Good morning my darlings!
I hope that you all had a fantastico weekend! I know I did, but you know what they say, “There’s no rest for the wicked.”, and your Senorita couldn’t rest until she found 3 wicked stocks for you to feast your eyes upon.
If you haven’t been in the loop lately, or if the stinginess of the market has kept you away from trading, you might not have noticed that the ”Q” stocks have gone wild.
“Senorita, what is a Q stock?”
Well mi amors, a stock that ends with the letter Q means that the company is in bankruptcy.
“Why would I want to even look at, nevermind buy a stock that is bankrupt?”
Just because a company is in bankruptcy does not mean that all is lost. These companies tend to stay in bankruptcy for years while getting their shit in order, and then come out with a clean slate and smelling like roses. Bankruptcy is not the end of the world, whether it’s personal or business related.
MUY IMPORTANTO! DO NOT BUY ANYTHING UNTIL YOU READ THIS. All of the Q stocks profiled are extremely volatile. I mean it, these stocks will eat your breakfast, lunch, and dinner and then kick your dog on the way out, if you are not careful. However, if you can stomach the rollercoaster rides that these stocks will put you through, and if you like a challenge, then roach on guys.
First up we have GACFQ ( Global Aircraft Solutions ). Back in November of 2009, GACFQ received a court approved plan to emerge from chapter 11 bankruptcy, and with the new name Ascent Aviation. Like a phoenix ascending from the ashes, m i rite? The company continues to operate out of Tucson international airport, doing heavy line maintenance on (do I really have to say what the company fixes?), airliners. Weeeeeeeeee, they fix da planes boss! Da planes!
Support for this baby comes in at .0025, and resistance lies ahead at .0055. This one set a brand new 52 week high during Friday’s power hour, and the volume was a record buster. With an O/S of around 41 million this one moves easily, and is a must watch stock imo.
Next up we have MODTQ ( Modtech holdings ). The rumors surrounding this roachy dog, is that they are being acquired by Global Modular which trades on the OTCs under the ticker GDIV. Take that for what it’s worth but the trading action on MODTQ just screams, “Flip this shit!” to me.
Support comes in at .015 and resistance lies ahead at .045. So there should be ample opportunity to flip in and out of this one, just remember to keep your level 2s up to find the choice entry and exit points.
Finally we have the underdog EOPIQ ( Eco2 Plastics Inc. ). This triple zero treat has been gaining some steam with the recent Q craze, as traders rush to find the next QSGIQ (QSGIQ btw is THE Q stock that started it all). Eco2 was a part of the hazardous waste management industry, and they filed for chapter 11 bankruptcy back in July of 2010. Not much else is currently known about any court proceedings, plans to emerge from bankruptcy, or if the company even exists anymore. It is rumored to be a shell that is ready for a merger. Well aren’t they all…..
This one is purely a technical play. With an attractive float for a tripo stock, around 292.5 million free floating, and another record volume buster that slammed through 2 major resistance levels during Friday’s trading, it’s worth a watch. The RSI is just pecking at the magic 70s on the daily, and I’m calling EL TORO on the MACD divergence.
Support comes in at .0003 and resistance lies ahead at .0007.
That wraps up Senorita’s triple play Monday. See ya later.