Friday, October 22, 2010

REE Puts and GS calls. RITT, LIVE, ZAGG

REE has been beaten down badly and it dropped to $9.75 below our predicted price of $10.50. Thanks to those folks who emailed to thank me for warning them about today's drop. I am glad that you got out of it in the morning session and bought some puts after you read my alert. REE puts are working out really well and the same with GS calls.

I wanted to alert you guys about LIVE a ultra micro float stock couple of days ago but I thought it would be too silly :) and also too risky. You will be amazed if you had seen the ride from $4.74 to $22.50 before it closed at $15. It just remembered me of DOTCOM era!! There was another stock that acted in similar fashion and that is CDTID, which ran from $4 to $13 on the same day. Okay let's not worry about the past, but here is the one that caught the attention of LOW FLOAT lovers at the day of the session and the stock is RITT (Float is 200K), Keep both your eyes on this guy because the buzz had already started and rumors are that people who were behind LIVE run are entering RITT and if I am not wrong this could POP like LIVE and CDTID tomorrow. If not $22, it could at least double.

I bought some RITT at the end of the day today 10/21 at $2.

Special Warning on RITT - Ultra low float stocks are always risky to enter them late or shorting them too early. You gotta be fast, smart and thoughtful when you deal with these beasts. Finally, tips are mine but risk/reward is yours.

I also added some ZAGG to my portfolio today. I bought it at $7.90 with a target of $12.

Good luck to all,

A general Caution and Advise -As I always advise in my posts, Do not chase stocks. please keep in mind that I am not a Stock Market Analyst or an Investment Adviser to count on my recommendations/alerts. As always please do your DD before investing or speculating, start with a small position, always keep your stop losses in place and emotions out. Finally thank me for your profits but do not blame me for your losses because you are the one who pulled the trigger!!!

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Who is Mr.Incredible?

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New Jersey, United States
Mr.Incredible is a Momentum/Technical Breakout player who trades small/micro cap plays and who saw a 600% Growth since 2006, Yes even in this down market. I am going to post my real trades (including profits/losses) soon...As a general caution and advice Please start with a small position and always keep your stop losses in place just in case....As usual Do your DD before investing. Thank me for your profits and don't blame me for your losses because you are the one who pulled the trigger!!!