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- Friday's JBP
Friday's JBP
What went wrong with ONVO and MFI, REE, UVXY updates
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Good morning,
I got beat up on the ONVO dump -$4,000. I let that consolidate all night and but the bull flag with about 20-minutes to close thinking it was going to hold and it did a full retrace on me. I canāt recall the last time I saw that happen ā unlucky there, I was darn near sure it would gap. Stinks to give back a good chunk of the +$6,300 on made the day before on WHLR but itās part of the game ā got to take shots.
Headed into Friday I have swings on MFI at $.55 and REE at $2.84. Goal on both is 10-30% with auto trim and trail at 5%+. This means once Iām up more than 5% I start taking profits. If I have 10,000 shares I might sell 5,000 at +7% and then let a quarter ride for 10-15% and a quarter ride for 20%+. Iāve found this to be the best way to day and swing trade small-cap stocks. Stop loss should be 5-10% at most. ONVO was a bad example.
MSPR has a lot of momentum today but their cash need is high and overhead supply is high, so short sellers will be leaning into breakouts there. Itās in play above $2.70 with range to $4ās.
BON is a tiny stock that etched a big deal relative to its market cap. If it holds $.10 I think $.15 is possible there today based on the size of the contract.
ICCT is a Fibonacci retracement stock Iām watching above $4.30 with range to $6-$8 if the rest and retest pattern works.
The special situation UVXY puts are up $2,000 so far with 7 of 10 contracts in the boat at $11.60 from the $9.58 alert. Iād like to get $11ās on the rest and book that $2,000 profit today. I also like more UVXY puts today, prolly the $43ās expiring Friday 4/25 so look for more special situation trades.
LQMT is my long-term trade and itās been hot lately after a top analyst changed his hinge prediction from titanium to LQMT. Hereās all the videos and articles on the topic so far. Likely runs a lot over the next year. Iāve been in this stock for a few years and buy and sell without notice. The end goal is up listing to the Nasdaq or share price of $1+, split adjusted, because thatās what the CEOās stock options are tied to last I checked. This is huge news with AAPL and the analyst who called this, Ming, is the top guy in this space for AAPL products.
Videos
TECH STUDIO (best video)
Matt Talks Tech (better video)
Articles
China Daily (for context only)
Eat. Sleep. & Trade!
Jason Bond
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