PRPL, SERA, SGN, LQMT

Trade plans inside

Good morning,

PRPL ended up being a monster swing trade, jumping more than 50% Wednesday. Funny thing is I was planning on a $.95 exit for the win. Glad I let it run. The make good products, I’ve used a lot of them, I wouldn’t be shocked to see a buyout here as they have a cool, unique brand and big footprint. All out for now.

My average on SERA is $5.38. I want to see this above $5 or I’ll move on. That’s because $5 is the 61.8% fibonacci which should be good support if it’s to head toward $7’s again. Great news and liquidity. Low risk of dilution. So let’s see if the rest and retest works. 

SGN is a recent IPO, oversold and candle over candle off the bottom. Range is $1.50-$2 and I plan to buy this early.

My long-term LQMT trade is looking good after the CEO bought about a million shares recently. And I wouldn’t be shocked to see more filings. 

The Movano Evie Ring is one of the ongoing catalysts, which just launched and is made of Liquidmetal, sold great over Black Friday and just won the 2024 CES award for innovation. Seems like Liquidmetal got around the Apple licensing deal because the Ring is up for FDA approval, so more medical than consumer electronics? I’m not 100% sure but on a side note, there have been rumors of Apple buying Movano in the past, so that’s interesting. 

The bigger story here is the $100K it appears Liquidmetal got for the pinion gears prototype and whether or not that’ll lead to scaled production.

Then there’s the non-public main page of Liquidmetal.com showing the Tesla Model X. Of course we know Eontec makes those door lock cases.

Bottom , the tide seems to have shifted here and an exit might be in the near future. As always with long-term trades, I’ll manage my trade and you manage yours, no trade alerts for entries and exits here. Wednesday shares touched $.075 and as I’ve been saying, there’s not a lot of liquidity on the level II between here and $.15. Another catalyst and I think we head higher again.

This pattern suggests $.10+ soon and I sure hope I’m right. The high volume in the middle of November was around when the CEO was buying shares. Hoping to finally hit the big one here, we’ll see. All 3 catalysts are ongoing so I’d expect price action to keep climbing.

Jay

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