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This Week's Top 5 Trades
Snap was featured in Monday morning’s newsletter. Our entry price mentioned was $53.50, and the stock opened slightly above that, so we got it right at the open. The stock paused a bit on Wednesday and Thursday but never came close to our stop. Today the stock had a strong day, and we sold at the close for a five-day return of 17.9%
Overstock.com was featured in Tuesday morning’s newsletter. We listed our entry price of $79.50 and our target price of $95. Our entry was triggered on Tuesday, and our price target was hit today. No guesswork on this one. Four-day return of 19.4%
This was not this week’s top trade but definitely my favorite. I was slightly disappointed that our price target was not hit, but it was only $1.10 away, so we can’t complain. PENN was featured in Monday morning’s newsletter, and we gave a price target of $130. The stock did exactly as expected, and we sold it today at the close ($128.90) for a five-day return of 22.7%
Virgin Galactic was another trade featured in Monday’s newsletter. This one was a wild ride for sure. We bought it at the open Monday. It took off only to pullback almost all the way down to our entry the next day but never hit our stop loss. Two days later, it hit our $60 price target and boy, were we please to get out! Four-day return of 27.2%
Arcimoto Inc was not only this week’s top trade but also this week’s shortest trade!
This one was featured in Wednesday morning’s newsletter. We specifically mentioned this would only be a 3 -5 day swing trade for us, and it far exceeded our expectations in only 2 days. We bought this one Wednesday at the open and sold it the next day at the close for a two-day return of 34.2%