Black Service banks +15% on GSAT and +12% Shorting TSTR in 2 Days!
Jun 24, 2009 Small Cap Stock Picks
Black Service closed out of another 2 awesome trades today where we banked some solid profits in just 2 trading sessions.
First stock was GSAT where i alerted the crew that i took a long position @ 1.05 near the $1 support area after it made a huge sell off. I expected price to jump quickly from to 1.15-1.20 or so. Today price broke out of its intraday resistance and rallied strong where we banked in our profits near the highs at 1.205

Second stock pick was TSTR where we went short @ 1.66 as price had just formed a bearish shooting star candle near resistance around $2/share. This indicated a short term reversal in price action and was verified by that days sell-off. I saw more downside potential in this as the bearish head and shoulders/descending triangle pattern looked like it wanted to breakdown. I stated i was looking for a possible gap fill and to take profits around the 1.40′s. TSTR sold off quickly in the morning to the 1.40′s where i alerted i covered this position in real time in the chat room @ 1.48 for a solid 12% gain!















