Waazzzuppp???  Haha, do people still say that?  I don’t think they do.  Oh well.  So how’d we do today? 

 

Well…we did okay.  HDUP didn’t do cartwheels or anything.  It
actually broke even on the day, closing at the same price it did
yesterday.  My prior alert, MBA has been doing well, making moves upwards for two days in a row. 
It’s up about 7% in two days.  MBA is an AMEX company.  AMEX listed
companies aren’t usually as volatile and don’t typically make the huge
moves like the OTC and pink sheet companies.  They don’t usually
skyrocket 50% in a day or two, but they also don’t normally crash
either so I’m glad to see it’s holding up well.  I still think it’s
going to take a few months for MBA to really make the huge move that
I’m expecting.  I expect it to be a $2 or $3 company eventually, but I
have always said it was a long term pick so I wasn’t expecting an
overnight miracle.  Definitely keep your eyes on it.

 

Sorry, went off on a tangent there.  Back to HDUP.  HDUP saw HUGE volume today.  HDUP traded the biggest volume that it has all year. 
Maybe I’m putting a positive spin on it, but I think HDUP showed
strength today.  Why?  I told you guys about how this was an identical
chart setup to what HDUP did at the end of 2009/beginning of 2010. 
Last time after HDUP closed at 11 cents, the next day it closed down at
9 cents. Today, unlike last time, HDUP held it’s big move from
yesterday and closed at 11 cents again…showing more strength than
last time.

 

I’m sure a lot of people (as is wise to do) took profits on the
big move from yesterday.  Despite all that profit taking, HDUP didn’t
close down for the day.  Last time HDUP made a big move to 15 cents a
few days after it traded over 700k shares and closed at 11 cents, so
I’m expecting another big move over the next few days.  

 

Now last time HDUP closed as low as 9 cents before springing up to
hit a high of 15 cents.  Hopefully HDUP will not repeat that pattern
and will just continue to move upwards without taking the dip.  If it
does take a dip, that may be a cheap entry point for you to get in at
before the big move.  Now keep this in mind, IF HDUP does take a dip
(which it may or may not do), there is no guarantee it’s going to
bounce back up to 15 cents again like last time.  I don’t see why it
won’t, it did it last time and the company has been issuing stronger
news now than ever…so I think it will, but use caution and use your
own discretion.

If you’re investing in HDUP long-term, this doesn’t really apply to
you.  From the research I’ve seen and what I’ve heard, HDUP seems like
a solid long-term company.  If you’re a quick term trader, I think we
have a lot of potential but you should really use extra caution.  Watch
the first part of the day tomorrow closely.  If HDUP starts to take off
I think we’re golden, it it performs poorly early in the morning, then
use your own discretion on entering HDUP at a lower price and hoping
for another move towards 15 cents.

My personal view is that HDUP will hit 14 or 15 cents within a week or
so.  Remember to take profits when HDUP is up and to use a stop loss in
case the trade turns against you.  If you follow my rules, there is no
excuse for ever letting a quick term trade go too far against you. 
Minimize losers, cash in on winners, and you’ll do just fine ; ) 

 

Goodnight,

 

 

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