Well , what an amazing week, we just shooted up huge from the break of downtrend. Most of me small caps running hard and some are just starting up - sold some CPE with more than 10% in 2 days. It looks to me like markets is VERY overbought short term and we might get a pullback according to the charts, but again we have NO economic data out tuesday and after labour day they may just run the markets higher cause we got a strong close friday. So markets will probably go to 1110+ SPX on tuesday, but after that I am going to scale into few short positions, just for a starter. My target is near 1130+ SPX near term just to make all shorts nervous and thats the time when I am going to load my boat with shorts. There is a great possibility if we break the trendline from april highs (Russels already did...) then we might have a chance to see SPX 1130-1150. But for now still bullish but looking for a bit of a pullback very soon.
My small caps for now is:
IKAN : 0.9$
CPE 2.7$ (sold 50% - holding rest)
UWBK 0.4$
OSBC: 0.9$
FORM 7$
HQS 2.8$
OXGN(New position 0.32$ - think this one is about fo fly, tremendous upside potential, looking for 0.6+)
NIV (new position 2.05$)
YMI(new position 1.45$ - breakout play for me)
So all in all a great week and more to come, lots of small caps are waking up and booming, and there is more to come. Large caps getting overbought soon, but small caps always after the big fishes, so when you see large caps running, its time to load the boat with cheap small caps like I have done this week.
Have a nice weekend and enjoy - long and strong for now !
Hi there, i'm following your opinion from HQS, and i'm wondering if now is the best price to get in, do you think that HQS could be a multibagger? Will HQS keep at bearish or it's ready to start a new rebound?
ReplyDeleteBest Regards
Reaves
Hi Reaves
ReplyDeleteI have a lot HQS in my portfolio right now, and think its a bargain at current prices. I think its a good long term stock with a lot upside potential and great business outlook. But again if the markets over the long term continues to go down it can be dangerous to hold any stocks, also good fundamental stocks. But at least no matter what I am looking for more than 10-20% in HQS. I think it will see 3$+ very soon, so just a bit patience.
Hope you enjoy my blog
Best Regards
Chris