MOJO Swing Trades - 11/4 - Updates on New Picks & Portfolio

Published: Mon, 11/04/13

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Monday November 4, 2013
Horse run

Hi MOJO Swing Trader,

Doing good right out of the gate today.

Run horsey run!!

The new picks and the watch list is pretty awesome today. If you followed the game plan on the stocks you liked then you are doing well.

New Picks First:

IG = long at $2.34 - last price $2.35 - high of day $2.35

EPAX = long at $4.05 - last price $4.13 - high of day $4.24

RAD = long at $5.28 - last price $5.38 - high of day $5.38

Watch List New Picks Second:

IRIX = long at $7.85 & 1,000 at $7.95 - last price $8.20 - high of day $8.24

due to the fact the stock is up so much on Friday ($1.47) I am not adding as a new pick. This is because the stock will be too volatile and the drops will be severe and the rise back just as fast. We would get stopped out too quickly. However, if this approaches the high of the day Friday and goes through $7.80 it may dip one time then surge to $8.00 and go to $9.00 or even $10.00. If this stock touches $7.85 MOJO has triggered a buy 1,000 shares an and another buy at $7.95 - to ride 2,000 shares a lot higher.

LIOX = long 1,000 at $4.85 - last price $5.20 - high of day $5.20

stock closed Friday on 1.3 million versus 291K - if goes above the high of $4.80 - play it to $5.25 easy (Maximize Sell Half there and raise trail stop for other half until it reverses)

LIOX = long 1,000 at $4.85 - last price $5.20 - high of day $5.20

stock closed Friday on 1.3 million versus 291K - if goes above the high of $4.80 - play it to $5.25 easy (Maximize Sell Half there and raise trail stop for other half until it reverses)

Other Watch List Stocks also doing well but have not bought any are: YGE, MSO, VTG, DRAD

Current Holding:

ADAT = $1.24 X $1.25 and holding

ABCD = $1.33 X $1.38 and holding with no volume today

DAIO = $2.97 X $3.07 and holding with 17,000 traded today

HILL =  $.2.76 $2.78 on 73,00 traded - NO WAY ARE WE SELLING THIS ON LIGHT VOLUME!!! They will take the stock and earnings come out and this makes a nice few day run before we kick ourselves for selling - so lowering the stop to $2.70 tentatively.

HUSA = $.26 with high of $.27

HTM = $.45 with high of $.47

DRWI = $1.35 X $1.36 and high of $1.41

VRNG = $2.81 X $2.82 and sold the November $3.00 calls for $.10 (Stock is Covered)

VXX = $12.65 X $12.66 and sold the November $13.00 calls for $.45 (Stock is Covered)

Thanks for reading, and profitable trading!

ProTrader Mike
email: info@mojodaytrading.com
website: http://www.mojodaytrading.com

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