There has been no ticket-tape parade or rolling out of the red carpet on Wall Street today despite the S&P 500 tagging fresh 52-week peaks. There is still a little work to do before the intraday all-time day high is triggered and a second half of trading to go before we can say the S&P closed at an all-time high but the action is bullish heading into April as we wind down March and the first quarter.
There are a ton of stories to talk about, including a new IPO, but we want to focus on our Weekly Wrap for just a minute. It isn’t often we “pound the table” on a stock but every year we seem to find a diamond in the rough or an undiscovered company that has the potential to make you double or triple your money.
A few years ago we called Dendreon’s (DNDN, $4.79, up $0.03) move from $5 to $50 and we told you to get out once shares broke back below $40. We also recommended Imax ($27.11, up $0.39) at $3 just before 3D become big as shares zoomed past $30. Last year it was Arena Pharmaceuticals (ARNA, $8.18, down $0.13), a stock we profiled at $2 that ended up zooming to $13 last summer. We have used these “special situations” to recommend call options for our Daily that have returned our subscribers numerous high triple-digit returns of 100%, 200%, 300%, and even 400% or more.
Now, for 2013, we have another stock that is just above $4 that we feel will be trading at $8 by the end of the year and double-digits next year. We recommended the stock at $4.50 last February and since then shares have traded to a high of $4.90 and to a low of $2.18 since.
We said support should hold and as the company started to build-out its expansion plans, shares should return to our purchase price as momentum picks up for their store openings. Shares dipped to a low of $3.03 at the beginning of the month and we told our subscribers who weren’t in the position to start adding shares. We also said once shares broke $3.80 it could be off to the races. Shares closed at $3.80 on Monday, $4.02 on Tuesday and $4.22 yesterday. Today, shares have traded up to $4.40 after the company announced a deal to open up to 10 new locations in Florida this week. They have plans to open up to 75 company-owned restaurants over the next couple of years and their niche of food is some of the best in the industry.
This is a micro-cap stock with a market cap of just $35 million so the potential for shares to double based on its growth path is there. However, we have said shares can move into the double-digits over the next 12-18 months and now is the time to get on board.
As we have seen, this is becoming a stock picker’s market and if we could only choose one stock to invest in, this would be it. We believe this is one stock you can own throughout 2013 that will provide stable returns in what could be a volatile upcoming Spring and second quarter – and rest of the year.
From time-to-time we will discount the Weekly Wrap that has an amazing 2+year track record of 53-3. The newsletter aims for monthly double-digit returns and we have up to 4 more positions in April that will providing us with some sweet profits. For this undiscovered company, we are expecting a 100+% return like the one we got with Arena last year. This stock does not trade options but could at some point so in the meantime it will be a buy-and-hold situation.
We would like to offer you the chance to get in at the ground level so that you can get into this stock today or next week. If you want to sign-up today, we are offering over a 50% discount to our Weekly Wrap on a 3-month membership for only $129. This is less than $45 a month for a quality stock and option newsletter that has a history of finding explosive growth stocks. Our weekly market commentary comes with charts for all of the indexes and our current recommendations.
We are confident you will easily enjoy the newsletter and we have a lot of new things in store for the publication, including possible straddle and strangle options trades, as well as LEAP buying and shorting. We are also looking at trading the “mini” options for this publication as well.
To get this special deal, please use this coupon code and go here to subscribe:
Coupon Code: 6FBD9B74
Subscription Link (please associate with the 3-month Weekly Wrap subscription option:
Our next issue of the Weekly Wrap will be out Sunday night but if you signup now, you can access the Weekly Wrap Premium section to get all of our current trades. Again, we are 53-3 on closed trades since inception. For those of you looking for a little safety in up and down markets, this newsletter is for you.
As far as the market, the S&P 500 has reached new 52-week highs and is currently at 1,565, up 2 points, while the Dow is up 25 points to 14,551. The Nasdaq is higher by a point to 3,257.
We have a lot more to cover in our Members Area and we will be back Sunday night with the Weekly Wrap and Monday morning with the Daily as the market will be closed for Good Friday. There is a chance we send out a late day Profit Alert but if we don’t, have a great 3-day weekend everyone!