We’d like to update everyone on the status of one of this week’s successful picks. We first brought LWSP to our readers on Tuesdaymorning, at which time the stock opened up at .187.LWSP spent the next two sessions on the upswing, culminating in yesterday’s push to a new high of .33. That marks a three-day overall increase of 76%
Moving forward, we’ll need to see support hold at or above .21 in order for us to remain interested in LWSP.
Remember, per Tuesday’s PR, we’re waiting for an upcoming name and symbol change, expected to begin on May 16th. We’ll also be on the lookout for further updates from the company on its new direction in the e-cigarette and portable vaporizer market.
Triton Distribution Systems, Inc. TTDZ
For some of our newer readers, allow us to do a quick recap of how TTDZ has become one of 2014’s superstar picks for us. Beginning with our first alert on the stock on January 30th, we observed a low of .0012. and it has been pushing its upper boundaries ever since.
By the time mid-March rolled around, the stock had punched above .015, gaining well over 1200% from our first call, but the party was just getting started.
Flash forward to the present, and TTDZ has pressed its way all the way to an impressive high of .0385. Which means that in less than two months, we’ve seen a total increase of 3108% out of TTDZ.
This is another play that recently transitioned into the cannabis sector that has applied for a name and symbol change, and we expect to have an update on that within the next few weeks.
Petroleo Brasiliero SA (Petrobras) PBR
After picking up on PBR exactly two weeks ago today, we’ve seen some impressive trading action in that short time, especially with regard to the options chain.
Besides coming across this stock shortly after it hit all-time lows, and witnessing the start of one heck of a recovery, we also received news this week of PBR’s boosted production numbers from February, which were significantly higher than those of previous months.
Today we’ll be looking at the $13 and $13.50 Weekly Calls for possible intraday flip-opportunities. For those without the ability to stay glued to your screens all day, for longer-term possibilities, we’ve noted our interest in the May $12 Calls and the April $14 Calls.
In the event that PBR fails to hold support at or above the 13-dollar mark, we would have to reassess our opinions.