Trade 3 of 73: IN with $1,210

Step 3 of 73 towards turning one thousand dollars into a million is initiated.

I bought 33 shares of MBLY at $36.75.

MBLY (or Mobileye) is an Israel-based company that designs and engineers driver assistance systems. In other words, they help you stay alive on the road. Several car companies – Audi, Ford, Honda, Tesla, to name a few – already use MBLY products, and the list is growing quickly.

MBLY went public in August of 2014. They were off to a hot start, more than doubling their price in just two months of trading. Since then, the stock has been on a downtrend.

Yet their earnings reports have been consistently solid, and with all the recent talk about autopiloted cars, the growth potential is believed to be huge for this company.

So let’s see if the market can give MBLY some ten percent love.

Step 3 needs to take me to $1,331, so I’m going to set the sale target at $40.55/share.

Fingers crossed this step won’t take as long as Step 2.

Tim H.