06-05-2020, 06:09 AM | #1167 |
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Also let's talk volume for those that hear it...but not quite sure baout it.
A stock can go from $2 to $20.......but volume determines how long it takes to get there. It's affected by Market Cap, Float, etc. Below is an example. When you see a stock with low float which means they aren't that many public shares available, if there is a catalyst....the volume of people trying to get in goes up dramatically and those shares are worth far more than if a company has a ton of shares out there to buy. Dilution is an enemy of the float. When it's time to sell...you want people clamoring to get what you own. You could have a stock worth $100....but if no one is buying you just have a stock worth $100. That is where you get into Level 2 Charts. I highly recommend looking at those and learning how they work. They let you know what the bid/ask is going for. In my example below..you will see bid on the left and ask on the right. This is Xspa. This is something you should always consult if buying something that is "hot" as it allows you to see resistance, volume, and what the "spread" is. Volume right now is light. Yesterday it was over 100 million. It will ramp up again like crazy. Volume is how you set up scanners to alert you that something is going on.
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06-05-2020, 06:55 AM | #1168 |
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Also keep in mind....Fridays are typically "sell-off" days in the market!
So don't be swayed if you see your holdings drop some. It's always been like this!
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06-05-2020, 08:04 AM | #1170 |
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CDEV is another one that COULD break out. It's at 1.23...but if it hits 1.40...things could get interesting! Volume is slowly building. Almost 175K this morning.
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06-05-2020, 08:08 AM | #1171 |
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Also ACHV is primed to run. Just don't chase it!
If you can get in at a dip at .45 or less...you are good.
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06-05-2020, 08:34 AM | #1173 |
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XpresSpa Group Signs Contract with HyperPointe™ for Airport-based COVID-19 Screening andTesting
https://investors.xpresspa.com/node/12311/pdf
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06-05-2020, 09:05 AM | #1174 | |
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06-05-2020, 10:26 AM | #1176 |
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06-05-2020, 10:30 AM | #1178 |
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That was a buy-in earlier. I would tread carefully with that one as there are some variables that could swing it either way.
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06-05-2020, 10:32 AM | #1179 |
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Between .90 and a 1.00.
Now it may not hit that today...but it's worth that amount! But remember...."green is green".
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06-05-2020, 10:34 AM | #1180 |
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06-05-2020, 10:40 AM | #1182 |
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Don't worry about it...there will be more that come along!
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06-05-2020, 11:01 AM | #1184 |
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06-05-2020, 11:09 AM | #1185 |
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06-05-2020, 11:12 AM | #1186 |
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CHFS....I think we could see a Buck next week sometime. It;s at .49 last I looked...so double your money anyone?
Again....do your own research. I don't want anyone to lose. However...I did buy in.
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06-05-2020, 11:17 AM | #1187 |
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Yeah, being a Covid play it will go up and down. It will eventually get up there when people realize what's happening. Right now it like the movie where the dog yells "Squirrel".
But if you got in at .50....I could see taking .75 next time it comes around so you can play something else. These things run in 1 month cycles...a lot of swing traders. Another big one that my friend has been in for months. Ship. Buys in around .12 for like a 100K shares...then sells at .18 within a day. It has made that same run for the last 5-6 months about once per month. That's how day traders kill it.
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06-05-2020, 11:26 AM | #1188 | |
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Still holding for more though!!!!
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