IAAC Free Fall Shows Unique Opportunity
Keep a very close eye on International Assets Holding Corp (IAAC) tomorrow. The stock is down another 8% today, and is poised to trade down to its 200 day moving average, 200 DMA, tomorrow. The play is very simple, buy as close as you can or under the 200 DMA which is at $20.57, then place a tight stop, $19.80 should be sufficient. You will then get just grosse odds on your money, as the 200 DMA should hold up. And, if it does, the stock should move to atleast $24. Lets say you buy at $20.50, you have $.70 risk, for a $3.50 return, or 1 to 5 on your money conservatively speaking.
If you are really good at watching the technicals, watch the MACD and Oscillators closely, as there may be potential to pick up shares just underneath the 200 DMA. And, the closer you buy to $20, the better your odds are on your money.
