Alrighty - got a later start than intended tonight. What a freakishly bullish market. Bitcoin still on the run; futures all green tonight. That little pullback on Friday on the overall market was nothing. I would not be surprised to see a blow off top in the markets this month. Until that "blow-off" happens, just keep playing the trend and don't fight it.
Aside from the big namers, we also have some momentum in RGTI (Quantum), LAC (Lithium Mining), INTC (Intel - AI/Semiconductors), PLUG (EV Battery Charging), and SOPA (crypto shit I think). That opens alot up for sympathy plays in reverse splits - QCLS (Quantum), SDST (Lithium) & USAS (Gold/Silver), ABTC (Crypto Mining), NAAS (China EV Charging)...don't have to go far to look for opportunities. I keep a spreadsheet of all past reverse splits, which are generally speaking the newest "low float" stocks in the market. So when there's a hot sector that I can identify, I usually just go to my watchlist and look for the best of these shitstonks to play.
YAAS!!! What a perfect run for a 30% gain!! Not just once, but twice in the same day. Had it on my list for a couple days and was my top watch...well I was already in it. However, scaled out WAY too soon. Originally had orders set starting at $3.25, but happened to be home watching it...I get emotional watching verticals and started getting out at 20%, instead of just waiting to get all out at 3.25. Annoying that I don't have better patience. It was battling in Afterhours at that 15% level...would love to see shorts get ripped on it!
Here's what I'm watching or am in for tomorrow:
AREB: Patriot Stuff / Self Defense. Ultra low float, GREAT probabilities for a 30-70% bounce at bottom. I started in this one at $12.25, then it just kept dropping for no particular reason (except is was a day one, that's when people sell the position because it shows up in their accounts as 1000% gain from doing the reverse split). SO...I added to my position a couple times and have an $11.60 average. Not thrilled with the average, but I think it has a shot for $14-15. Particularly with all this shit going on with ICE, cops, Chicago, shootings everywhere. They'd be dumb NOT to play off that kind of real world threat news. Using $10 as a risk level.
YAAS: China Cloud Based SAAS. Low float, great probability for a 30-70% bounce at bottom. Already hit the 30% mark twice on Friday, now stuck at that 15% area, but I like how it closed; a break of $3.25 in pre-market could send this straight to $4.00. Might risk $2.70-2.75.
POAI: Bio Tech Cancer AI. Ultra low float; high risk, but when it takes off....it really takes off. Looks like it's uptrending, and already hit the buy zone. Could take a smaller position here, risking $13.50. Expensive stock, but I could see it testing the $20 level again.
LVO: Mobile Media / Live Streaming Content. Ultra low float, high risk but good probabilities for a 30% bottom bounce. I was in this but cut the trade for a tiny gain. $4.00 is a key area to watch for a support level. If it breaks that, I'll be looking for an entry near $3.00.
CETX: Internet of Things / AR-VR / AI. MICRO float (dangerous); ok probabilities for a 30-50% bottom bounce. I also cut a position for a small loss in this one. Still like the sector though; will be watching that $4.85 double bottom area. Still no news on this either, so a good PR could rip some faces off.
RAYA. China Electrical Power Solutions. Ultra Low Float, High Risk. They're ready to dilute...but I do like that it's a rising channel. I probably won't play this, but it looks like it wants to break out of that $5.50 area; if it does, I could see this squeeze to $7 or $8. More dangerous, so smaller position.
Four new tickers conducting a reverse split tomorrow:
NVNI: Brazil SaaS Software Acquisition. High Float, but great probabilities for a 30-70% bottom bounce. What's the deal with all this SAAS shit? I really hate the float. And that it's from Brazil. Who the fuck cares about SAAS from Brazil??? HUGE dump off its recent highs. Like total Goliath dump. Lots of recent bagholders. I don't like it.
CETY: China Sustainable Waste Recycling. hahah...yeah, right - from China?? Lowish float, mediocre bounce potential. I hate this risk profile, it usually is a do nothing type play. It is at a double bottom right now though...so maybe. but I'd rather wait till to see if it dumps.
PMAX: Hong Kong Financial Communications Service Provider (for Stock Markets). Mouth full a Kung Fu right there. Low Float, GREAT probabilities for a 30-70% bottom bounce. Not in a huge hurry to get in it, though; I think it comes down to $1.60 area for a bounce.
GGR: Taiwan Smart Battery for EVs. High float again, low risk profile (ok for bottom bounces, about a 50/50 shot on these). Will be watching the $4 level as a double bottom on this; this is a hot sector right now after all.
OK...that's it - let's get that cash!!!
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