3 hot penny stocks

Good morning,

If you don’t have access to the mothership and trade alerts on your phone, click here and subscribe. This group is going to be HUGE!

Strong start to the $25k challenge late last week winning 5 of 6 trades for $727 profit.

I did make one mistake, not taking the win PCSA Thursday night for a big win when it shot into the $2.70’s. I wasn’t at my computer and didn’t have a limit order set. Always a good idea to have one set at 5-20% in case that happens. 

CNDT has news out with Microsoft and is up 16% this morning and forming a breakout. The news looks ok but not “knock your socks off” in my opinion. The chart looks great though and if it can breakout here in the upper $3’s it sure looks like $5-$6 is next.

FNGR is a continuation chart pattern starting to trend and if it breaks $4 today I think $5-$6 is reasonable. It moved from around $2-$4 recently before retracement, so $6 makes sense on this $4 test.

VERU is a continuation pattern holding good support in the $1.20’s with upside to $1.80’s if this rest and retest works. The trend has been in place for a month so it’s pretty strong here and worth a good look. 

The focus from 7 - 10:30 am ET is opening range breakouts live streaming in the mothership. This is when news winners develop and if we catch the right move it can be big wins fast. 

The focus is on oversold (fish hook), continuation (bull flags) and breakouts (rockets) patterns. 

Core four will be the curriculum which I’ll start loading today. Then there will be an additional category with real-money trade recaps, both winning and losing, covering core topics like fibonacci.

Firecrackers are the long-term ideas I think will pop in the future. Right now the focus there is LQMT (which I’m already in at $.09) and FNMA headed into the election. Regarding LQMT, here’s an interesting Microsoft patent using bulk metallic glass for the hinge. I think it’s just a matter of time before LQMT pops above $.10. I’d like to see $.15-$.20 for the bulk of my shares unless I awake to a much bigger move on news, which I think is likely. For FNMA, which I plan to buy soon, here’s my thoughts. Trump is likely to win the election come November and he’s on a mission to decrease the size of the government. This time around I think he releases FNMA from the conservatorship, returning profits to shareholders, and FNMA gets off the OTC and back to NYSE. I’ll look to start building a position in FNMA ahead of the election. Right now I like it in the $1.30’s and as far as upside, it could be as high as the $20’s I think, maybe more, if it actually happens. The runup alone into the election should work too. Just look at how FNMA did back in November 2016 when Trump won. 

I’ll write up more detailed notes on both of these positions soon and post them to the firecracker channel in the dashboard. 

I’ll be in communication in the mothership, by email and a lot via the RagingBull APP. 

For hold times, everything but a firecracker could be closed the same day. 

And while I’ll hold a lot of stocks overnight, I won’t commit to that at the onset of the trade, because my goal is to find us a lot of stocks that will rip now, so we can get paid fast. 

If you don’t have access to the mothership and trade alerts on your phone, click here and subscribe. This group is going to be HUGE!

Eat, sleep & trade,

Jason Bond

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