Aloha, folks. Been a long while since I've posted on here, but it's been a hectic 2nd half of the year. Gonna get my ass back in gear though.
Great day for reverse split tickers! While SMX tried to re-test its highs in premarket, it just couldn't get enough umph to keep from going down under (hehe...they're Australian). But, KXIN (Chinese Auto Dealer) and WHLR (trustee ole Real Estate ticker that's split 100 times in a year) made significant gains today on Day 1 of their split. Looks like the love is back in these reverse split tickers.
And a few notable mentions that were recent reverse splits: FTEL (100%) and FLYE (435%)!! Yeah, good ole FLYE, the exploding bicycle ticker from a couple weeks ago. Shows how important it is to keep an eye on these reverse splits that are JUST outside that initial 10-day window. HUGE winner...and there just so happens to be a Chinese EV exploding bicycle ticker within the initial 10-day window of a reverse split, EZGO...could it be that EZ???
I finally cut my NCEL trade today...it had finally gotten back to being green and I sold some shares for a profit, then it did a quick flip and dropped 15%, so I cut the trade. At the end I had a 4% loss...not horrible, but I should have tried to get more sold while it was in the green. Se la vi...I live for another day!
Here's what I'm watching:
PHGE: Bio Tech Dermatitis/Cancer. Low Float, Great bottom bounce probabilities. I'm liking this one for a potential run to $5.50 - $6.50. I do want it in the $3.50s; but it made a higher low today. If it can stay at 4.25 in premarket, I think it has potential to run. Otherwise, I'm still thinking $3.50.
EZGO: Chinese Exploding Bicycle Rentals. Ultra Low Float, Low Risk. Not a fan of the risk profile, but DEFINITELY like that it's the same sector as FLYE (that ran 400% today)! I took a small position today. This is not my usual trade, I like dumpster diving when they're hitting lows. I mean its still a dumpster fire, but it did pop on day 1, and has been consolidating in this area for 5 days. My goal on this is $3.20 - 5.50
PLRZ: Israeli Bio Tech Med Devices. Ultra Low Float, Low risk. I'm just watching it for now. If its trading under $3.09 in premarket, I'll want in at $2.60 area, but if it holds the $3.20 level, I might take a position for a potential breakout over $3.50.
MBRX: Bio Tech Cancer. Low Float, High Risk, but good bottom bounces. It bounced right at that damned double bottom today! Watch for a Weak Open Red to Green for tomorrow...could squeeze from $6.60 to $9+. HUGE short interest.
NIVF: Thai Infertility Treatment. Low float, HIGH RISK. If this breaks $2.25, I think there's a breakout trade to 3.65+. Risky - I hate breakouts, they rarely work for me. And as an aside...Thai Infertility?? Maybe it's cuz they're really boys, not girls???
4 NEW tickers splitting tomorrow:
XHLD: Live Streaming / Broadcasting / Event Planning. Low float, Poor bottom bounce potential. Son of a bitch...I like the sector, but the risk profile tells another story. It's chart is also a "one and done". If you're in it, set a sell order immediately. If it spikes, it could be fast and furious and then implode. Potential DAY 1 Spiker on this one. Can try to get in and risk $2.00. It's got better potential for a random spike than a bottom bounce. I wouldn't shoot for the moon on it though.
RUBI: Greece Shipping. Low Float, Low risk profile. This one just squeezed a few days ago, so I'm not too inclined to get in it right away. Plus I hate shipping plays. Huge short interest.
TLRY: Canada POT. HIGH float, GREAT risk profile for bottom bouncing. And it's pot, so there will probably be a dip in this one. This has the best risk profile by average percentage for bottom bouncing - but I gotta caveat that with: I've only tracked 6 total of this risk profile in 2 years. So take it with a grain of salt. I'm gonna be watching the 6.80 support level for a potential bounce. Maybe we'll have some pot legislation announced...this ticker is one of the major pot tickers. But you know...fuck Canada. Huge short interest.
SPHL: Singapore Real Estate. MICRO float, unknown risk profile. No info on it's dilution, but it just squeezed 100% on Friday morning at 3AM. It actually seems to have alot of squeezes. and its right at its support level. The Microfloat is scary on this one, but you could try for a $3.00 entry and risk $2.75. My goal would be $4.50.
Big list tonight...sorry bout that. Trying to be a little more diligent since we're getting warmed up again in December.
Good luck all.
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