Did you happen to read my premarket watchlist yesterday that was sent to TIMalert subscribers around midnight (the night before the market open….just like every day)
You know from my trading success that I’m right about 80% of the time (although if useless/reality-ignoring agencies like the SEC are asked, past performance is not indicative of future returns), but TIMalert subscribers and DVD students know that despite my 720%+ return over the past 2 years and the fact that I did once turn $12,415 into $1.65 million in 4 years (yup, I’ve been around the block a few times), I am nowhere near a great trader.
Even when I spot something, I usually miss many, many great trades…
The good news is I am not a hedge fund manager, while I do trade for myself (and I suck less than 40,000+ traders/investors on Covestor), I am primarily a newsletter writer…so I don’t have to be a great trader, I just have to be good at preparing my TIMalert subscribers…and that’s exactly what I did on this play:
Vermillion Inc. (VRMLQ) announced after the market close that they raised $40+ million at $18+/share…very big positive, not sure how the stock will react, remember Sonic Solutions (SNIC) raised $30 million at $9.70 when the stock was trading at that level and then surged to $12+ in the next 3 days…VRMLQ might drop a bit to the 18-20 range, but I think the odds are better than this mammoth fundraise pushes the stock to 25+…potential buy
Check out how the stock did yesterday and notice how meaningful this PREDICTABLE breakout was (I bought and am up $1,000 or so so far)
Tags: Basics, Daily Stock Watchlist, VRMLQ
