Let's start by talking about today's pick, OMVS.
We brought the company to your attention last night at $0.03 per share.
OVMS gapped up heavily this morning, eventually opening today's trading session +46.67% above our alert price at $0.044 per share.
The company continued upward as high as $0.049 per share for a realistic +11.36% gain.
This was followed by a slow and steady downtrend to and through our alert price of $0.03 per share.
There was just way too much downward pressure on OMVS today, and it did not offer the profit potential that our subscribers are accustomed to.
There are two important lessions to be learned from today's pick.
First off, it is never a good idea to chase a huge pre-market gap up in price.
Typically after a gap up, a stock will proceed to dip down to the previous day's closing price due to its prior shareholders cashing out profit, then it will turn around and move higher.
Sometimes the company will return to the intraday high price and continue its uptrend, but that is NOT always the case (as we witnessed today).
Second, we always recommend that our subscribers consistently set stop-loss orders after purchasing a stock.
If you set your stop-loss order for 10% below the purchase price, then you limit your loss to only 10%.
(If your online broker will not allow you to set a stop-loss order, then please use a basic limit order that is 10% below your purchase price.)
That's the beauty of a stop-loss order - it limits potential losses and it can even be used to protect your gains.
Our apologies go out to any of our subscribers that took a loss on today's alert.
There is, however, a silver lining to soften the blow from today's loser.
Our pick from March 16th, KIRI, hit a new 52-week high just a few minutes ago.
Over the last 7 months, the company has moved from our buy call of $0.25 all the way to $3.69 per share for an incredible +1,376% gain!
We plan on delivering more exciting quaduple-digit percent gainers, like KIRI, in the near future.
Our expert analysts are already hard at work looking for our next big winner.
We plan on making our decision shortly and releasing a fresh trade idea as early as tomorrow evening.
In the meantime, we ask that you get your online brokerage account setup, funded and ready for trading (if you haven't done so already).
