I've mentioned this stock a few times in the past, I said it'll get close to book value because they lose money every quarter. Well, it's pretty dang close now.
Might be worth throwing a few bucks there today or tomorrow if you like long term plays. Low risk at this point. Not gonna recommend options since you never know when this will pop, could be next week.... or 2 months from now.
Might be worth throwing a few bucks there today or tomorrow if you like long term plays. Low risk at this point. Not gonna recommend options since you never know when this will pop, could be next week.... or 2 months from now.
Trade active:
Bought 1k shares, plus some weekly $1.5 calls. RSI oversold on daily with positive MFI divergence.
Trade active:
Reminds me of why I don't usually trade garbage stocks, lol
Cost averaged down and also bought next week's $1.5 calls. Waaay oversold on daily now, but there's possibility of a down day tomorrow, so leaving room to add.
Cost averaged down and also bought next week's $1.5 calls. Waaay oversold on daily now, but there's possibility of a down day tomorrow, so leaving room to add.
Trade closed manually:
Well there's your pop on news, carbon capture as I expected.
Sold half premarket, sold the rest at $1.5, had way too much of this garbage because I cost averaged down, and all I made was some decent beer money, lol.
It did serve it's purpose though, the trade forced me to watch the market and I made $4k on my other trades, so I'm done.
Sold half premarket, sold the rest at $1.5, had way too much of this garbage because I cost averaged down, and all I made was some decent beer money, lol.
It did serve it's purpose though, the trade forced me to watch the market and I made $4k on my other trades, so I'm done.
Comment:
Wow, went red despite good news and small cap pump today.
Earnings next Wed. Will look at it after earnings. Typically this company releases good news before crappy earnings, I think that's why nobody is pumping it today. Just remember what George W. Bush said....
“There's an old saying in Tennessee — I know it's in Texas, probably in Tennessee — that says, fool me once, shame on — shame on you. Fool me — you can't get fooled again.”
lol.
Earnings next Wed. Will look at it after earnings. Typically this company releases good news before crappy earnings, I think that's why nobody is pumping it today. Just remember what George W. Bush said....
“There's an old saying in Tennessee — I know it's in Texas, probably in Tennessee — that says, fool me once, shame on — shame on you. Fool me — you can't get fooled again.”
lol.
Keep in mind they sold shares during that big pump so book value is higher than before the big pump