PPJE - sub-penny! Continuation setup w/ catalyst
PPJE is setting up for a move higher if can break .0037. Towards the end of January the company will be having a court case in attempt to win a $5 million settlement.
You can read about that here. I believe this could cause a run-up into this event.
http://onlinetradersforum.com/attach...pje-jpg.16547/
Disclosure: I own a small position at .0021 and will be selling into any run.
I'm gonna pick this up at .0027. Gotta take a chance
I wouldn't play unless you like gambling. It's like throwing a couple hundred bucks at the roulette table. You could lose it all or win a ton. We'll see. I just have a small position that I'm willing to let trade out. .0037 is big breakout point, but it was not quite ready yet.
Finally on the move today. Needs .0037 breakout to get a serious run.
Closed up to .0048! Ideally gap and run the morning and will take some profits off while trying to let some run.