ZVSA, ANY, PRPL & LQMT

Trade plans inside

Author

Jason Bond
December 06, 2023

Good morning,

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ZVSA split the stock on the 4th and dropped good news this morning. I built an average premarket of $3.06, sold ½ at $3.16 and am looking for $3.40’s this morning on the rest. Dilution risk is high so I won’t be in this overnight. Ideally gap and go at the open and I’m selling into that rush. The $3.50 area here is key.

My average on the overnight ANY swing is $1.71 and I’d like to sell it around $2. The breakout above $1.60 Tuesday prompted my entry. So far Wednesday morning it hit $1.87 but I didn’t take any off there. If the move stalls I’m okay moving on around even.  

PRPL is more of a swing trade for me and I think it can climb to $1.50. My goal is 10-20% and I’m looking for this to happen in 1-4 days on a test of $1. They had good news, which sparked the recent pop and January effect is right around the corner. If it’s boring I’ll move on and wait for it to get more explosive. 

My long-term LQMT trade is looking good after the CEO bought about a million shares. The Movano Evie Ring, which just launched and is made of Liquidmetal, sold great over Black Friday and just won the 2024 CES award for innovation. The bigger story here is the pinion gears prototype order and speculation as to who that customer is. 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 line, 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. Tuesday shares touched $.07 and as I’ve been saying, there’s not a lot of liquidity on the level II between here and $.15. 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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