Market did a boomerang after touching the previous high resistance.
See how the high of the day touched the previous high of established in Jan 15th and then dropped back down to negative territory. The next few days of price action may show some light of where the direction may be- up, down, or sideway.
Needless to say, except for $KGJI, all the stocks in my port corrected today. However, the light at the end of the tunnel is that $KNDI had a spike up in after hour trading thanks to $TSLA earning news.
I also sold my $TINY position and used the proceed to buy more $MZOR.
KNDI, LRAD, CERS, SEED, KGJI, MZOR, HALO (fully speculated)
For my other account, I sold all $XTRM to lock in my gain after open simply because I found out that the real number of outstanding shares is much much larger than what is reflected at Yahoo.finance. On top of that, the more I looked at it, the more I wondered how $XTRM is going to get the money to build out the hemp production after they buy the 40K acres of land. When I’ve more questions than answers for a stock, I prefer to get out and stay on the sideline. Thus, with profit in sight, it was an easy decision. However, it would be nice if I waited another half-hour before selling ’cause price began to climb over 8 cents before giving back all the morning gain. But then, I can’t really complain ’cause I did profit nicely on this trade.
Because I’ve more faith and conviction with $FITX, I used the gain on $XTRM to buy more $FITX today.
My 2 cents.
Categories: Daily trading Journal