Rise Up Traders!
Big banks are hurting again, which means the obscure little trades can go WILD on even a tiny stream of feedback from those giant sell spots.
Money wants to move. And on days like this, it don't take a whole lot of liquidity to make OUR stocks go ballistic!
That's why I'm actually looking forward to seeing if North America Frac Sand Inc. (NAFS) can get back to its 3-digit win ways this morning.
We hit a home run here just last week so we're not exactly starving. But remember what a MULTI-BAG lersion looks like?
NAFS went from $0.05 to $0.25 back in December in a matter of DAYS. That's plenty of digits to go around, right there, one move.
The charm that time was the company's progress toward buying and developing a world-class frack sand deposit.
You see NAFS is jockeying to become a key player in the fracking sand business, which has been a $10 billion boom in the Midwest mostly.
Drillers need the right dirt to push down into the cracks in the shale. That dirt lets them suck the oil out for the first time in history.
When it was DRILL BABY DRILL time, they couldn't get enough sand. Lately, demand has tapered off to a steady little hum.
Anyhow NAFS wants its piece of that action. And when it started nudging around a world-class deposit of the sand, the market definitely applauded.
They've hired a geologist to start working it as of about a week ago. They're understandably EAGER to get moving after a few delays!
I'm eager too. Morning like this you stop the "Hail Janet" and start looking at the oddball "Hail Mary" plays you haven't tried in a while.
Sand is clearly depressed. After all, that's how NAFS got down to $0.08.
Look at that chart again. The price action and the 50-day line LOOK stacked up against each other, but that's just scale.
Those levels are really 40%-50% apart. Then you have the 200-day line many 3-digit levels up from there and so on and so forth.
So much pain on this chart from oil, commodities, you name it. Not really sure that's sustainable on a day when the market goes wild.
Maybe it moves today as traders hunt something tangible to park their portfolio in while they're waiting for the banks.
We've seen it happen! I want you watching NAFS today -- and jump on any opportunities you see!
Happy, Happy, Happy Trading!
~ Stock Commander
yourstockcommander@gmail.com
