Jason Bond Picks (Long Term Trading Portfolio) – Sold ANGI For +$6,420 on 10-Week Hold:
Jason Bond’s Long Term Trading service was created for busy professionals – individuals who simply don’t have enough time to monitor the market on a daily basis.
This service is focused on uncovering stocks with massive potential within the timespan of a few weeks to months. These particular plays are characterized by flexible entries and exits, and best of all, don’t require you to be chained to your computer all day.
This is a program you’ll want to check out if you’ve been asking yourself the following question: Is it Possible to Trade Around a Full-Time Job?
A Perfect Example of the Value This Program Provides For Busy Professionals:
If you think this ANGI trade is the only one Jason has nailed for a huge gain within the past six months, you’d be wrong.
Through years of experience and unmatched research, Jason is able to find monster winners time-and-time again: +25% on LQMT (2-month hold), +49% on FNMA (2-week hold), and +41% on ROX (1-month hold) – just to name a few.
|Check Out More Recent Winners in the Jason Bond Picks Swing Trading Portfolio|
Let’s go ahead and break down his watch list comments and alerts regarding the +$6,420 (55%) ANGI trade. Pay close attention to his comments in BLUE below. Boy, did he hit the nail on the head with this one…
Here’s Jason’s Exact Alert Explaining His Purchase of Angie’s List (ANGI) on 2/21/17:
ANGIE’S LIST (ANGI)
As I stated at the opening of the second half of this report, I bought 2,000 shares of ANGI at $5.84, Tuesday.
ANGI has been on a slide since the first week of September, after the stock reached a high of $10.76, then tumbled below its 52-week low, following Q4 earnings on February 15.
The company reported a fourth-quarter profit of $8.9 million, or $0.15 per share. Analysts expected $0.03 per share.
Now what?
Since management didn’t offer guidance for Q1, the talk on the street is Angie’s management believes Q1 will be another troubled quarter. Maybe so, but maybe not so. Memberships have surpassed five million, an approximately 50% rise from last year.
ANGI is one of those stocks I believe has been oversold due to the lack of guidance, which may suggest to some traders that the company is in serious trouble. Now trading at one-times revenue, I believe the stock suffers from another case of over-pessimism.
I also wouldn’t be surprised if Angie’s is sold. The company’s EV of $345 million is just barely more than its market capitalization of $326.27. Hmmm.
I’ve done pretty well with stocks whose management does a bad job of holding investors’ hands between quarterly results. There’s a when-in-doubt-bail-out attitude among amateur traders that has suited me just fine in many cases. I pick up stocks cheap.
My downside for ANGI is $5 per share, but my upside is $8.25, a 2.87:1 reward-to-risk ratio, with an announced buyout as my best-case scenario for ANGI.
After 10 Weeks, Jason Bond Cashed in +$6,420 (55%) on His ANGI Position:
After-hours on 5/1, news broke that Angie’s List Received a Buyout Bid at $8.50 for nearly $3.00 per share premium. Jason Bond cashed in his 2,000 shares in pre-market trading on 5/2 at $9.05 for a +$6,420 (55%) score.
The Takeaway – ANGI Was a Flexible Trade That ANYBODY Could’ve Followed:
This is a play that anybody could’ve entered at or near Jason Bond’s entry price of $5.84 for two months. Overall, this is what Jason Bond Picks Long Term Trading is all about. Slower-developing plays that create flexible entry & exit opportunities for busy professionals.
Are You Ready to Start Cashing in on Huge Opportunities in the Market Like LQMT, FNMA, ROX, and ANGI? Get Started Today.
Written by Matt Thomas (@MattThomasEST)
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Wow great trade! In Jason’s analysis he mentioned Q4 earnings reports but also paying attention to the charts. Are his trades picked by a combination of fundamental analysis as well as technical? And was he basically watching the price action to ascertain when to get in and out of a position? I know many traders use a combination of the two. Thanks!
Hi Christian – great question. When Jason makes short-term day or swing trades, which usually involve hold times of only 1-4 days or so, many of them are based almost entirely on technical analysis (charts and price action). When it comes to the longer-term trades like this particular ANGI one, for example, he’s planning on a hold time of a few weeks to a few months. Because of this, fundamental analysis increases in importance. Overall, he’s looking to pair quality catalysts with strong fundamentals and high-potential charts. The more indicators there are that the stock is undervalued, the better.
A 10 week hold sounds like a short term compared to the long term strategies I have heard about. The trading option here seems like great work for professionals to take hold of. I hear of radio programs and online opportunities to take hold of this I would say if passionate about making money and not procrastinating on something that makes money in any market it seems. Thanks for the help
Hi Andrew – you make a great point. Jason Bond offers a service called Long Term Trading, but it’s not your classic buy-and-hold for a year or longer approach that many people assume. It’s just longer than his typical day and swing trading hold times of roughly 1-4 days. As short-term traders, 10 weeks is a relatively long time to be holding a position in a stock. But that’s the type of flexibility most busy professionals need in order to take part in trading. Monitoring the market tick-by-tick simply isn’t an option for a lot of individuals. Overall, this type of longer-term trading with hold times of a few weeks to a few months is something I like to call a “Long Swing” approach. In the end, it shouldn’t be confused with a long-term investing strategy.