RPRX longs had an excellent day today. I added a ton at $2.70 in the pre-market today and my average price was $2.55. I unloaded most of my holdings between $3.55 and $4.45 for decent margins. I bought ACAD again at $1.26 this morning. This is going to be the next one to run up.
Technical Play - SHZ (China Shen Zhou Mining & Resources, Inc) is one of the Chinese Rare Metals play which started to attract the investors when it announced the amount of Fluorite deposits it is having and the profits it's going to make in the future, click here for full story. SHZ looks like a double edged sword, 1. It is in one of the hottest sector that is considered to be rare and 2. Technically it looks super bullish. Please take a look at the double bottom chart of SHZ below. In my opinion this stock will be be hitting $6.50 plus after couple of consolidation points, which I think is going to happen soon. We initially alerted our subscribers about SHZ on 10/19/2010 when it was trading at $2.20, but since there were some unknowns with this company and also we had better plays like REE and MCP we kind of overlooked SHZ but now it looks much stronger than in the past and I believe it is going to jump to new highs from here onwards.
Disclosure - Long RPRX, ACAD, and SHZ
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!!
- ► 2013 (33)
- Buy VSCP - Target $4 in 2011
- OSN - Chinese New Rare Earth Metal IPO
- Mind-blowing move from SHZ!!!
- CXZ - Ready to take off!
- Congrats if you made money on RPRX!
- Disclosure on RPRX and ACAD
- 2 Low Float Biotech Stocks set to take off
- CXZ - New Uranium Play
- CVOL for Volatility Lovers
- Update on VTRO and other stocks
- New Chinese IPOs - LEDS, TUDO, DANG, YOKU
- SURG - Looks like it is going to surge
- ZGNX - New IPO
- MTSL - The Beast is Unleashed!
- ▼ December (14)
Who is Mr.Incredible?
- 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!!!