Friday's hot penny stocks

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Good morning,

Awesome wins on PEGY from $.07 - $.10 overnight and MNY from $2.40’s to $2.50’s. So far so good on PCSA, let’s see if it goes back for the $2.70’s. 

The focus from 7 - 10:30 am ET is opening range breakouts live streaming in the mothership. This is your news winners like BDRX this morning. 

Speaking of BDRX it’s in play above $1.20 or 50% fibonacci for a retest of the $1.70’s premarket high. I think this wants to see $2 soon and if it takes out that level, watch out, we might hit $3.

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 this weekend. 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. LQMT for example, who Apple invested $20M into years back, for exclusive rights to consumer electronics, is a firecracker. I’m in LQMT at $.09 and looking for an exit above $.10, ideally way higher on some sort of news with Apple or other big companies. Recently the CEO bought about 1M shares at these prices, so that’s a good backstop to my rationale. My view is one of these mornings I wake up and well, it’s way higher on news.

Another firecracker we should start considering is FNMA. 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 be in communication in the mothership, by email and a lot via the RagingBull APP. 

If you are not a paying subscriber you will stop getting these emails this weekend. If you want to get the alerts, get the firecrackers, get the chat room and do the challenge, it’s only $447 yearly right now. May 1 that jumps to about $1200 yearly. And for a limited time you can do lifetime for just $797. 

Click here to upgrade your membership, it’s go time in Jason Bond Picks. 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 that sounds exciting to you, subscribe here.

Jay

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