Jason Bond Picks performance update: +$190,129.09 realized so far in 2019. All entries, exits and coaching streams live here during market hours.
Portfolio analysis:
CREG – Broke across key $1 resistance Wednesday so I jumped in late in the day at $1.16. Goal is middle $1’s to $2 and I’ll be looking to add size to this if it feels right.
OHGI – After a few weeks of basing around $.10, volume spikes showed up Wednesday on my scanners. Noticing a key pivot around $.15 and range to the $.20’s if it carried into Thursday and Friday, I jumped in with a small position looking for a 20%+ gain.
RWLK – This is my latest catalyst swing with big upside potential to $.40 – $.60 if it bounces. Started buying this one in the low $.20’s and have taken nice profits on it a few times already while searching for the bigger 20%+ score.
FENG – Been on watch in the middle $3’s on and off for a few weeks now. Broke to the upside Wednesday so I jumped in looking for middle $4’s to profit. Not a fish hook or rocket but more of a base pattern and history of big spikes.
VERI – January effect. Artificial intelligence emerging market. Recent pop to $10 on buyout rumors illustrates just one reason why I like it down here. Will look to add size Thursday intraday since the odds of it squeezing on Friday go up.
Watch list:
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BOXL – This is my bread and butter setup on a Thursday. Fibonacci retracement or what I call ‘rest and retest’ I’m looking for a move back into the $3’s here and maybe a $4 test before the weekend. I’ll use Wednesday’s low in the $2.40’s as my pivot which essentially means I’m a buyer above that level and stopping out below it.
ARLO – Earnings are about a week out and I’m watching to see if there’s any runup into the call since it would seem the bad news is factored in and with their key product back in the rotation this January, outlook could be strong during the call. Won’t hold through any earnings but if the $7 range holds, a bump to $8 or $9 seems reasonable.
USAT – Rest and retest pattern with a pivot at $6 and big range to $8 or even $10 if it rallies. Seems the bad news is behind this one and accumulation is driving shorts out. Wouldn’t be shocked to see a big stick soon and odds go up that could happen before the weekend so I may try this one today.
DGLY – My latest catalyst swing report that was on the watch list in the $2.60’s and alerted in the $2.80’s on this thesis which is still in play. Having taken a big profit in the $3’s, I’m looking for it to rest now and then I’ll rebuy.
IPI – More of a trending stock similar to FENG above. As it pivots here out of the bull flag it has caught my attention for a upper $3’s run. Stop loss becomes $3 range and goal is profit around $4.
BLNK – Rest and retest pattern otherwise known as fibonacci retracement. History of spikes, huge upside range to $3 and plenty liquid makes it one of my top ideas today
CCCL – Bull flag breakout pattern. Range to $2.50 makes it very attractive not to mention history of big spikes. Setups like this ‘rest and retest’ are my favorite on Thursday’s headed into Friday since that’s when fibonacci works best as shorts look to reduce weekend exposure and therefore supply a bid.
