08/30/2009 MDM PICK:
Hello all, as I told you in my last email, the Million Dollar March has officially been launched this evening! Our first pick for this week is SFIO.
SFIO released some very solid news after the bell on Friday. With the current price at 0.073 and support at .07 and .06, we are looking for a quick jump after this one breaks resistence at the 20 MA line of .08.
Based on the $1000 starting point suggested by MDM, and figuring the highest commission at 12.99 you should be looking to purchase roughly 13,520 ($1000-12.99 = $987.01. $987.01/0.073 = 13520) shares at 0.073. Figuring in the commission to buy and sell plus the 15% target, we are looking to exit at 0.0869... As always, feel free to perform your own DD on all stocks discussed in our newsletter, and always buy and sell at your discretion.
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As always, Happy Trading!
chris_in_ny in the chats