Big Wave Trading video lesson for Tuesday’s stock market session.
We have two new speculative long positions tonight. Technically, GIMO isn’t speculative as the EPS estimates for 2015 and 2016 are forecasted to rise 233% and 38% respectively. That being said, current numbers are not that hot and the stock sports an EPS rating of 33. Taking this into account with the upcoming earnings announcement in four days makes this a risky trade. That is why GIMO is going to be such a small add position. CARA is speculative but looks extremely coiled for a huge move higher. BOP has been max-green for 5 days and it was confirmed in my Price/Volume/BOP scan. Therefore, I am going to add to my original position. If the market decides to follow-through higher here, these two names could really outperform the general market. Still, both are risky and that is why I am investing accordingly.
Adding To My Existing Speculative Long Positions: GIMO CARA (0.5%)
GIMO
CARA
Sells:
100%: CALA VCEL – Fail, cutting losses.
