lower...
For starters the stock is 12$ and has no earnings which means very low/poor institutional sponsorship=poor quality
-Stock is not really in a stage 2 uptrend
-Stock is running into a LOT of overhead supply
-Stock does not have a good looking weekly in terms of volume characteristics
-Stock doesn't have good volume characteristics on the daily as last 7 days are all above average with not much price progress and wider action, I want exactly the opposite
-Stock has negative earnings, does have sales so mixed bag at best
-It's also in the cyclical area (mining/metals) so a discount there as well
-stock is not tight on its right side as a breakout to yesterdays lows measures +/-17%, no where close to what I'd want to see
Doesn't mean it can't work (it'll probably blast off here) but I'm a probabilities guy and this is an avoid every day of the week for me
$UAMY – VCP style breakout near highs.
Tight price action with volume expansion on breakout.
Currently in a strong trend. Would you consider this A+, B or even C quality? Curious how you would rate this setup @MarkRitchie_II
Executed the plan.
Added on strength, managed risk, took partials, and sold into strength.
Not about being right, about following process. On to the next.
+15.6R
"If you sell stuff too early in a hot market then you retire 10 years later. You are never smarter than the 10/20-day moving average." - @Qullamaggie
$PL $RKLB $SNDK $SLV Etc ++
Qullamaggie on Minervini Promoting Services
“Minervini yeah. He’s promoting his services really hard. His books and services now. I think his books are decent. But when he starts tweeting about these thin stocks on Twitter, it kind of makes you think: is he even trading or is he just promoting? Selling books and making, you know, conferences. Making money that way.
Because some of - a lot of the stocks he mentions are not even tradeable. And he’s tweeting them out to his tens of thousands of followers. I don’t know how many followers he has. I haven’t followed him for a while. I used to follow him. Uh Mark Minervini. He has 128 thousand followers.
Yeah, that’s disgusting. And so he tweets out this. Let’s look at his tweets. If he has pumped any microcaps lately, hmm, CLGN. What’s this, yeah? So this one he, uh, tweeted about 2 days ago. You can’t even trade this shit.
Like, what the f*ck is he doing? Is he trading a 10,000 dollar account? What the f*ck? I don’t know. He’s a sketchy dude.
I think his book is great, but man, he should have no business tweeting about these thin stocks. Yeah, CLGN, exactly disgusting. Fucking disgusting, what is this TELA? Look at this thing it’s traded 3.9 thousand shares so far today. And he’s tweeting out these things. How do you even trade this thing?
He was tweeting about stuff like AMD on a day like here, on oh, look at AMD’s breaking out. This is like an ultra liquid stock.
But you know, when you tweet out something like this, I mean, I could make this thing double in five minutes if I wanted to. I could literally make this thing double if I use my intra-day margin. And he’s tweeting this thing out to his hundreds of thousands of followers. Really disgusting,
Yeah. I was in his room. I took the trial, yeah. They’re super expensive. I guess that’s what happens if you don’t make money from trading. You know, you gotta sell. You gotta promote yourself. Exactly the same thing Tim Sykes is doing.
They make no money from trading. But you know, it’s risk-free, right? You don’t have to take any trading risk. Just have to promote your stuff and you know, it’s kind of predictable income, I guess.”