Sep 29, 2009 Small Cap Stock Picks
It was somewhat of a hectic and stressful day as a trader which started out solid, ended up gettin worse, but as always i usually come through in the end on top. Our position in RODM which i bought for the Black Service portfolio yesterday @ 5.90 continued its run up today to close the session @ 6.38 after yesterdays breakout. This chart is looking primed for continuation as the lack luster market hasn’t seemed to phase the inner bull in this lad.
Small Cap Stock Pick – RODM
Small Cap Stock Pick – CIT
John Paulson mulls CIT and IndyMac merger: report
- On Tuesday September 29, 2009, 5:59 am
(Reuters) – Hedge fund manager John Paulson is considering merging troubled U.S. finance company CIT Group (NYSE:CIT – News) with failed mortgage lender IndyMac Federal Bank (Other OTC:IDMCQ.PK – News), the New York Post said, citing people familiar with the matter.
According to the paper, the merger, a plan floated by a number of CIT’s creditors including Paulson, is not part of any formal discussions between CIT and IndyMac.
The New York Post also said the plan of merger was one of several being discussed.
Paulson was part of the consortium that purchased IndyMac from the Federal Deposit Insurance Corp earlier in the year.
A merger between the two banks would diversify IndyMac’s portfolio from mortgages to commercial loans, since the CIT Group is one of the largest lenders to small and mid-sized businesses in the U.S, the paper added.
Representatives of CIT Group and John Paulson could not immediately be reached for comment outside regular U.S. business hours………………………………………………..
CIT really was a gut rencher today. This stock was hot on the move this morning after rumors of a possible merger with indymac were released and this was breaking out above an absolutely stunning ascending triangle pattern where i alerted the Black Service crew that i took a long position @ 1.87. Things were looking awesome as this was raging on volume headed towards 2 and continuing the breakout.
Then we got hit with this news and the stock rapidly sold off where i ended up selling for a loss as this looked like a complete fasle rumor thus a false breakout:
“CIT Group: Source: Paulson NOT In Talks To Merge CIT And Indymac — The Business Insider (1.81 +0.14) Joun Paulson is in no talks whatsoever to orchestrate a merger between CIT and IndyMac, a source close to the situation tells The Business Insider…”
But the rumors are still in play and the chart rallied once again to breakout of an intraday chart pattern where i initiated a day trade @ 1.88. Then as CIT began breaking above $2/share i knew it was on and i alerted the Black Service crew that i bought another position for the portfolio @ 2.05. CIT exploded into the close ending the day @ 2.20 where i’m holding this position over night. I took some big profits with my day trade and sold @ 2.18 from 1.88.
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Sep 24, 2009 Small Cap Stock Picks
September has been treating the Black Service trading team extremely well as we are currently sitting on our record monthly return! May 09′ we posted a 23% return for the month which up until now was our biggest monthly gain since I started this site back in April of 2006. As of today we are currently sitting on a +23.4% gain just inching above our record with about a week left in the month to try and bust past this current record.
Now this has only been with our swing trades that have posted this return. On a daily basis me and my crew of traders have been killing it day trading in our live chat room.( Note that i dont record my day trades in the performance) On the reg we make some insane day trades where we all have been profiting daily. A few of the big winners from today that we day traded were AONE, CHTP, and MTG.
Some other huge swing trades that we have banked on this month are well, Check out all the green on the screen here from our TRADE HISTORY LOG!
The market also is looking like it is ready for some profit taking so yesterday we picked up some short positions in SSW, SANM, and KFN which we all banked on today as well. The market put up a small fight towards the close but we capped the day with the general market selling. I still think we definitly have some downside potential here. But its a tough call to make as shorting this market has been suicide the past 5 months or so. But need to hedge and bet on both sides of the play when the time is right.
Sep 21, 2009 Small Cap Stock Picks
Life for me as a trader and my community of premium Black Service members continues to get better as the trading profits are rolling in big time. Again today we had a huge move on our position in AHR blowing up near 25% currently. This breakout above $1/share and resistance from early in August is setting us up for a huge move. Next resistance point for this stock is around 1.40 which poses a potential +60% profit on our already near +30% gain since our entry @ .87 last week
Small Cap Stock Picks:
Our position in Lehman Brothers (LEHMQ.PK) continues to perform exceptionally as well with it making another 14% move today and continuing to trend above the 13ema. Other Stocks like WAMUQ.PK blew up today as well. Black Service is long here @ .192
LGDI.OB had some profit taking today but we locked in some hefty gains from our entry @ .80 last week. I took my profits @ 1.02 and .99.
GTN was one of my day trades today that i metioned in the chat room yet was an unofficial stock pick. I picked up shares long @ 3.01 and sold @ 3.50. I frequently mention day trading opportunities live in the chat room everyday. ALong with a handful of other awesome day trading opportunities from some of our elite traders in the chat room
Sep 17, 2009 Small Cap Stock Picks
The profits just keep rolling in as we continually bank each and everyday here as Black Service is on FIRE these days. Black Service is our real time trade alerts program which is offered at a low price of just $99 for 3 months right now!
Small Cap stock Picks:
The day started out pretty sluggish with some of our stocks drooping but we ended the day with a serious bang! First off we alerted CHCI @ .925 in which in then ran to the 1.20′s shortly after. We took 1/2 profits @ 1.14 locking in a huge intraday gain. The Daily chart here is set up for a huge continuation into tomorrow but always need to be taking profits.
LEHMQ.PK also shaped up a beautiful set up today where Black Service members were alerted @ .192 of my entry on the verge of the .20 resistance breakout. Sure enough this broke out strong shortly after setting us up for a strong continuation into tomorrow.
Last but not least would took profits on our CVGI position today @ 6.94 from our 5.25 entry which banked us a huge 32% gain! All trades are alerted in real time in the chat room/txt message/ and email. Get your portfolio in the black and see why we are up over 1500% in the past 3 years! BLACK SERVICE
Sep 17, 2009 Small Cap Stock Picks
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The Black Service crew has been banking big in september especially after our latest 3 huge winners. First we had CVM blow up on us where we were able to lock in a quick and hefty +62% gain. Then hot out of the gates this morning KERX blows up nearly 50% and we locked in +40% of this profit where we sold @ 2.26 today. And last, but yes least, CVGI rallied hard into the close today to give us an open +23% on this trading position currently!
As most of you are obviously aware the site crashed and was down for pretty much todays whole session unfortunately. But those who are signed up with our real time text message trading alert system were still on point with my trades today. If you are a black service member and havent signed up for txt alerts yet i highly recommend signing up here .
members were happy to see the site back online. As was I!
Sep 14, 2009 Small Cap Stock Picks
CVM has been shaping up nicely since our entry into this position last week @ .735 for the Black Serice Portfolio which is up nearly 1500% since we started in April of 2006.
I alerted in the chat room earlier today that things could start shaking for CVM if we breakout above .79 on the intraday chart and sure enough this thing sky rocketed from .80 to high of 1.08!
I sent out real time alerts to the black service crew via txt message/email/live chat to take 1/2 profits off the table @ 1.05 and lock in this 43% gain.
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