Whew!! That was a helluva day! If you weren't watching there was a slew of tickers making 100% or more today, even up to 2000% on a couple. Not necessarily my current reverse split list, but some previous ones as well as just a bunch of random stocks. Truly wish I had more time to prepare for today's price action, because this sometimes only happens once or twice a year (when they go 2000%). What's good about it though, is that it shows that day traders are definitely back from vacation and taking on the short sellers who've dominated these small caps for the past couple months. We thank them for their sacrifice.
CUPR, CWD, STEC, CDTG, JEM, WLDS, DSY, ISPC, MMA, ASST, YOUL, OCT, LGHL, and most especially QMMM - ALL HUGE WINNERS!!
Sincere congratulations to anyone in the challenge that took these trades!!
From my own current and recent watchlists: ZNB, GLXG, GP, TIRX, MSPR, GIBO, CNF - All made huge gains in the past couple days or today.
So CHINA CHINA CHINA....that's been an overarching theme, as well as crypto...but there were AI tickers, too...so a smathering. But China tickers were hot.
Here's what I'm watching or am in
ELAB: Bio Tech Aesthetics. ULTRA LOW FLOAT, GREAT probabilities for a 30-70% Bottom bounce. One of my top watches for tomorrow morning. This is very near a "buy zone" and at a double bottom now. This one is a teaser (I've played this one before as a reverse split). If you're in it, you gotta have a sell order in, cause the spikes can be sudden and come right back down. Key, for me, will be if it open in premarket at $4.34 and stays above $4.30 at market open.
WAI: China Capital Market Training. Lowish float, High Risk. Lots of dilution with this one, so if I get in, if it spikes, get the hell out, don't swing. It's not near where I'd like to get in for an entry (high $1s); but it is a low float China name and broke the upper down trend line. Has room to go to $4.50...I like that alot.
KITT: Marine Robotics. Higher float than I like, but still a low float. Former Supernova, hot sector (robotics). Good probabilities for a bottom bounce, and liked that it held that $3.50 area. I've been scaling in this since yesterday. Added at dead bottom today for a pretty decent average.
TNFA: Bio Tech CBD/Crypto. This company changed it's product from CBD to Crypto...they know the game, flow with the hot sector. That's good. Already been in its buy zone a couple times and is now uptrending. I'm probably gonna take a shot at this crypto dud in premarket.
EAF: Steel Industry Grapite Electrode Products. High Float (20 million), but good bottom bounce potential. A couple steel industry tickers have really made nice gains recently, so could have sector momentum. It's a NYSE, not NASDAQ, so they trade a little different. Nice volume at lows today...definitely shorts covering and making money. Could try to swing this. Would prefer an entry at $7.50/7.60 area.
GDHG: China Amusement Parks. Lowish float, higher risk but huge squeezes when they work; China hot, but this one has been illiquid, is expensive, and near the top of its downtrend line. Not my fave set-up...just watching. Could always try a small position to test it and risk $7.00.
SDST: Lithium Mining. Higher float than I like, but great 30-70% bottom bounce probabilities. Only problem is that it already did bounce on Day 1. I'm a little leary of it here, but am watching for it to come back down to $2.50 for an entry - that's a key psychological level and a support level. If it breaks that, then cut and reassess...maybe $2.00 next support area.
TC: China CarMAX/Car Parts. Lowish float, ok probabilities for a bottom bounce, but like GDHG it's illiquid, at highs and it's expensive. Like this sector better though. Maybe an entry at 12.50, risking $12. Smaaaalll position.
One ticker conducting a reverse split tomorrow:
STKH: Israeli 3D Meat Printing. Yum. Ultra low float, high risk, but ok 30% bounce probabilities. I have a low density of this particular risk profile, so take that with a grain of salt. On average, they have 100% gains...so that I do like...all the metrics are there, except that it's 3D printed meat...
OK all...good luck trading!!
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