We really enjoy trading stocks that are $10 and under. Often below $5 per share ... and even below $2 per share. We put time in researching these lower priced stocks for interesting opportunities. These are the stocks that can yield multiples of my original investment in relatively short periods of time.
Here's a look at a trade John is currently working on:
OCZ Technology Group Inc (OCZ)
OCZ Technology Group Inc (OCZ) - engages in the design, manufacture, and distribution of Solid-State Drives (SSD) and computer components. It specializes in high-speed memory in the enterprise and consumer SSD markets, a technology that competes with traditional rotating magnetic hard disk drives (HDDs).
This company has been getting quite a bit of activity lately given some well placed speculation that Solid State Drives are quickly reaching the mainstream markets. This is a technology shift that OCZ appears well positioned to capture. Traditionally the company was a leading high performance memory producer but they have been moving aggressively into the SSD space.
In the coming week we will be looking for a possible entry into this stock (below $10).
Good Trading!
John Tsucalas
Editor of $10 Trader
Dividend Trader -- by Dividend Trader Team
Our Dividend Trader service focuses solely on the "best of the best" dividend paying stocks. We trade these stocks for short-term gains and we will also buy these stocks for their powerful dividend producing income with a purpose to make capital gains as the stock increases in value.
With these trades we attempt to get in and get out quickly. Once we buy, we immediately set an exit point of 3% above the buy price. We have had great success in the past. In fact, we have put together a string of 61 positions in a row that have hit our 3% target subsequent to the buy alert!
While we titled this service a "trader" service, we also invest in these dividend-paying stocks from time to time for the long-term. We will buy these stocks for their powerful dividend producing income with a purpose to make capital gains as the stock increases in value.
Many of the stocks that we will be "investing" in have had a history of raising their dividends almost every year. Year after year. This can be powerful. Building up your dividend income in a tax deferred account such as an IRA can siginficantly boost your account over the years.
Feel free to sign-up for a free 30-day trial. During such time you can review our Trade Tables and see the type of stocks we are buying. You will also receive in real-time all the new trading and investing alerts we send during your trial period!
Here is a play from the Dividend Trader Team:
ABM Industries Incorporated Com (ABM)
Our Dividend Trader likes ABM Industries, Inc. (Ticker: ABM) for a new Trade position at its current price. We are watching several stocks and are looking forward to trading next week.
Have a great weekend and we'll trade next week.
Dividend Trader Team
