Sunday, June 14, 2009

NSTR lottery ticket! (DELISTED)

Update: Stock being DELISTED dont' touch!!




Interesting chart, isn't it? The stock broke out above the $2 range on Friday-6/12 caught my attention. If that does not mean something, then I don't know what does. I'm not saying that this is a 100% LONG scenario. However, the rewards by far outweighs the risks. Let's say that the stock gaps down to $1 from here, that is nearly a 50% loss; but if you look at the up side from here ($7 - $8 range), that is a 250% to 300% gain. 50% loss vs. nearly 300% gain! I say that is a good bet.

But of course, do your own due diligence. There is a reason I titled this post as "lottery ticket". After all, isn't buying stocks is about taking calculated risks? You be the judge.

Disclosure : 5% LONG NSTR.

7 comments:

tony said...

i dont understand the company is suspended in june 22. that mean company is end, how long you would hold the stock?

The company (NASDAQ: NSTR), in a regulatory filing Monday, said it has notified the NASDAQ of its intent to delist common stock, and said it expects trading of its stock to be permanently suspended on June 22, with official delisting on July 2.

Tradermarket247 said...

TONY thanks for the heads up! Ya the 8k came out after hour yesterday! I guess i was right when i say lottery ticket! I'm not going to delete this post because it is important to keep a journal on your tradings. (if you do not have one should start one soon, just write whatever you want on there). Glad the stock didn't gap down today and also i have my position small on NSTR. Anyways Thanks again, I hope my other picks are helping you guys making money.

TMI247

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