Crazy squeeze in the overall markets today.  I think what we witnessed was too many overaggressive shorts anticipating the government shutdown having an immediate negative effect on the economy.  I have no doubt that it will...but it obviously wasn't today, at least not in the stock market.  I had one of my best mornings for profits from swing trades in a long time.  Helped level me up some - already 25% of my total profits from Sept in one day.  Mostly from puts on Home Depot, which I took from the news of lumber tariffs.

 

Had a couple of former reverse splits make huge gains today: GLXG (bitcoin related) and AKAN (pot sympathy).  Also had a nice squeeze on RAYA this morning.  I had just decided to buy some when it started moving and was fortunate to get out on the squeeze seconds before it halted up.  Also sold my CETX position; still didn't get any more when it dipped AGAIN this morning, and I missed that $6 level, so cut it for about a 10% profit.  I think it's going to go down another leg tomorrow.  LESL (swimming pools) held that $5.55 level I mentioned for a 20% bounce, too. VCIG also had a squeeze on some pre-market news, but was quick to give it all back - shorts seem to be gaining some control over our reverse splits.  Still a 30% pop though, just have to have sell orders already sent. Even FTEL made that 20% bounce I mentioned yesterday.  Good start of the month.

 

 

YAAS: China Cloud-based SAAS.  Low Float, great potential for a 30-70% bounce at bottoms. Currently sitting in a buy zone.  I'm still in it, shoulda sold for a small gain.  But I took a shot doubling down at $2.61.  Should still make a profit if it bounces 30% from here.  I think it still has a very good potential to pop to $3.50; but I'm hoping it hits $4.20+.

 

LVO: Livestreaming Media.  Ultra Low Float; higher risk but good bounces at bottom.  I liked how this was holding at $4 this morning and took a position around $4.17.  Then was fortunate that they pushed out a PR/Stockholder letter, which actually didn't sound too bad.  It didn't go ballistic, but it did push up a bit.  As mentioned yesterday, this one isn't a big-time spiker, more of a multi-day runner.  Still wary, they have a ton of dilution that can happen at any moment they choose.  If it can break $5; I think it's got a shot to at least $6.80.  Might grind though.

 

BINI (previously MULN): EVs.  Ultra low float, great probability for a 30-70% bounce from bottom. The ticker I love to hate.  It's literally at the lowest its ever been - and its constantly making new lows.  However, it's at a double bottom and about to cross the top of a downtrend line.  I think it's worth taking a small position here - I'll never take a big position on this piece of shit ticker.  But I will not risk more than 10% on it, so maybe 2.25.

 

WHLR: Real Estate. Ultra low float and great probability for a 30%-70% bounce from bottom.  It broke that double bottom I mentioned yesterday, but hasn't broke $5.90 (risk level I set yesterday).  I'm not in it.  But still may be worth a shot.  Another one that would be a small position. 

 

ORKT: Singapore Mobile Apps.  Very close to the buy zone.  $1.75 looks like a good support zone for a bounce, but $1.60 would be a true double bottom.  Interested in this one at these levels.

 

RAYA: China Electrical Power Solutions. Ultra Low Float, HIGH risk.  Still about 50% down and gave everything back from the squeeze.  There just wasn't a ton of volume when the squeeze happened.  Clear uptrend though, and potential for a second round.  If I get in this one again, it'll be a smaller position size.   Dilution ready to go on a dime.

 

No new tickers splitting tomorrow, but here's an extra one that's just outside of the normal window I watch:

 

SDOT: Healthy Restaurants.  Ultra low float, great risk profile.  Posted an insider buy from yesterday.  The Chief Financial Officer just bought 10,000 shares at 5.56.  It's currently trading at 5.68.  I think it's worth the risk to get back in for a potential squeeze.    Initial goal is $6.80, but if there's news coming out, I could see this hitting $8.

 

OK...good luck fellow Challenge Students!