BLUG up 56 percent in one day!
April 13th, 2010 | 
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Hey all, for the members of my list who were fortunate enough to get in on this one on time, BLUG has been a pretty powerful player thus far. If you managed to get yourself in early as I usually tell people to do, you could have walked away with a significant portion of the 56 percent gain Blugrass Incorporated made today! That would’ve been very nice, especially since James hasn’t released one of his own picks recently.
Why was I strong on this pick? Well, I actually had multiple alert services telling me about it, first off, which usually tells me there’s something bigger going on than can be attributed to one or two people’s theories. Second, this is an oil company and while they are hitting a 52 week low, oil is hitting a 52 week high, which can only continue for so long! Basically, this stock just appears to be at its psychological support level for a pretty serious turnaround, and if you’d have been a member of my list, you could have gotten in on the trade too!
Anyways, that’s all for this post, keep an eye out for some free trading videos I’ll be giving to my list members in the coming weeks!
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Eric,
This was such an awesome pick you had! I read up all the articles on yahoo finance and kept an eye on it all day. Now to catch this one, we had to have set a market order just pray that there’s not too many orders infront of us? If we were to set a limit order we would have risked the chance of never getting it filled since the trajectory was moving up all day and never really dipped down like our current PSP pick. Its so hard to judge what price limit to set to. I think to really benefit we would have had to get in last Friday. And also, most penny stocks stop trading around 4pm even before the market closes right? I’ve noticed that all activity stops at around that time. But anyway, this was definitely a great pick, thanks for notifying us. You are doing such a great job with your site!
Hey Jason.
I felt pretty confident throwing that one out to my list members. To be honest, I got it from some of my alert services that I subscribe to and normally don’t listen to a whole lot, but I did some of my own research on this pick and decided it would probably be a winner, so I sent it out to everyone.
That’s how I usually approach the trade. If you try and jump in with a market order early in the day, you have the best chance of grabbing a fill earlier than anyone else. Limit orders are a bit tricky for my tastes and the truth is, if you are long on something and it is preparing to pivot, you might as well grab the earliest price you can get as soon as you see it starting to turn around, which would be a market order.
All in all, this was definitely a solid pick. I’ll be sure to send you guys out any other good ones I come across from any of my alert services or my own research.