Thursday’s alert didn’t go as well as we expected, but as we noted it looked like 2 cents was the support, and once it fell through there it hurt its chances for the day. Now this is supposed to be a long term exposure campaign so it may come back, however, for our purposes we’re moving on to the next alert which should help put money in your pocket on Friday.
Friday’s alert is setup for a nice bounce.
It looks like it may be oversold here, and priced at a penny it won’t take much of a bounce to bring in some big gains.
The stock has shown the ability to make major moves in the recent past and looks like it could be setup for another one on Friday.
So let’s get right to it.
Our alert for Friday is Verde Media Group, Inc., VMGI
The stock closed Thursday at 1 cent.
VMGI produces, develops and distributes film and television productions.
VMGI is currently developing a couple documentaries for film, as well as a reality television program about mining called Cowboy Mining.
The projects look to have potential, and investors will surely see this but the reason we’re alerting it is because it looks setup to be a fun trade for Friday.
Classic bounce setup on a stock that has made some significant moves in the past.
Trading at a penny VMGI could really bring back some large percentage gains with only a few upticks.
Strap yourself in and be ready for a fun ride.
Make sure VMGI is on top of your watchlist Friday morning.
As always, do your own research, don’t chase gaps, use limit orders to enter positions, always use stop loss orders to protect your position, and take profits when you are in a position to do so.