MOJO Swing Trade Newsletter - 12/16 EVI

MOJO Swing Trade Newsletter - 12/16 EVI - Important Update

Published: Mon, 12/16/13

Monday December 16, 2013

Hi MOJO Swing Traders,

Nice start of the morning - DGAZ sold first piece at $9.30 and second at $9.05 - shakka lakka

ABCD Learning (ABCD) - Model has not added any more today - stock is stable - not doing anything on low volume.

FreeSeas Inc. (FREE) - Stock made a nice move from the open and went thru the $1.5 to $1.40 and set a high of $1.42 before it stopped and reversed. With a big block trade that equals a nice move and nicer profit. Please sell into the runs as we may only get one or two shots at it. Especially with a lot of shares.

NEW PICK FROM THIS MORNING=

FreeSeas Inc. (FREE) - Volume pumper traded 158,000 premarket this morning and up $.10 - can test high of $1.65 and go higher - buy here an entry position 10,000 from $1.30 -$1.35 - and then buy #2 either higher or lower - Model will get 20,000 shares total. See Image #2

ADDING TO EVI=

EnviroStar (EVI) - MOJO cannot believe this has not found bottom - this is so oversold and from looking at level 2 I can tell these are stops here. So I am doing what called a BUMP TRADE. Which we have done successfully before. Model has 9,000 shares at $3.97 - Model will add 10,000 more here $2.80 -.85 - we looking for a move back over $3.00 - this could get us close to a breakeven if we score on this 10,000 shares and lose on the 9,000 higher. See what happens - market is a risk - willing to take a shot here with this one.

Thanks for watching, and profitable trading!

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

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