Today’s trade is XXII!

Buy Zone: Under $1.25

Goal: $1.40 or higher

Stop: .90

My reasoning: The company will be having an FDA Panel in February to discuss their reduced-risk cigarette. If the FDA sides in their favor, this should be a billion dollar opportunity for them. Additionally, shares are oversold because people thought that there was no way the FDA was going to side with them! Bottom reversal setup!

Remember: Try to get the lowest price you can. That might mean that you don’t jump in right away. The panel for this one is in February. So plenty of time on this idea. I will be adding it to my FDA Insider watch list as well later today and will likely play it several times in that service.

I will update you tomorrow again on the trade, and again on Monday – so we will be working together!

Cheers,

Kyle