Wedn recap

We closed our swing trade in hott at the close for 7.50. A 4.16% gain on a 5 day hold bring our record on swing trades to 30-10 with 5 open trades.

In addition we added lps to our insider portfolio. I know we have it as a swing trade but the dynamics in the stock looked pretty good to me. First: The fundamentals of the stock are very solid. 2nd the reason the stock has been weak is there is a pending lawsuit against the company for giving out blanket appraisals on home loans. This in an of itself doesn’t bode well but when you combine it with the fact the CFO of the company just 2 days ago purchased 5000 share on the open market more then likely means the lawsuit is really not very significant. In any event it has been added to the insider portfolio and we will see how it plays out in 90 days or some good news hits and the stock shoots up.

Finally of significance our insider trade of cadc is showing a 43.4% profit in a week! There is no news I can see that has been moving the stock. And believe me I have looked:) So for now its a hold. As and when the good news hits and we get a big move to the upside…I will be planing on exiting the stock…or 90 days whichever comes first.

RickJ

Rickjshandicappingpicks.com

Twitter: rickjsportplays

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