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jrf30

09/23/25 11:16 AM

#700 RE: nbm16yankees #699

My brief thoughts on it.

It hit $1.09 in August. Last month. It closed yesterday at $0.52. Down over 50% in one month, on nothing specific. Tells me it is too aggressive for ME.

Think of it this way. UAMY was $4.13 on the same day. August 14th. Imagine UAMY being at $2.03 today? Nope, neither can I. Even if it went down, with all the things going on for it, I could not see it hitting $2.03. Period. Because UAMY has things happening to it. XTPT is a momo play, and a gamble. Nothing concrete to hang your hat on. It might go up 500%! I don't know. I'm just saying the RISK is more than I take. I don't go for the huge winners and huge losers. I go for steady. And once in a while, a big winner like UAMY, but even then, with options. Most of my plays are big board. Options. This year, UNH, PLAY, AMD, ARKB, CCL, NCLH, FCX, IONQ, MCB, WAL, NVDA, SNAP, SRPS, VXX and UAMY, to name a few. Notice UAMY only one this low. Because it had actual news and a change happening to it. Plus the options. I had to call in every option order for special approval, even the covered calls, back in December and January. Because it was thinly traded. Now, I own over 1,000 of the November $2.50 puts (Which again, I feel VERY good about) and I didn't need any special approval. Just a lot of margin space. I am very happy averaging about 30% a year, playing the philosophy I mentioned prior. Mostly on big board stocks, in the money calls. I don't need to gamble. So I'm not one for XTPT. I've also done a lot of pre IPO stuff, but that was for my younger days. I made huge on some, and lost all in various endeavors. Don't do that any more.