JBDI, VRAX, and BSLK on watch

Jason Bond
August 28, 2024

Good morning,

I was up early today, first day of school for Noah, and able to catch a big win on JBDI short near $17 to the $12’s. I’m now watching it to go long above $10. Recent IPO with trade halts Tuesday suggesting there aren’t many sellers yet. It’s up 20% this morning right now and was as high at $20 earlier.

Another new trader, BSLK, is up 100% this morning and has range to $6, maybe even $8 if buyers maintain control intraday. Daily is a fish hook but it’s a pretty new merger so there’s not a lot of price action beyond that to lean on. We’ll focus on the intraday here.

VRAX had more monkey pox news this morning and is heavily short. If the upper $5’s holds this could retest $8-$10 on momentum. If it gets going we’ll also watch GOVX for sympathy.

Overall small-caps are hot as the IWM gets a bid due to rates coming down soon. Once they start coming down they’ll keep coming down so small-caps should be in play for years to come. Join me in chat for scanners and more action.

Market Masters or Roadmap

Eat, sleep, and trade!

Jason Bond

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