Day Summary

Day with a good start and an excellent finish!

 

In addition to 100% profit from FTBK, sold QTWW with 70% profit from the entry, GBE - 70% profit. Overall performance (have not seen the final numbers yet) should be around 2%+. We also reduced RTK position by 1/3. If you follow me thru covestor, entry price for it I think is shown as something around $2 which is far from the truth :) My actual entry for RTK is $0.49. So, I sold 1/3 (from the second 1/2 I keep since huge RTK breakout) for $1.90 and don't regret.

 

Anyway, it's my old sin and eventually this covestor/real portfolio price gap will disappear. I just feel I need to explain rationale behind selling 1/3 of RTK that shows so "high" entry price and portfolio was slightly overweight with RTK. So, that's the reason - we were too much in RTK and I reduced it by 1/3 with a healthy profit of almost ~300% LOL.

 

Same reason (overweight) was to slightly reduce FBC exposure. Next target for FBC moved closer to $2.00

 

Couple of words about new entries (in addition to mentioned earlier today):

 

- DUSA (new): strong support around $1 and resistance at $1.5. Fundamentals look very decent.

- LNUX (added): we had too small position with LNUX. It's a high quality penny play. Break out above $1.5, whether real or fake, won't be a surprise. We can afford to have some more LNUX at least to sell it for a quick scalp profit.

- GSAT (new): beautiful daily chart for the last year. TSTR should pull this up much higher.

- SLTC (new): initiated in the very end of the trading session. Very decent fundamental picture. Channeling long term pattern, huge green volume last few days. All was suggesting a nice run up. We were waiting for the last 10 minutes of the session to grab to see the chart confirmation, but a little bit overreacted, were few minutes early and missed a dip to 0.3701. Entry of 0.399 is still not bad. Follow standard strategy to plan exits