If you love trading as much as we do, you’ll agree that bounce plays can bring as much excitement as a SuperBowl game during a tie in the last final moments. You’re waiting for just that right moment as the stock is plummeting down because you want in at just the right time and BAM! It happens and you catch the ride of your life & hopefully, if done correctly a good increase in your profit. It’s risky, we won’t lie. But as everyone in this business knows – the greater the risk, the greater the reward. There are several opportunities out there for bounce plays. Here are a couple of stocks we are watching very closely for this purpose.
$ABK – we’ve been talking about this one a lot lately – and it’s no wonder why – if you got in when we first posted “Bounce this” you would have had a great opportunity for some gains assuming you made it out on time – because of course nothing goes up that high and sits there… However, we do have a new opportunity for another bounce play! We’re keeping our eyes very close on this one
$RPC – Another great example of an excellent bounce play that has left us with a new opportunity for another potential bottom play, they are diluting and it is pulling back the stock bounce. We’re watching this one closely as we don’t know if it’s hit it’s bottom yet, but when it does it will likely be at least a 10% jump.
Until next time, Happy Trading!