pretty responsive to go out recommending Star8, 2 Tuesday, and more Wed-Thursday of next week in week one of three of this awareness campaign. However, what may occur, to create another chance to buy under our max purchase price of 5 cents, is a pullback after an initial surge Monday. Stocks are stocks and this stock has traded well but the RSI is around 80 so if it goes up Monday to 90 or so, a pullback should occur.
The question is from what level and that will be based on how the investors who receive the new recommendation react. Frankly, I would be surprised if we didn't see news on Monday to kick things off and, like I insinuated before, if it's a forecast of the numbers I was told they are looking for in Q4($2.5MM revenues) and 2013 (up to $30MM), it could go higher than not out of the gate. Many companies that are promoted put out fluff, but this deal actually has a growing business and fundamentals that can lay a foundation and support a sustained a move over 10 cents in the weeks ahead.
So, if we see a move to/over 6 cents early Monday then a pullback starts, you could throw in bids at .045-.047 to see if you get hit. That would be a healthy correction and based on the schedule of promo, it may be a super brief flush, then resume its climb. That said, don't chase this thing! And as a reminder, I believe it's a healthy strategy to sell about half of your position close to a double to get principal risk out as soon as possible. If you bought 100,000 shares at 4 cents, perhaps put 30k to sell at .072 and 20k at .077, which isn't quite a double, but takes most of your risk out nonetheless.
I typically just put GTC cancel sell limits in on these penny stocks so I get filled on the way up and don't have to micro manage my position. For those of you who missed this one or are just watching to see how our first one goes, fret not, we will have another stock in one to two weeks that is similar, but I think actually has more upside than STRH. It also won't be a 2-3 week hold, it may take 6-10 weeks due to the holiday pause, but could also realistically go from 5-7 cents to 30 plus cents in that time frame with fundamentals to support it. STRH has a good story, but I will be out of my entire position by Dec 15th guaranteed.
Enjoy your weekend and we'll touch base next week as trading activity merits. So far, I think we all are positioned nicely with no one acting idiotic and running market orders etc.....nice job.
Cheers,
Sherlock
Hi All,
I hope you all had a lovely Thanksgiving! STRH closed today at 5 cents, up from our initial alert last Thursday Nov 15th at 3 cents per share. I trust most of you who have been subscribers since early this week have positioned yourselves in the high .03's to mid .04's as we suggested. For new subscribers who joined us in the past few days, I attempted to stay on top of those who joined to get you up to speed, but definitely missed some of you due to the holiday.
Unfortunately, I think the window to buy shares pre promo has closed as of today. So, we aren't recommending new purchases because I'm looking for 2 email lists on Monday that are pretty responsive to go out recommending Star8, 2 Tuesday, and more Wed-Thursday of next week in week one of three of this awareness campaign. However, what may occur, to create another chance to buy under our max purchase price of 5 cents, is a pullback after an initial surge Monday. Stocks are stocks and this stock has traded well but the RSI is around 80 so if it goes up Monday to 90 or so, a pullback should occur.
The question is from what level and that will be based on how the investors who receive the new recommendation react. Frankly, I would be surprised if we didn't see news on Monday to kick things off and, like I insinuated before, if it's a forecast of the numbers I was told they are looking for in Q4($2.5MM revenues) and 2013 (up to $30MM), it could go higher than not out of the gate. Many companies that are promoted put out fluff, but this deal actually has a growing business and fundamentals that can lay a foundation and support a sustained a move over 10 cents in the weeks ahead.
So, if we see a move to/over 6 cents early Monday then a pullback starts, you could throw in bids at .045-.047 to see if you get hit. That would be a healthy correction and based on the schedule of promo, it may be a super brief flush, then resume its climb. That said, don't chase this thing! And as a reminder, I believe it's a healthy strategy to sell about half of your position close to a double to get principal risk out as soon as possible. If you bought 100,000 shares at 4 cents, perhaps put 30k to sell at .072 and 20k at .077, which isn't quite a double, but takes most of your risk out nonetheless.
I typically just put GTC cancel sell limits in on these penny stocks so I get filled on the way up and don't have to micro manage my position. For those of you who missed this one or are just watching to see how our first one goes, fret not, we will have another stock in one to two weeks that is similar, but I think actually has more upside than STRH. It also won't be a 2-3 week hold, it may take 6-10 weeks due to the holiday pause, but could also realistically go from 5-7 cents to 30 plus cents in that time frame with fundamentals to support it. STRH has a good story, but I will be out of my entire position by Dec 15th guaranteed.
Enjoy your weekend and we'll touch base next week as trading activity merits. So far, I think we all are positioned nicely with no one acting idiotic and running market orders etc.....nice job.
Cheers,
Sherlock
