Diary of A Day Trader© May 22, 2011 "Sunday Trading Preview for Next Week: More Bieber-Mania With OPMG"

May 22, 2011 2:51 PM ET

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Seeking Alpha Analyst Since 2011

Jon Slotnick is a freelance film, television, e-learning, medical and financial writer. As a self-taught stock analyst and trader who learned the Wall Street ropes as a way to supplement his income while penning TV shows and feature films, he currently provides stock analysis and alerts to several financial web-sites, and does freelance copywriting for TD Ameritrade. He has a B.A. in Sociology and a masters degree in journalism from UC Berkeley.

If you caught any of my blog posts of last week, you know I joined team Bieber-mania in a vain attempt to capitalize on penny stock OPMG's recently announced association with Justin Bieber. As it turns out, the news is very real, and Bieber now owns a nice chunk of this company.

If you don't believe me, read this:

http://www.bizjournals.com/southflorida/news/2011/05/18/justin-bieber-to-endorse-drive-safe.html

Can the same traders who loved lithium, and craved coffee pass up on the chance to benefit from Bieber? I think not. I'm seeing a parabolic move in this one at some point this week. The challenge is how much risk are you willing to take, and when will that break to the upside happen?

We'll see.

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