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As I mentioned, I think we will drop a few hundred points in the next few days. I was looking at UAUA options as the calls will be hitting their mark soon, but it never quite hit 20.00. I opted to look at another small cap that I watch.
I set BCON to buy at .44 - which is a break out. These stocks are not (so) influenced by large changes in the major indexes. This one has been due for a while, so it should do well. What worries me is if they make a public offering. For that reason I will have a stop on it.
I set BCON to buy at .44 - which is a break out. These stocks are not (so) influenced by large changes in the major indexes. This one has been due for a while, so it should do well. What worries me is if they make a public offering. For that reason I will have a stop on it.
Current Holdings
| Symbol | Security | Entry | Last | Change | Exit Plan |
|---|---|---|---|---|---|
| QTWW | Stock | 1.02 | 0.7586 | -0.2623 | N/A |
| BCON | Stock | 0.44 | 0.44 | +0.0 | Stop .37 |
I also plan to buy more if it drops near day's end or gaps down in the morning tomorrow. Also note that BCON will have a conference call Monday before the open. This could cause a fairly big move in price in either direction, but the sell stop will cover us to prevent any large scale losses.
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