CVS +.64 to 44.89, thanks for sharing your due diligence on CVS. They are facing lots of headwinds. It will be interesting to see their Q4 earnings report in February. I'll be on the sidelines. Q3 was a big disappointment.

AIRE +.58 to 1.95 on huge early volume of 27M. Nice call on Tuesday that this one could run ! Even at 5am this morning as it began to surge it would have made a great buy at $1.59.

PSIX (34.15) showing volume of 72k on ToS

Merry Christmas and Happy Holidays to Everyone !

CVS -.10 to 44.02, very beaten down and surely impacted by year end tax loss selling and window dressing. A year ago it was around $80. Q3 was a big earnings miss, but expectations are now very low. It might be a 2025 turnaround play. It's on my watchlist.

PSIX +5.15 to 31.04, would have made a nice buy at $27, this morning's opening price .... I did belatedly add a few at $29.05 average.

Have there been complaints that Tesla is not honoring the battery warranty ? 25% degradation would be annoying, yet not covered by the warranty.

TSLA

TSLA cars resale value drops an average of 50% in 3 years according to reports, but the battery is warrantied for 8 years or 100,000 miles, whichever comes first. It's very expensive to replace the battery, but maybe the latest batteries are better ? Also I wonder what a degraded battery is like. I guess it needs more frequent recharging.

CMND +.40 to 1.62, way down from the pre-market high of 2.95. I just bought back a few shares. At the very least it's an interesting story stock and should be a good trader on hope their drug might help alcoholics. I'll be trading it.

PSIX is definitely worth more on the Nasdaq than on the OTC market. I'll be trading it.

PSIX (25.89) - but why did it plunge from the mid $20's to the $15's to begin with ? Right now it's only back to where it was 7 trading days ago ago.

IB offers trading starting at 4am if one uses IB Pro versus IB Lite .... commissions are higher but I might make the switch to get in on some very early morning action. Sometimes I'm just tossing and turning in bed at that hour and wouldn't mind getting up briefly to buy a few flyers and place orders to sell them for 30%+ gains while I go back to sleep ....

AVGR +1.44 to 2.08, another flyer this morning. Anyone who got up at 4am could have seen it start to rocket higher, but still under a $1, and gotten on board for a very swift hefty gain .....

Fundamentals look terrible with a bankruptcy filing likely according to a recent PR, but that's irrelevant if one is just in for a very quick trade amidst a frenzied rally.

CNMD - my 30% gain happened in a mere 8 minutes ..... bought at $2.14 at 7:16am, sold at $2.79 at 7:24am ..... just fun money though, but buying these early morning flyers might be a good tactic for booking quick profits in a matter of minutes !

CMND +1.30 to 2.50 in pre-market after announcing trial for its alcoholic cravings reduction drug .... sounds bogus, but it should get some hype. I'm in for a small trade at 2.14, looking to get out at 2.79 for a quick 30% gain .... haha

https://finance.yahoo.com/news/clearmind-medicine-receives-irb-approval-115500448.html

OPTT (.33) I rolled over my expired December $0.50 covered calls all the way to May for $0.15. It's a 5 month wait until expiration, but the call premiums were huge and the strike price is way out of the money.

PSIX - great news, thanks for the alert .... I just cancelled my remaining two GTC sell orders.

There do seem to more of these crazy 100%+ gainers in a day .... but it's usually not for lack of traders willing to short them .... there just aren't any shares available for shorting because there's a limited supply and they get snapped up quickly. It's the limited availability of shares for shorting that drives the borrow rates through the roof. I suppose a savvy trader might do well, on average, by spotting these rocketing stocks early, buying promptly and then selling just minutes or hours later for a quick 20% or 30% gain. It would be interesting to see statistics for buying the 7am high flyers and placing limit orders to sell for a 30% gain. And if they don't sell within a few hours, then sell at the market price, accepting a smaller gain or a loss. What would be the overall average return on a strategy like that ? It might be pretty good, but maybe not.

PSIX +2.95 to 25.89, sold more shares into the strength today and am down to my last 10%. Wish I had backed up the truck to buy in the $15's last week. I'm now back on the bid, GTC, in the $19's and lower ....

DRCT - this high flyers inevitably fall back to earth, but finding shares to short is nearly impossible, the borrow rates are extreme, there's risk of an inopportune forced cover and the stock can fly much higher before it crashes.

DRCT +4.03 to 4.58, on fire today, a 730% gain for reasons unknown. Maybe just traders playing games ?

ToS shows the volume per interval on the chart. For example, setting the chart to a 1 hour interval it shows volume in SMCI of 14,553 in the 8pm to 9pm hour. It's in the lower left hand corner of the chart.

SMCI 24 hour trading began at 8pm .... so far, so good with the stock up 2% .... of course the volume is extremely light and not very meaningful.

SSK - so far your BUYs are up around 1% on average since 12/18 which roughly matches the 1% gain in the S&P500. I also see that you picked stocks that are down an average of 30% from their 52wk highs .... several of them definitely look oversold. I bought CNXC and added to DIN in the past few days. I also own AES, OGN, BZH, PRGO, WU and RITM.

 
 LOSS FROM 52wk HIGH 
  
 TKR     LOSS      Cur Pr    High Pr   Date of High 
  
 CNXC     -62%      40.48     106.1     01/24 
 AES      -41%      13        22.21     05/31 
 DIN      -41%      30.39     51.35     03/08 
 OGN      -37%      14.58     23.1      08/26 
 CCS      -30%      75.75     108.42    09/18 
 BZH      -27%      27.92     38.22     11/14 
 PRGO     -26%      25.75     34.6      01/09 
 UHS      -26%      180.11    243.25    09/24 
 CI       -25%      276.92    370.83    09/16 
 WU       -25%      10.71     14.19     03/08 
 HASI     -25%      27.59     36.56     11/04 
 NOMD     -16%      16.82     20.05     03/21 
 RITM     -9%       10.94     12.02     09/19 
  
 AVERAGE RETURN =            -30%
                            

SMCI - the news about too few tree plantings is obviously not related to the company's business, but it does cast some further shade on the CEO. We'll see how the stock reacts tomorrow. I see it as a minor negative at worst.

GERN -.17 to 3.49, I don't know if the drug works, but the stock sure has been poison ! LOL

PSIX went from 15.30 to 21.65 in just a few hours .... I've already sold nearly 2/3 of what I bought the past few days.

S&P500 up 102 so far .... I was expecting a down day. Buy the dip mentality remains in effect.

PSIX +4.29 to 20.40, terrific bounce this morning .... I actually got a fill at 15.30 right after the open and then the stock began to surge. Now I'm trimming my position !

The S&P did close in the red, down by 5, after having been up 63 early in the session. I'm guessing we get another down day tomorrow.

SPX

WU +.02 to 10.77, looks attractive as it nears a 52wk low, and I'm tempted to add. But a lot of other stocks have not participated in the post election rally and also look appealing. I think today's selloff in MU is overdone. The homebuilders have also been hit hard by rising rates and look oversold. Some of the banks like CUBI have gotten cheap. Unfortunately my cash position is under 10%, so I have to be selective in what I buy. I am also doing some selling.

PRFX +9.53 to 11.70, a 440% gain on no news. Insane volume of 79M yet the float is well under 1M, a day trading frenzy. I wonder what triggers this kind of crazy action ? Maybe some news leaked out ?

Pain Reform Ltd is an Israeli based clinical stage pharmaceutical company.

Nice early bounce with the S&P up 63, but now fading to up 36 ..... I wouldn't be surprised if we end down on the day ....

SPX

The market has had a great year. The FED's slightly more hawkish than expected stance has served as a catalyst for some overdue profit taking and perhaps a long awaited correction. We'll see if this selloff has any momentum or whether we get a bounce back tomorrow.

S&P500 -141 to 5909, finally a healthy selloff. I think it has further to go. Even TSLA is down 8%, giving back some of the recent huge gains.

Market selling off after the FED announcement -

briefing -

Market Briefing: Fed turns less dovish

The Federal Open Market Committee (FOMC) voted to lower the target range for the fed funds rate by 25 basis points to 4.25-4.50%. It was not a unanimous vote. Cleveland Fed President Hammack dissented in favor of leaving the target range for the fed funds rate unchanged at 4.50-4.75%.

The Summary of Economic Projections, released at the same time as the policy directive that said the "...Committee is attentive to the risks to both sides of its dual mandate," showed an upward revision in the median estimate for the change in 2024 real GDP (to 2.5% from 2.0%) and 2025 real GDP (to 2.1% from 2.0%), the 2024 PCE inflation rate (to 2.4% from 2.3%) and 2025 PCE inflation rate (to 2.5% from 2.1%), the 2024 core PCE inflation rate (to 2.8% from 2.6%) and 2025 core PCE inflation rate (to 2.5% from 2.2%), and a downward revision to the 2024 unemployment rate (to 4.2% from 4.4%) and 2025 unemployment rate (to 4.3% from 4.4%).

Notably, the median estimate for the federal funds rate in 2025 was raised to 3.9% from 3.4%, signaling an estimate for 50-basis points of easing in 2025 versus the prior estimate of 100 basis points. The longer run rate also got bumped up to 3.0% from 2.9%.

The knee-jerk reaction to the Fed news included a sell-off in stocks and bonds, as the balance of today's information reflected a less dovish-minded Fed. The 2-yr note yield, at 4.22% in front of the FOMC decision, shot up to 4.32% in its wake while the 10-yr note yield, at 4.39% in front of the decision, jumped to 4.45%. The U.S. Dollar Index went from 107.00 to 107.58.

Whether there is any notable reversal in these initial moves is apt to hinge on what Fed Chair Powell says at his press conference, which begins at 2:30 p.m. ET, and how he says it. For the time being, the market has been forced to contend with a less friendly development than what it has grown accustomed to seeing in recent weeks and what it had hoped to see in coming weeks and months.

The Dow Jones Industrial Average is down 0.5%; the S&P 500 is down 0.7%; the Nasdaq Composite and Russell 2000 are down 0.7%.

PSIX -1.11 to 17.29, I got 2 more fills this morning, but still have only bought back 1/3 of my peak position. I'm accumulating and hope it goes lower so that I can buy back even cheaper.

The selloff does have momentum so I wouldn't be surprised to see it at $15 or lower in the coming days.

That's a good January bounce list. I already own AES and WBA. Several others are on my watchlist.

WU -.05 to 11.14, I joined you and the board in this one. Hefty, seemingly safe, 8.4% yield. I also hedged with covered calls, selling the Feb $11 calls for $0.55.

TSLA +7 to 470, a new all time high ..... it might be $500+ by year end since it goes up every day. But at some point there'll be a lot of profit taking and the stock will go down. I'll be shocked if it hits $750 next year, let alone $1000, but who knows ?? If the earnings disappoint it could be a down year.

The Magnificent 7 are up a hefty 68% YTD and a stunning 267% since the market bottom on 10/13/22 - By comparison the S&P500 is up 27% and 66% for the two periods - next year will surely be more challenging and perhaps a down year -

 
 YTD - 
  
 TKR    % Change   Cur Price   Start Price 
  
 NVDA     167%       132          49.52 
 TSLA     86%        463.02       248.48 
 META     76%        624.24       353.96 
 AMZN     53%        232.93       151.94 
 GOOG     41%        198.16       140.93 
 AAPL     30%        251.04       192.53 
 MSFT     20%        451.59       376.04 
  
 AVERAGE RETURN =            68% 
  
 Since 10/13/22 - 
  
 TKR    % Change   Cur Price   Start Price 
  
 NVDA     1004%      132          11.96 
 META     379%       624.24       130.29 
 TSLA     109%       463.02       221.72 
 AMZN     107%       232.93       112.53 
 GOOG     99%        198.16       99.71 
 MSFT     93%        451.59       234.24 
 AAPL     76%        251.04       142.99 
  
 AVERAGE RETURN =            267%