HTZ - as long as it holds the June 20th $2.91 low, I have between Sep 19th and Nov 11th for it to get to $6.75-$9.25 range. With it being at $3.44 now, it's got a phenomenal R/R with stop at $2.90.. 54 cent per share risk and minimum $3.31 profit potential. That's potential of nearly 2x gain vs loss potential of 15%. Risk is 6x the loss potential. So buy the shares this week as long as its not falling hard (if it is, wait to see if it holds $2.91). If your broker allows it.. which they should, buy with an OCO order (instead of standard order) which means you set your limit buy around current price, set your stop at $2.90, and set your target at $6.75. Make sure order type on all of them is GTC (good to close). An OCO means the stop and sell targets are automatically placed once your buy order goes through, and either the stop or the sell hitting first triggers the other to cancel. Doing this means you can buy the stock and then just ignore it until you either lose 15% of what you spent or gain 96%. No maintenance no worries.
I take 100% of these types of trades that I spot. Winning 1 out of 6 of these would be a breakeven on all of them. Winning 2 out 6 similar trades and you are in the green on all of them. And if it gets close to $6.75 you can always change the target to the max target while adjusting the stop upward as a hard stop or changing it to a trailing stop.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)