- Jason Bond Picks (Member)
- Posts
- CRKN trade plan
Good morning,
Meme stocks are back and this is really good for penny stocks.
GME is a short under $50, long above $50 and outside chance of $100 if it goes for the recent $60 highs. Prolly needs to be out-of-the-money call and put options here as borrows to short will be hard and the price of the stock is too high for JBP.
BPTH $3.80 needs to act as support and maybe it makes a move for $6. News is okay but doesn’t quite stand out to me. And the stock tends to fade on day 1 usually so I think caution is warranted.
CRKN so far so good in the $.13’s and if we go for $.14+ then maybe it stretches for $.20. I’d like to get 20% on a small position here if all goes perfect.
For the chat room I want to use the Market Masters room for the quieter summer months. Easier to bring everyone together than have to have 3-4 rooms open. If you have questions just ask me in that room and I’ll answer. I’m live 7-9AM ET trading penny stocks live. Then still in the room all day answering questions. Or post comments below the watchlist.
Still riding a big position in LQMT. I guess roaring kitty proved all the catalyst we need is posting our position size to the Internet? Hope that works here too ha.
New firecracker idea coming this week.
Eat, sleep & trade,
Jason Bond
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