We have a New Trade for our Weekly Wrap on a stock we feel can double over the next 6-12 months. Shares are just under $7 and we are expecting a quick run to double-digits and then a possible push to $12-$14 by February 2014.
We are also recommending a LEAP call option trade on the stock that could be even more explosive if our price targets are reached. The options are currently at 50 cents and a 10 contract trade would cost $500, or 1 contract would cost just $50. If shares reach $12 the options will be worth at least $2. The return would be 300%.
A 10 contract trade would turn $500 into $2,000 while 1 contract would zoom from $50 to a value of $200.
Subscribers, hit the Weekly Wrap Premium section for the New Trades.
Our Weekly Wrap is 40-4 for the year and 84-6, overall. If you are not a subscriber, come check us out and get on board!