MOJO Swing Trades - 11/15 - Morning Update

MOJO Swing Trades - 11/15 - Morning Update - FNMA & PRKR Trade Plays

Published: Fri, 11/15/13

Friday November 15, 2013

Hi MOJO Swing Trader,

FNMA was lower premarket - now it just popped on news and is trading $3.25 x $3.28 - shakka lakka. Grabbing 10,000 FNMA at the open $3.20 - $3.25, hopefully (already traded some just now from $3.30 to $3.37 - so wait for a dip.

I would like to get more as it goes higher, just like yesterday - would like to have another block today and sell it at the end of the day around $4.00 would be nice. Just keep it above $3.10

With the market at new highs money flow will not be spread out but move into particular stocks and they will be exaggerated with big volume. I will be looking for these opportunities today.

Another stock I do like is PRKR . We had this in the portfolio at $3.07 and sold at $3.27. Now, it's $3.76 X $3.80 - like a magnet to $4.00 - especially if we see continued volume. Yesterday, the volume was 3.4 million and rising day after day. We may see a short squeeze and pop to the $4.00 and above. Let's make a trade play in anticipation of the move to and through $4.00. Let's not marry this by any means and play it for one direction. MOJO will scale into 10,000 shares and will buy another 10,000 IF - IF - IF it gets to $3.90 to $3.95 plus - as it will roll to $4.00 if gets there. Let's make a couple thousand today!!

Thanks for reading, and profitable trading!

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

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