Tolits recommendation

I would like to give credit to trader Tolits’ recommendation.

He has been a great contributor in terms of useful comments, making me think more about my trade ideas and in the process saving alot of money from potential losses!

Here are Tolits’ most risky plays. They look pretty risky but have good rewards if they work out.

“It's better to buy SMT=Smart Technologies, it's cheap. A Canadian firm compete to CSCO. 3 months from now I make money again.

SMT @8.61
IRE @2.20
TSN @14.90
MOT @8.13, 7.83
HAVE FUN FOR THE DOWNSIDE.
NOTE: I JUST BOUGHT 500 SHARES OF EACH STOCK THAT I POSTED. IRE IS MY LONG TERM TRADE NOTHING TO LOSE JUST 1000 BUCKS HAVE A POTENTIAL TO REACH 100/SHARE.

 

DIANA SHIPPING (DSX) IS MY NEXT TRADE. JUST WANT CLEAR ENTRY POINT. PROBABLY BY FRIDAY AFTER THE BELL.”

 

Any trader can post a comment and recommend some trading ideas for us to play.

Here are some analysis of Trader tolits’ pick..

SMT

Chart looks real bad, SMT just had a breakaway downside gap. This is quite risky, but if you believe in gap closure, then this stock is a good upside gap closure play. However, breakaway gaps may not get closed in short term, it may take awhile.

IRE

 

Another gamble, the stock has not found its bottom.

 

But anyway, trader Tolits is only taking a bet. Even if these trades don’t work out, I don’t think it will hurt as they are just small bets.

And if it goes up in the long term, he will have some huge massive gains! What risk would you want to take on? Gamble on these stocks in the long term? It’s your choice.