- Jason Bond Picks (Member)
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- Will PHUN breakout over $.50?
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I like PHUN here for a $.50 breakout as it does not seem former President Trump will be blocked from ballots. That’s not confirmed but seems to be the way the conversation is leaning. Watching $.34 for an entry. Slightly risky trade because if I’m wrong about the outcome, this is toast. But I don’t think I’m wrong at this point.
Another trade I like right now is SYRA above $6. If this level holds, it’ll keep pressure on short sellers and could drive a $10+ move overnight. Stop loss is prolly around $5, goal is $10, so risk reward is 4:1. It’s trading around $6 right now, I’d like to give it some time to establish support there. If $6 doesn’t hold, entry off $5 is a possibility but with a tight stop because then $6-$7 is resistance.
HKIT and HOLO are in play for fibonacci retracement headed into Friday. The idea is shorts take control today but bid it back up to cover before the weekend. It’s early on those, probably end of day or after-market entries there since the timing is end of week.
UXIN is an oversold stock I think will bounce to $3, maybe even $4 soon. I plan to buy this one today before the close in the $2.40-$2.50’s.
Right now short DWAC with put options and long LQMT stock are my only two trades. I think LQMT will be above $.10 soon. One possible catalyst and it’s a big one, will be AAPL’s foldable iPhones (read more). Remember, AAPL invested $20,000,000 in LQMT years ago and that sent the stock to nearly $2. If they actually use Liquidmetal anytime in the future this becomes a jackpot penny stock. For now I just follow the bread crumbs.
Jason Bond
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