I got rejected on NEON

Damn it!

Good afternoon my penny stock junkies!

I like VRAX short here in the $5’s with a cover goal in the low $4’s to middle $3’s likely on dilution soon. Overall risk is high as cash need, historical and overhead supply are high. Not saying it’ll happen for sure, but I’m short the name here for this reason. See if the news hits tonight. Using Centerpoint for this trade. Went short this morning on REVB too, made a few hundred there as well.

I like LQMT long here at $.05 and have a big position that I buy and sell around without notice. This Patently Apple article is just one of many reasons I think this stock pops big one of these mornings. Been going up since recent earnings last week — hopefully something big is coming soon.

My NEON idea yesterday was awesome! I went market at tastytrade and they hit me with “CLOSING” orders only! What’s that about?! I hear it’s common at that broker, I’ll need to explore, maybe all stocks will be traded out of Centerpoint for this reason — which I kinda like, they are awesome with long short penny stocks. Anyways, expensive rejection by tastytrade, freaking stock is up 50% as I type.

I like the idea of NRDY above $1 so looking to swing that soon for a $1.50 move. Huge insider buying and a decent little company too trading around $1. I’d have bought it here without the huge form 4’s, but look at this monster! That’s the CEO! I’ll pay a small premium to swing that slightly higher than he bought. Looks like it’ll be a quiet swing that’ll likely just rip one morning, kinda like BBAI did on news Tuesday night.

Pox stocks are moving so we’ll keep an eye on VRAX, AEMD, GOVX etc… but as soon as dilution hits one of these it’s lights out and I think the warning signs are present. Long the names would be day trades on the momentum only.

I think the IWM has a few big 3%+ up days ahead of it. Maybe on Jackson Hole and likely on the first rate cut. We don’t do a lot of options in Jason Bond Picks but there’s a time and place for everything and IWM calls flat out make sense. Tuesday I did bull puts on the IWM in $2k SAJ, that was a fantastic alert with the IWM up huge today.

Speaking of SAJ, get that 60% off discount now while seats last. Hell, another $1,000 realized today on META and COIN bull puts, this is a great swing trading strategy, check it out.

Results not typical. Trading is hard. Nothing is guaranteed.

Jay

 

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