Taylor Conway, lead day trader at PennyPro.com, says that Hurricane Harvey hasn’t damaged everything, and while he lives in Houston and has seen the weather devastation firsthand, he believes it will deliver a significant upside for Goldfield Corp. (GV), a company that helps rebuild power and communication lines and that makes no bones that it profits from disasters and troubling times. Conway purchased GV at $4.25 per share and says he is confident that the stock will be headed significantly higher as a swing trade in the coming days and weeks as the potential impact to its business comes into focus.
Taylor Conway is the lead day trader at PennyPro.com. He is a short-term trader of stocks and ETFs. At the tmie this interview aired, he held GV shares, purchased Monday at $4.25 each, which he was planning to hold for a few days to a few weeks. The Raging Bull podcast features experts from the site talking with Raging Bull editor Chuck Jaffe on his show, “Money Life with Chuck Jaffe.” You can learn more about Chuck’s daily hour of market and personal-finance chat at MoneyLifeShow.com; you can subscribe to the Raging Bull podcast via iTunes and other podcast providers.