September ends, mudda-fuckas!!! Almost $4K on the month for me. I like to take the time to go back through my trades (or the tickers I wish I had traded) and figure out what went right and what went wrong. I am FOREVER trying to have more patience on my winning trades...I've been burned so many times in the past that I just can't seem to let me trades keep gaining when they're going in a positive direction. And I still have trouble getting in too early sometimes - a condition of "missing" so many (especially these reverse splits) that post news when I'm not in them. I like doing myself some of my own due diligence on my own trading behaviors, and definitely note any self-imposed rules that I'm breaking or need to adhere better to. In the beginning, I took the time to write several rules down and tape on the wall right next to me...it definitely helped in the beginning of my trading. And I am by FAR not an advanced trader...just doing my best to keep safe as I can trading small sizes on these speculative pieces of trash that I hold so dear to my heart.
Gov't is gonna shut down tonight...plenty of tweets talking about how the market typically reacts. If you haven't read what generally happens, you should. BLUF is to expect some volatility in the near term, but that the market always rally's one year later to about 10-12% (S&P 500, anyways). My two cents as a gov't contractor - I wouldn't get hopes up that there will be ANY new contracts awarded until after the budget passes, which could be some time. So...if there were any pops on all that missile defense hype yesterday and today, I'd probably bet against it tomorrow. Otherwise...the market is still at highs and I plan to just keep taking opportunities along the way.
Also...I rarely mention real tickers, but Nike - NKE - posted good earnings and it's still fairly reasonably priced at $72. I think it could make a run towards $100 pretty easily from here. And we got a good tariff deal with Vietnam, so there's plenty of kids to sew us some good kicks...I took a small position, cuz why not?!
IBG - the International Beverage Group, just kept trucking along making gains today - unbelievably stupid ticker. Love it...hope someone made some money on it. VOR made an even higher push to almost touch 100% from it's bottom. And MNDR published some news this morning, just as the bell rang that made a nice pop...nothing huge, but twas nice. And then...there's RENB. That muddafukka - I wasn't even watching it, but sure enough it dipped right close to that $1 line and then proceed to $1.40 and later 1.56 - so basically 50%. I say god-damn! RENB is supposedly changing its ticker symbol to LNAI, not sure when though. And finally ORKT had a panic dip buy opportunity right at the 1.80 buy zone...bounced almost immediately 20%.
Here's what I'm watching or in (for reverse splits):
WHLR: Real Estate. Ultra low float and great probability for a 30%-70% bounce from bottom. I honestly thought real estate would be doing much better after the rate cuts, but somehow mortgage rates went up and I haven't seen much love in this sector yet. BUT WHLR is at a double bottom and hasn't posted news yet. It's still not exactly where I'd like to buy it (low $5s), but may try for a double bottom bounce.
FTEL: Australian Gym Equipment. Microfloat and high risk for dilution. Doesn't seem to bounce 70% much from a bottom, but there's potential for at least a 20-50% bounce. Its hugging the bottom of a trendline and very near its buy zone for a bounce. Could try to get in at $5 or even 4.75 for a bounce.
LVO: Mobile Media Content/Streaming. Ultra low float, high risk but good chance for a 30% bounce from bottom. This one doesn't look like it spikes much, more of a multi-day runner and kind of choppy. Might be able to get one more leg down to $3.90 or lower and I'd take an entry.
CETX: Internet of Things / Augmented and Virtual Reality / AI. Microfloat, great potential for a 30-70% bounce from bottom. I took a position on this one today. Still hanging around. Was hoping for a straight shot to $6.80 today, but nope. Hopefully they post some good news tomorrow, cuz this can really run if it does. But if not, I think my goal will probably be lowered to just above $6.
LESL: Pool and Spa. Higher float than I like, and unknown risk profile. Huge dump today. Not a fan of this sector, especially with Winter coming. Pools are overrated...course I live in Florida. BUT, I added it cuz it is at a key support level that has held since August. The buy zone is mid-$4s, so could try for the support level at $5.55 and risk maybe $5.40. If that doesn't hold, mid-$4s.
YAAS: China Cloud-based SAAS. Low Float, great potential for a 30-70% bounce at bottoms. I'm dumb, don't know what SAAS really means, but I know "cloud" is good...albeit it's Chinese. Fuck it, they make good egg rolls. I took a shot at the low $3s today. I like the looks of it, and think it has a shot at least to $4, maybe $5 (hopefully $6!!). Don't be greedy....small gains add up....*sigh*
RAYA: China Electrical Power Solutions. Ultra Low Float, HIGH risk. I mean WOW. This thing already dumped over 50%. Yes, they absolutely have dilution ready to go on a dime, but it is VERY tempting to buy this even at $4. Modest goal on this one.
New reverse split for tomorrow:
YHGJ: Party Balloons. Can't make this shit up. Fucking party balloons. Low float, low risk. Hate the ticker symbol...it's got no glam to it. Hate to admit that this one looks like it's got spikability (Timdicators anyone??). But, very little short interest. I'm avoiding it for the first couple days at least. Will watch it at the mid-$3s.
That's it, hope everyone has an awesome October!
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