Pick the Right Stocks: June 2020

So I want to share some

trader wisdom I've acquired

thru the years with you really

quick...

Last week, MRNA was the number

1 search term across America on Google.

NUMBER 1! Why? Well, it's a combination

of there being tons of new traders in the market

and the company announcing positive "news"

about their very young vaccine trial for the virus.

The stock opened up around $85 per share that morning,

a huge gap from the previous day's closing price of $67.

To the moon, right? WRONG.

This was a classic "bag job" by the company to suck in newbie

investors. Within 48 hours, the company announced a huge

dilutive offering of shares that has since pressured shares

down into the 51's.

All those who bought the hype last week? They've been

bagged. I'm sure many of them will hold the stock for

months, hoping that MRNA ends up being the co. that

discovers the best vaccine. We'll see how that works out

for them, but for now...they're bagholders.

I just wanted to share that with you today. :-)

So now you know what a "bag job" is.

Matt

Microcapmillionaires

MM Publishing Inc.

No.	Ticker	Company	Sector	Industry	Country	Market Cap	P/E	Price	Change	Volume
1	AAPL	Apple Inc.	Technology	Consumer Electronics	USA	1511.46B	27.57	351.73	0.00%	0
2	ACN	Accenture plc	Technology	Information Technology Services	Ireland	130.54B	26.36	202.93	0.00%	0
3	ALGN	Align Technology, Inc.	Healthcare	Medical Devices	USA	19.75B	11.09	264.61	0.00%	0
4	ENPH	Enphase Energy, Inc.	Technology	Solar	USA	5.61B	27.05	45.72	0.00%	0
5	FB	Facebook, Inc.	Communication Services	Internet Content & Information	USA	660.01B	33.95	235.94	0.00%	0
6	HON	Honeywell International Inc.	Industrials	Specialty Industrial Machinery	USA	103.26B	17.83	148.23	0.00%	0
7	LRCX	Lam Research Corporation	Technology	Semiconductor Equipment & Materials	USA	45.36B	22.64	314.80	0.00%	0
8	MCO	Moody's Corporation	Financial	Financial Data & Stock Exchanges	USA	49.86B	34.09	274.89	0.00%	0
9	MIDD	The Middleby Corporation	Industrials	Specialty Industrial Machinery	USA	4.39B	12.41	79.63	0.00%	0
10	SPGI	S&P Global Inc.	Financial	Financial Data & Stock Exchanges	USA	76.27B	34.12	326.81	0.00%	0

Monday, June 29, 2020