You have until Friday, September 11th to register for the 2-day Las Vegas PennyStocking conference October 18 and 19th, 2009 to receive a FREE instructional DVD package of your choice ($400+ value) & a DVD recording of the whole conference within a few weeks afterwards (that means you get 2 days of live instruction & 2 DVD packages to study afterwards…see details HERE. Most importantly, we’ve decided to webcast the conference live, so if you can’t make it to Vegas, you can get it all: access to the live conference, the conference instruction manual/outline and the 2 FREE DVD packages (the one of your choice and the recording of the conference itself) when you register for the 2-day conference pass
If you are a TIMalert subscriber, you know exactly why I bought 4,000 shares of Rodman & Renshaw Capital Group Inc. (RODM) at $4.65 on Friday, and held over the weekend, and you can probly imagine how good it feels for me to help TIMalert subscribers make $35,000+ on this perfect long trading setup (in my initial alert, all I said I wanted was $5.25, but depending on how this acts, I might stay a little longer….this chart pattern is fully explained in my PennyStocking Part Deux DVD package).
I also explain what I’m about to write on Friday’s LiveStock episode, but just so you guys actually learn what makes this a great setup to buy, here’s a little checklist:
1. Look at the chart, it’s a perrrrfect breakout above $4.65ish previous highs, on strong volume no resistance anywhere in site:
2. Look carefully at that chart, last time RODM broke out of a recent trading range on strong volume, was August 28th and the stock surged for 3 straight days on increasing volume, gaining 50%…if this breakout follows the same pattern, we’re looking at a $7 stock by Wednesday.
3. Just as I predicted on LiveStock, RDOM took out huuuuge sell orders at $4.95 and $5 to get all the way to $5.04, but last second selling pushed it down a bit to $4.93…$5 is a huuuuuge catalyst as it means institutions can buy…Diedrich Coffee, Inc. (DDRX), RINO International Corp. (RINO) and Caribou Coffee Co., Inc. (CBOU) are all fresh in institutions’ minds, reminding them that $1 stocks can easily jump to double digits when the momentum gets behind a hot sector.
4. There’s no hotter sector than the toxic financings in which RODM specializes…left and right, they’re pitching pathetic penny stocks who are only too happy to take advantage of recent market strength to do deals at discount prices (diluting/screwing naive shareholders) to raise cash and pay incompetent management greater sums for longer periods of time. If notoriously mismanaged companies like Hemispherx BioPharma, Inc. (HEB) and China Natural Gas, Inc. (CHNG) can raise $, hell, anyone can!
5. RODM’s annual sleazefest, aka conference, is September 9-11…to try and convince as many companies as possible to deals with them, they’re gonna announce as many deals and do everything possible to make themselves look good beforehand…perfect for me to sell into Tuesday or Wednesday as those who don’t understand just how sleazy RODM is are buying (sleaze is good in the short term, but as Enron shareholders found out the hard way, it doesn’t last)
6. Yes, I think RODM is run and staffed by scumbags right out of Boiler Room and their entire business model which includes telemarketing is scummy (yes, they once tried to telemarket to me…baaaad idea)…but as I always preach, most notably in my PennyStocking instructional DVDs, the worst companies can sometimes rise the fastest (check out SPNG as an example!)…RODM’s scummy business is hitting on all cylinders right now and while analysts expect 20 cents/share in earnings on 70% revenue growth, I wouldn’t be surprised to see 40-50 cents/share on 100% revenue growth…either way, the stock at $5 is very cheap, similar to DDRX before it ran to $20+ (but these market conditions gotta stick so RODM’s sleaze machine can continue to be perfectly greased).
7. You don’t even have to read points 1-6 because it’s me saying this stock will probly go up this week. That’s right, it’s cocky, but look at my trading track record…look at all the thousands of damn testimonials I have from happy TIMalert subscribers and PennyStocking DVD students….these patterns happen time and again, most without the right catalysts to make them as perfect as RODM…past performance is not indicative of future results is a statement for financial professionals. Look at my spelling and grammar, do I seem professional? No, and you know that it doesn’t matter–what matters is my stock picking ability and considering I put my $ where my mouth is, I’m still #1 out of 30,000+ traders on Covestor (as I have been for 2 years), my analysis is solid.
Posted in Breakouts