Did You Double YOUR Money on Monday?
Last week on June 4 in Trade of the Day, I shared my thoughts on Party City (NYSE: PRTY) and how it was a great speculation at current levels (at the time) of around $1.40.
Here’s a refresher on what I wrote…
Party City shares currently trading around $1.40 is a speculation, pure and simple. It might be time to add some zing to your portfolio with a stock that can party like it’s 1999 again!
On Monday, June 8, the shares traded as high as $2.55. So no matter the price traders paid on June 5, they woke up Monday morning with a ton of profits!
How would you feel if I told you that you could have doubled your money if you bought shares?
You would currently be sitting on a free ride!
War Room members doubled their money on Monday. They bought the shares for less just by virtue of being in The War Room when I talked about Party City.
Check out what some members had to say about their profits…
“Once again Karim was right on with his sage advice. I was going to sell PRTY @ $2.00 but followed his suggestion to use a Trailing Stop. I set a Trailing Stop Limit at 20% and watched the price climb to $2.50. I just changed to a $.10 TSL and the price just shot up to $2.65 as I typed this. Out @ $2.64 for 129% profit. Thx Karim!” – Chris F., June 8 at 11:22 a.m.
“Sold 1/2 – 103% gain.” – Walston, June 8 at 11:25 a.m.
“Thank you Karim. Got in at $1.12 and sold at $2.39.” – Brenda H., June 8 at 11:26 a.m.
“Sold half for 104% profit.” – JC, June 8 at 11:37 a.m.
Some members even bought options and received even more profits. But the party is not over (pardon the pun). On June 12, the company will report earnings. More importantly, it will provide guidance. And if that guidance is good, we may see a $3 handle on the shares.
But if it’s not good, guess what?
We don’t care! Members are riding the shares free and clear and can wait forever for the company’s fortunes to turn around.
Action Plan: Plays like Party City can explode for profits at any time. And, while we love to share these plays with you here in Trade of the Day, it definitely pays to be in The War Room, where you receive information right away – in real time.
So don’t miss out on the next chance at profits like we made on Party City and join me in The War Room!
P.S. Tell us how YOU did on the Party City trade by dropping us a note at firstname.lastname@example.org
About Karim Rahemtulla
With more than 20 years of experience, Karim has mastered the subtle art of options trading. What we admire about him is his ability to score huge gains while minimizing the massive amount of risk that often comes with options. Beyond his expertise in options trading, he is also the author of the best-selling book Where in the World Should I Invest? He publishes weekly about smart speculation in his latest free e-letter, Trade of the Day.