We told you yesterday that we were going to start occasionally bringing you interesting ideas that have great short-term potential. Well, here's our first one for you to mull over - Nevada Gold Holdings (NGHI). Go look at a stock chart and you'll see that this stock started to explode yesterday out of nowhere. We've talked to several traders about it and we think there is a great chance this one is just getting started and goes higher.
We can't seem to find much info on this company right now, we just have our suspicions that something big is brewing. We find it hard to imagine that with the incredible trading yesterday there is not something gigantic around the corner.
From what we can tell, NGHI is not a bad little company at all. Click here and you can see their recent filings on the SEC website.
They seem to have a great operation, plenty of cash in the bank and an interesting business going on.
We could be wrong, but we think it is a good risk/reward right now. Just so you know, we have already bought shares in this stock and we plan to hold at least over the weekend and see how it goes. We're not socking it away as a long term investment, but we think this has a lot of short-term potential left.
So, we think you should keep this stock on your trading radar. Watch it and see how it does. Hopefully we'll be right on this and everyone can make a nice, quick profit.
We'll send you more details on this as we get them. Good luck!
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