Global Cash Access (GCA) is a Velez Wealth Play that has already delivered greater than 130% in gains for us, using my "Add and Reduce Method." Those who've followed along with this Facebook play are sure to be very pleased with both profitable runs in the stock. Our first run in GCA originated in the mid $4 range and ran to the mid $9 area. After some heavy proft-taking a a subsequent pullback, the second entry in this winner was initiated in the $5 area and as you can see, it is well on its way to the $9 area once again. Only this time, it is my strong belief that we break nicely above the $10 area. Over time, I believe GCA is poised to reach my ultimate target which is in the mid to high teens. At that time, I hope to double the current performance many times over.
For now, I'd like you to take a brief look at the chart above, noting the most recent buy action of mine (my 4th buy/add since the mid $5s). Like all others, this last buy was reported on Facebook last week. Tomorrow, I will record and post an educational video on GCA that will put you directly in the mindset that led to my most recent action.
I'm a firm believer that knowing the "what" is crucial, as you follow my plays. Knowing what I do and when is very important. Knowing the "why", however, will eventually make you the master whom others will one day learn from.
Stay tuned for the video tomorrow.
