Big Wave Trading video lesson for Thursday.
My apologies but tonight’s video is a little over 10 minutes as we have a lot of new long positions and possible buy stop positions. On top of that, there are other stocks that I have to review with everyone as we are seeing some crazy moves in a lot of stocks I have completely blown it on. We also have another speculative long position. BUYER BEWARE!!! I am personally doing horrible at these lately but I am a stubborn son of a bitch and refuse to be sullied by these trades. The good news about this trade is that it is very liquid, is part of a group that has a current Group RS rating of 99, and is undergoing some huge EPS growth (despite the lack of sales growth) with big EPS estimates for 2015 and 2016. This stock, just like our new failure QTNT, offers up a great reward to extremely tiny risk ratio.
New Speculative Long Position: STM (1%)
STM – Final cut loss levels: 9.30, 9.26, 9.15, and 9.11.
Speculative Sells:
100%: QTNT – Fail, cutting losses.
