Good morning early birds.  Today we get the worm. I sent out an
alert last night on SGCA and said I was going to tell you how good the
technicals and chart setup are.  I’m also going to tell you how I think
a good way to play it would, in my opinion, be.  

 

I wrote last night that they came out with big news
after-market which should cause a big rush today and hopefully the
momentum will really boost SGCA and take us on a serious run.

 

They also have a great chart where, since we are the first newsletter
to cover it and the price hasn’t run up yet, we are just perfectly
bouncing off the support level and starting to climb higher.  This is a
GREAT bounce play.  Ground floor plays like this have worked really
well for us in the past, usually making us 30-50% gains or more.  SGCA
seems to have really strong support in the 30 cent range, and today it
closed at exactly 30 cents so I think we’re in somewhat of a safe zone
to buy in without too much risk.  As always, I don’t know that for sure
and anything can happen so trade with caution and use stop losses to
play it safe as well as protect your profits.

 

I’ve actually studied the chart for SGCA very extensively and I’m
going to do something I never do, and tell you where I think the best
place to put a stop would be.  If you look at their chart the recent
lows have been around 27 cents.  You could try putting a stop just
below that, at around 26 cents.  That will keep your downside very
small, and the upside on SGCA is huge.  I think it could easily run to
the mid 40′s or higher.  Around New Year’s and in January it traded
from the low to high 40′s.  If it hit the mid-range, 45 cents, that’d
be a 50% gain from where it is right now.  It may open a little higher
so your actual gains may be a few percent shy of that but the potential
profits are still very large compared to the downside.  

 

Now if you want to be VERY conservative you could put the stop at
28 cents.  The past 4 trading sessions, the lowest SGCA has traded was
29 cents, so that would be placing the stop just beneath that. That’d
limit your downside to only about 7%, but will allow you a little less
wiggle room and will make it more likely you’ll get stopped out of a
potentially profitable trade if there is any volatility.  With what I’d say is about a 50% upside, and a 7% downside, the trade makes a lot of sense.

 

Now you don’t need to wait for 50% profits to begin cashing in
some gains.  If you want to be conservative you can start ringing the
register at 10%, 20%, 30%…whatever you prefer.  Conservative traders
may miss some big runs, but booking profits is always the name of the
game.

I think the numbers (and the fact that we’re covering it first) make
this trade make more sense than any trade I’ve given you guys in a
while.  The downside is small and the upside is huge so I think this
will be one you won’t want to miss. 

 

The market will be open in under an hour so keep your nuclear
warhead launchers engaged directly on SGCA with your finger hovering
over the red button.

The Trader

 

 

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