Welcome to a brand new week ball bags Monday is upon us, and that means it’s the start of the work week and the start of the weeks trading sessions, but most importantly you get entries from ME. Kicking it off right away we have Marvell opening last Monday at $40.56 per share, and closing last week Friday evening at $44.56 per share a plus $4.35 per share increase on the week, making me a nice profit on some trades. It was a steady rise throughout the week no big jumps or dips. My verdict: BUY.
Next on the docket we’ll take a look at Workhorse. Workhorse has been a favorite of mine just not for the passed two weeks. Almost identical to Marvell we saw Workhorse increase plus $4.18 per share on the week, but the journey was much different. Monday through Wednesday was a lot of nothing seeing as the stock price seemed to be stuck in place. Thursday saw the stock price flirting at a little over $25 per share, and Friday was the day Workhorse really took off to $26.75 per share on closing. The after hours market saw the stock price shoot up to $28.18 per share in an unexpected turn of events. I believe the retail market will jump at the chance to sell at this price resulting in a drop of the share price. My verdict: Sell.