Why VTRO was beaten down so bad recently? but why is it going to run up again?
Read this blog, click here. They have more information than I do. I believe that just short squeeze is going to take this stock back to $7 level.
Other updates - Bought BAC at $12, target price $12.75 to $13. I just broke my rules yesterday and bought DANG at $29.5, expecting $33 or $34 in tomorrow's morning session. Added more URG at $2.16. Added a ton of IRE at $2.55 and got out at $2.75 but still holding those core shares, which were bought at $1.49 and $1.75. I am still holding MTSL, ZGNX, SURG, and TIII
Regarding Uranium - The spot price is going to shoot through roof in the future due to the pent up demand by world nations particularly China and India, which just joined the club. The recent downtrend is due to correction and according to a report - "In the past week, buyer interest diminished and while purchases are still considered, parties looking to buy substantial quantities are exercising significant discretion. On the supplier side, prices are holding firm as near-term supply stocks have been reduced by the recent spate of buying activity."
India and France going to lift the Uranium prices, click here.
Buy as much as URG, URRE, UEC, and some other value uranium picks as you can. This is going to be like gold. I strongly believe that at some point the price of Uranium goes into parabolic trend and then we will see 50% or even more profit margins on these picks. Again before jumping on any recommendations, please do your DD and take your risk appetite into consideration.
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?
- 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!!!
dang running pre market. are u on aim?
ReplyDelete-Cash
Yes, I'm in DANG with target of $33. People who did't buy DANG say dang I missed it :). AIM - I traded it in the past but it's not on my favorite list now. good luck if you are holding it.
ReplyDeletelol no i meant aim messenger..
ReplyDeleteps i bought 300 (no equity) dang at 30, at 7:40pm last night lol
ReplyDelete-cash
:) I actually wanted to use Skype for instant messaging. I think it will be more effective. sold 500 DANG at 31 and holding the remaining. Sold half BAC at 12.35.
ReplyDeletehi mr incredible, price target of URRE? double from here in january 2011? thanks in advance.
ReplyDeletewhats your skype name? and what do u think of edap if anything? thanks
ReplyDeleteI traded EDAP in 2006 when it was around $7. I am not following it that actively so I can not comment. I have my personal Skype account but am planning to create one for our bloggers. I will send out the newsletter with details when it is ready.
ReplyDeleteI really like the uranium plays. After some reading I do like URRE the most. Even though I am scared of a little correction since it has run up from .38 to its current 3.48... I think I will pull the trigger and buy some here and see what happens.
ReplyDeleteI totally agree that UA92 is gonna be like gold. BTW, did anyone buy LEDS (New Chinese IPO), which we blogged yesterday? I entered it at $27 with a target price of $31. Sold the remaining DANG at $32.50 (bought at 29.50)
ReplyDeleteI didnt get in on any of them... do you think the runup on YOKU, LEDS and DANG are complete?
ReplyDeleteYOKU and DANG could lose their steam but I think you can make money out of their volatality. LEDS should run tomorrow. I was dead-on DANG and hope the same with LEDS.
ReplyDeletedo you think that is a good buy URRE at this price? 3.45?
ReplyDeleteJust got in LEDS at $26.2
ReplyDeleteGood but it's down little bit after hours. I think you will your price back tomorrow and when the new players jump in it will see some upside. I am targeting $30 but I might get out of it any moment I think it's enough :)
ReplyDeletedamn how bout edap?
ReplyDeleteyep missed it. let's wait for a pull back.
ReplyDeletebought leds 25.80. i have lots of edap. big vol spike, may be a approval? good stock lately. played a bunch.
ReplyDelete-Cashese
This is your site, you are TOTALLY INCREDIBLE.I am not trying to punp. Jest like this one. I thought this is your type of stock if it pulls back to 4-4.25 Great products
ReplyDeletehttp://moneycentral.msn.com/ownership?Symbol=edap
That was a great compliment! Thanks bud. I did trade EDAP in 2006 when it was at $7 but have not done anything with it since then. I could not wait till it pulls back :) so I just broke my rules again and bought a bunch at $4.71 after hours. I see a strong momentum building in this stock, which could drive it to $6.50 soon. I might consider averaging it at $4.25/$4.40.
ReplyDeleteGood luck and thanks for reminding me about EDAP.
i agree with you guys. ive been on it for 2 months, low floater. seems poised for approval. good move jmho. i bought it a few days ago 3.85 and more at 4.25. it could breakout. glta
ReplyDelete-cashese
bought some URRE at 3.51
ReplyDeleteHi Incredible - can you please post whenever you buy stocks, like when you bough DANG at 29.5 ? :)
ReplyDeletehi mr incredible, hope your skype account will be available soon, you are the one, in yahoo finance in the message board of VTRO I add link of your blog to make pubblicity, asd.
ReplyDeleteEDAP!!!! your welcome enjoy :)
ReplyDeleteCashese
i sold most of my edap at $5.25
ReplyDelete-cash
Hey Cash, thanks for the tip. I sold half of my EDAP position at $5.40 holdng the remaining..looks extreemely bullish. no rush to sell the remaining half.
ReplyDelete1.Just bought some YOKU at $39.50.
2. Sold LEDS for a small loss. I did not like the price action.
3. Added IRE at $2.70 and got out at $2.92. Added a ton of IRE at $2.70. Now it is at $2.80
Thank God I got outta YOKU at $38.8 for a small loss! Added EDAP at $4.90, BAC at $12.80, ISRG Jan 22 $260(In the money calls) at $13.20.
ReplyDeletemr incredible, do you still hold tii, jade and surg? your thoughts? if you dont mind
ReplyDeleteGot out of JADE at a price close to what I paid. Still holding TIII and SURG
ReplyDeleteWow... YOKU went from $50 to $34 in the blink of an eye. I also sold LEDS at a very slight loss after I saw the price action on YOKU Friday afternoon.
ReplyDeleteit's a bad news for URRE . today is -8%.
ReplyDeletehttp://finance.yahoo.com/news/Uranium-Resources-Inc-bw-2787019350.html?x=0&.v=1
i own urg . but im thinking a quickplay on urre? thoughts
ReplyDelete-Cash
bought urre 3.07
ReplyDeleteHi Cash - With URRE, it all depends how well insiders plan to sell their 950K shares. In my opinion there will not much upswing in the price until all those shares are sold out. When ever there is an uptick in the stock price, insiders start dumping their shares which will bring the stock price down.
ReplyDeleteI think it makes a lot of sense to go long on URG than URRE. Again it all depends on how well they organize the "sale event"
Today's actions -
ReplyDelete1. Sold all BAC at $12.75 - entered most of them at $12.11
2. Closed Citi Dec $4.50 strike price calls at .34 (these were bought at .08 as said in the blog)
3. Bought Citi Jan $5.00 strike price calls at .16
4. Sold some EDAP at $5 and bough them back at $4.8
5. Bought YOKU at $31.80 and sold at $32.25
6. Sold a small chunk of IRE at $2.89
7. Sold a small chunk of VTRO at $5.5 - It might go up but I wanted to reduce my holdings in it.
8. Bought CVOL at $66. I will explain about this new ETN in tonight's blog.
Sorry EDAP was sold at $5.25 (not $5). purchase price $4.75
ReplyDeleteout of edap 4.25 lol will buy tomm
ReplyDeletesold vtro at 4.50
sold surg $4.70
sold jade small loss $3.70
bought urre 3.04 its a million shares def comp over 1 year. 20 cent sl, try to get a bounce
bought hban for long term
-cash
URRE has support at 2.90. Will definitely see if it holds today. Short interest on the stock is practically nonexistent. The stock would be at $4+ if it wasn't for the executives planned stock sale.
ReplyDelete