Why I love recent IPO J-hooks (8 trade ideas under $7)

Good morning, The IWM pulled back to $230 like we’ve been discussing it might, which is creating some serious discounts to already oversold stocks. I’ve run a new scan this morning and here’s some names I’m watching very close for J-hook entries. [See J-hook lesson if new to this pattern](. ABOS, CNVY, IFBD, FEMY, DAT, KLTR, MIRO, and DNAY. The way it works is my entry would be just above the recent low and then that becomes my stop loss. You’ll notice these are all recent IPOs too, something I love because I believe companies go into their IPO with a pipe of good news to release, which can make the bounces pretty big if I get lucky. Think about it, if you know your company is about to IPO, you’re getting an influx of money from the offering and probably have some plans on what to do with it. If the stock craters after the IPO, down 50%+ in a short period of time, defending the IPO price with any good news in the pipeline makes sense. This is why I love oversold IPOs. Not many come to market and then start announcing bad news, right? We’ll be stalking these trades for a while now, they all have really, really, juicy range to the upside and tight stops just below their recent lows. Jason Bond [Alternate text]( [Image] [Facebook]( [Twitter]( [Instagram]( [LinkedIn]( RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 [Unsubscribe from all RagingBull emails]( © Copyright 2020, RagingBull DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website, application or other service ("Services"), please review our full disclaimer located at [(. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Any RagingBull Service offered is for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation, or be relied upon as personalized investment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision. RESULTS PRESENTED NOT TYPICAL OR VERIFIED. RagingBull Services may contain information regarding the historical trading performance of RagingBull owners or employees, and/or testimonials of non-employees depicting profitability that are believed to be true based on the representations of the persons voluntarily providing the testimonial. However, subscribers' trading results have NOT been tracked or verified and past performance is not necessarily indicative of future results, and the results presented in this communication are NOT TYPICAL. Actual results will vary widely given a variety of factors such as experience, skill, risk mitigation practices, market dynamics and the amount of capital deployed. Investing in securities is speculative and carries a high degree of risk; you may lose some, all, or possibly more than your original investment. RAGINGBULL IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Neither RagingBull nor any of its owners or employees is registered as a securities broker-dealer, broker, investment advisor (IA), or IA representative with the U.S. Securities and Exchange Commission, any state securities regulatory authority, or any self-regulatory organization. Employees, owners, and other service providers of [RagingBull.com](, LLC are paid in whole or in part by commission based on their sales of Services to subscribers. WE MAY HOLD SECURITIES DISCUSSED. RagingBull has not been paid directly or indirectly by the issuer of any security mentioned in the Services. However, Ragingbull.com, LLC, its owners, and its employees may purchase, sell, or hold long or short positions in securities of the companies mentioned in this communication.