Trade recap for February 5th

Nothing too exciting today. The most exciting part thing today was my sign off at the end of the video recap: “Don’t get too drunk and don’t eat too many Fritos.”

Daily profit: ($132.00)

Weekly profit: ($1271.12)

Disclosure: Long 4,000 BLGW and 16,000 EXPU. No positions in any other stock mentioned. This blog has a terms of use and you can find all my disclaimers and disclosures there as well; my full terms of use is incorporated by reference into this post.

6 thoughts on “Trade recap for February 5th”

  1. Hey, Jamal, I can’t speak for Michael, but I look for bounce plays for stocks that are likely heavily shorted. So any stock that has had a huge run-up, and followed by a big drop, is likely going to have a bounce as shorts cover their positions. Typically you’ll see a 5-10% move on green on those types of plays. But you do want to take profits quickly….I find these types of plays are meant to be day trades as the moves often won’t be sustained.

    It’s even better if the stock has a relatively low float, because it doesn’t take much buying pressure to get the stock to move.

  2. Hey Reaper, got a question.
    OT:
    You mention before you have Sogoelite. Some people says that you can’t short stock under 3 or play otcc stocks. Is that true? Thanks.

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