Caught Sleeping: Tradestation
On November 4th, we brought your attention to a fast growing online brokerage whose shares we literally promised you were going to go higher:Shares are up 16% since we initiated coverage."It’s been a good year for companies that cater to active-traders. Customers that trade on intraday information - one-minute, five-minute and 10-minute charts - need strategies that trigger buy and sell orders throughout the day. Traditional online brokerages don’t always meet the needs of institutional and individual traders.
Fortunately, there is Tradestation (TRAD), which we feel is the best trading platform on the market right now. As of 3Q numbers, TRAD has over 20,000 clients; the company is growing on all fronts and booking more and more “smart money” big ticket investors. If TRAD can catch the attention of Wall Street’s big firms, contracts will pour in and hit TRAD’s bottom line like a ton of bricks. With the stock trading at $12, we’re issuing a buy rating and $17 price target.”
There are only 3 analysts following Tradestation -- this stock is poised to go higher should some more wake up and smell this still-in-gestation powerhouse.
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