LiteLink Technologies, Inc. (OTCMKTS:LLNKF)(CSE:LLT) – Update
This morning, we are taking another look back at LLNKF, a stock we provided our readers with a special report on just a few sessions ago, on Thursday.
In the following day’s report, we commented on LLNKF’s move from a low of .1157 on up to .197 (+70%), and explicitly stated: “we definitely want to be on the lookout for a possible continuation of momentum. We’ll look for this play to register higher highs and higher lows and continue this bullish uptrend.”
On Friday the stock increased its high by a slight margin, and yesterday, ramped up even further. This time, it hit a new high of .30, which marks a fantastic three-session upswing and total gain opportunity of 159% Yesterday’s performance came on the stock’s highest volume on record.
Anytime we see a stock double from our initial alert, it’s always a great idea to take risk out of the equation, by taking half of the investment off of the table. This way, we’re playing with the house’s money, and always in a position to where any further gains are pure profit. Another smart tactic is to use a mental stop-loss order at a key support level. Yesterday’s swing low of .1993 would be a good area to do just that. So for example, if the PPS drops below that key support, it might be a good idea to lock in the rest of our profits. These are just a couple tricks of the trade that we like to go by.
The TJX Companies. Inc. TJX - Fresh Options Idea
Also catching our attention this morning is the TJX chain, with the company producing favorable Q1 figures in this morning’s release. With a solid beat on earnings, and bolstered full year guidance, things are in good shape for a potential options trade here.
We’re going to place the TJX 06/21 $52.50-55 Calls on watch to correlate with the activity that we’re observing here in the premarket.
FCEL, PES, MTNB, SDRL, YUMA, CLRB, ENT, BLPH