Wow did you see MFI this morning?

Alerted in the $1.20's, it hit $3.60's so far

Author

Jason Bond
June 05, 2024

Back in 2011 I built penny stock empire because I worked very hard at becoming good at trading penny stocks.

Recently I told you I was going to try and do it again, demonstrating a real world case study on how I’d try to go about turning $25k into $1m trading nothing but penny stocks. We’re only a month in and it’s going well.

Whether you make a goal like I did or do not, it’s irrelevant. What’s important is that you learn, like from yesterday’s email about MFI. Which turned out to be a big win overnight.

Results not typical. Trading is hard. Nothing is guaranteed.

I’ve gone ahead and reposted (BELOW) yesterday afternoon’s email in case you missed it. Some will say my goal is unrealistic, that I’m trying to fly too close to the sun, but that’s just an opinion. I will say who knows if I’ll get there but I’m confident, also an opinion, but I must believe in myself.

Opinions aside, it’s a fact that I wrote and alerted this stock and bought it with my own real-money. And it’s a fact that it happened. I am good at this and I can teach you what I know, if you want to learn. And I know you do so LFG!

Watch out for more trade ideas midday.

Tuesday afternoon’s MFI email…

Subject line: MFI noticing odd price action

Good afternoon,

MFI is quietly creeping up the scanners today.

I’m always going through the top 20-30 stocks on the scanner looking for something others might be missing.

When I see a stock like MFI creep up 40% on only $2,100,000 in liquidity it tells me:

  1. No sellers so far

  2. Maybe someone knows something

Predicting news is not an edge in the market, but playing an oversold stock with lots of range to $2-$2.50 is. See this might be moving up on nothing more than short cover.

Or it could be moving up for the points made above.

It’s never easy to know but I’m always trying to stack odds and monitoring for what I call ‘floating up’ price action out of nowhere is definitely one of my skills as a trader.

Sometimes nothing comes from it. Other times I’m right and I get a big win.

I aim to find out on this one and you’ll notice me do this a lot.

Eat, sleep & trade,

Jason Bond

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