To OTC Journal Members: 
 

The Craziest Day Ever: MMED

Yesterday will go down in history as one of the weirdest ideas I've even shared. Complete unknown Midas Medici (MMED) did not cooperate with those who wanted a position in the stock.

Here's the problem. For the first time in my 23 year history of participating in small stocks, I found a situation where there were literally no sellers. Not one single shareholder wanted to sell a share of stock despite there being bids all over the place up to $4.

Apparently, no one wants to sell shares of a company that has never traded before at a $26 million market cap when the company is delivering over $50 million in revenues.

Eventually, this thing will start trading, and it could be one of those Mr. Toad's Wild Ride type stocks. With such a small float, moves of $1 to $2 one way or the other might not be uncommon.

This stock is worth owning. My idea on the stock remains the same. Place a limit order of up to $3.50, but make it a GTC (good till cancelled) limit order, and leave it in there. Let's hope we can get some fills, and this one could be off to the races. 

Coming Attractions

I'm working on the possibility of a Sunday idea. It appears one of our favorite tried and true ideas might have some noteworthy news. The last time I covered this one, it traded up a solid and tradable 25% in one day.

Stand by for a new/past idea in your inbox on Sunday for Monday trading. These Sunday newsletters have been working rather well. 

Past Idea Show Importance of GTC Sell Order

It happened again today, and there's a lesson to be learned. Do you remember past idea Juhl Wind (OTC BB: JUHL)? The stock went crazy again today for all the right reasons, and it bears up the importance of having a GTC Sell order in on your trades so you can take advantage of brief market moves higher.

Back on March 16th I published my first edition on JUHL. The stock was $1.10 at the time. Today, JUHL announced its first profitable quarter- delivering $2.8 million in profits on $6.59 million in revenues.

As you can see from the chart, the stock went mad- momentarily.

Here's my point. If owned this stock between say $1.10 and $1.20, and you have left a GTC limit order to sell at say- $1.55- you might have stepped away from the computer or been doing something else, and you would have been out on today's big updraft.

With those kinds of results, once it churns around a bit, this one likely headed for much higher levels. However-use all the trading tools you have to take advantage of brief market inefficiencies. It will pay off for you.

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