On October 5th, before premarket trading, we released the most recent AVA Investment Analytics newsletter. Among the other topics covered was an in-depth analysis of previously profiled securities.
Mention was made of one security that looked like it could be ripe for a swing trade. Already, this security is up by about 60% since we profiled it in the June, newsletter (May 28), while the Dow is up by close to 17%.
Below is a passage from the most recent analysis in the newsletter:
"Others who do not have a position in *** might want to consider it. It would be best to wait and see whether it breaks below the support if you agree with my market forecast analysis, as the focus should be on cash. Short-term traders might have an opportunity for a swing trade on Monday, if the market and/or *** rises.”
As you can see, it did in fact deliver a very nice swing trade for those who were looking for this. From Monday Oct 5th, to Thursday Oct 8th, swing traders could have made up to 17% on *** depending on when you bought and sold it.
This is a security that Stathis has pushed for some time now. But the great news is that if the market holds current levels or close to it through 2009, this security could rise by an additional 60% to 70% based on his analysis.
Subscribers of the newsletter will be receiving an updated analysis of this security shortly.
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We cover market forecasting, economics, emerging markets, currencies, precious metals, securities analysis, asset management and trading. We also profile securities we like and Mr. Stathis tells you what he is buying and selling in his own personal account (some stocks are not mentioned if he deems them to be too risky for the average investor).
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