We wanted to send out a quick midday update to congratulate our readers who’ve been following FLST along with us since we first mentioned the stock on May 1st. At the time, FLST was trading at a low of .0045, and gave us short term opportunities for intraday gains.
We pronounced our interest in the play specifically pertaining to the tight share structure, which we pointed out, makes stocks susceptible to rapid moves up on relatively light buying pressure. Our diligence continues to be rewarded today, as the stock has once again made a move on the heels of a press release.
This morning, it reached a high of .0089, marking an overall move of 98% off the bottom that we observed only four sessions ago, so cheers to everyone who has turned a profit at FLST’s expense!
Petroleo Brasiliero S.A. (Petrobras) PBR – Options
PBR was off to the races today, once it broke its previous swing high of 14.87, ran up to a high of 15.40. It continues to fill in more of that gap we initially pointed out to 15.70 in our first mention of this play back in March.
As a result of this chart activity, PBR options have been set ablaze, already having produced potential gains ranging from 100-355% The PBR options chain has been a source of great excitement for us on a consistent basis since we came across it over a month ago.
The recovery of PBR stock off of its annual lows has been a goldmine for us, and as it reaches new highs off of that bottom, we will continue to pursue every possible avenue to profit!
