Edward Lance lorilla,
Headlines are saying we're on pace for the worst September in 10 years.
Makes it seem like there's only direction to be in these markets— short.
But yesterday, while most traders woke up to red, Jeff Williams bagged a big Weekend Wiretaps win.
How?
By capitalizing on market divergence.
See, no matter what direction the broader market is moving, there's always something worth being long on.
And that applies especially to Penny Stock Land—which JW hangs out in.
We see lots of stuff there moving independent of the overall market.
Like Onconova Therapeutics (ONTX).
On Friday, JW saw that it was the #1 most active stock under $1 that day.
It was up at least 15%, so it looked like a savory opportunity to go with the momentum.
No doubt, the stock had been beaten down by news of an unsuccessful drug trial.
But it had been consolidated into a rounded-bottom formation.
Investors had had time to reevaluate the stock and priced-in the failed clinical trials.
And that was just enough for a breakout...
Jeff proceeded to take initial profits on Monday in the pre-market.
And he scaled out of the remainder just fifteen minutes after the open.
Now, irregardless of what the market does over the next few days, JW is looking for stocks to be long on.
What specifically is he looking at right now?
Alternet Systems - ALYI
Strategic Asset Leasing - LEAS
AcelRx Pharmaceuticals - ACRX
Want to see how JW potentially rides one of these stocks in his next Weekend Wiretaps play?
Check out his Weekend Wiretaps trading service here.
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