Hot market, guys! Hot hot market! I know you're all loving this just as much as I am. I actually had a few more stocks I had in mind that I wanted to talk about, but instead I'm gonna keep this focused on the main runners. When the market is this hot it's important to focus ONLY on the stocks with the most explosive action. That being said let's get right to it!
$RDHL: A Twitter favorite at the moment. This one has yet to go red on the day, so until it does I'll be holding onto my hard earned money; not gonna chase at these inflated prices.
$CYTO: If any of you recall this was posted to my watchlist back around 11/20/2023 and 11/21/2023. Back then I was looking for the breakout above .48 cents, but today it rocketed straight through it and hit a high of .97 cents; a whopping 361% gain today! It ran due to regaining NASDAQ compliance. With that in mind let's not forget the prior news; the partial spin-off of their subsidiary, however $CYTO will be retaining a 49% stake. I'm loving where the stock is currently sitting because we're just under that very key $1.00 level. Not totally ready to buy this stock just yet. Ideally we get some sort of consolidation in the coming days, but after that, if we can still hold, I'll definitely be eyeballing that $1.00 level for a breakout.
$VVOS: Huge congrats to all that caught even a sliver of this monster mover today. I actually ended up taking the day off and missing it. $VVOS ran a whopping 1,011% from the previous day's close! News of hitting a "Major milestone" with their FDA clearance for treating severe sleep apnea. The squeeze on this one was real to say the least. Just like with $CYTO and $RDHL I really need to see some sort of pullback / consolidation for at least a day or two before entering. The higher and higher these stocks go, the worse risk reward you have. If we end up getting a pullback...great. If not, oh well; we have plenty of other stocks on watch!
That's pretty much it for this list. I don't want to get too much into it, but I figured I'd at least mention the other potential movers we have this week. Consider this your bonus:
$WHLR: REIT company (Real Estate Investment Trust). Not entirely sure on the news; something about offering unregistered shares to settle redemption requests. Not gonna lie I have no clue what the heck that means. This is a micro float micro market cap stock that's been ramping on record volume for the past three days. Currently in phase 2 of the 7 step framework, so it'll be interesting to see how it plays out.
$BGLC: Healthcare stock that ran on record volume of 84 million shares back on 11/24/2023. Today it broke recent highs and ran all the way to $1.50 before pulling back. Still holding onto its gains, so this could be the start of a run. I'll keep it on my back burner list just in case.
What a list! I'm so excited about this market. In case any of you were having trouble figuring out what a hot market looks like, this is it. It's when multiple stocks are making record moves to the upside with good news and great volume. Just like Sykes said in his tweet earlier this evening, this is the time to push it and capitalize on this momentum. This is when the real money gets made!
I'm fired up. Let's Go!
- Gyasi
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