Stocks poised for breakouts on good news
Listen to some research about what might be right around the corner for General Growth and American Capital.
Todd has made a lot of people a lot of money since he began both buying with his own hard-earned money and telling everyone who would listen to buy General Growth's stock when it fell to 49 cents last Spring. (Click 'Read More' below to see the video).
Todd says he thinks we might hear good news on GGP's bankruptcy hearing as soon as next Monday or Tuesday. He has updated people constantly throughout this story, and those who have been smart enough to listen and learn from him have done extremely well, as it is trading at $12.41 as I write this article.
Today, Todd tells us he thinks that there may also be good news for shareholders of American Capital Ltd (ACAS) very soon, and that the one remaining holdout in their case could possibly agree to terms soon.
This could be another big winner with huge profits for those who take the risk stock now. ACAS trades as I write this at around $3 per share and could rise quickly towards a more traditional trading range near its NAV of $7 a share -- if it in fact gets good news. Keep in mind that is an IF, not a WHEN.
Now, as always, you need to do your own research and judge the risk/reward potential for yourself and not trade these or anything else ever just on blind faith. There is nothing more risky than trading a stock in bankruptcy so keep that in mind before you think about putting the widows and orphans into a stock like these.
Todd is the best original researcher I have ever seen and he is transparent with what he does with his own money. I love someone who believes enough in their own research to put their money into it rather than those people who take a paycheck for telling you to do what they don't themselves. That is how I made 469% verified returns last year and I hope you learn to do the same with your hard-earned money.
You can see what I do with my own money and even have my model autotraded for you on Covestor Investment Management: http://cv.im/models/profile/douglas-estadt
Visit us also at Wall Street Media. We feature exclusive insights from leading investors I know and trust.
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The solid report comes a month after the retailer closed all of its Canadian operations.
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