Indexes ended up alright, but small cap space was weak today. Limited action from me as anticipated. Just playing out my current positions for now. Limited trades right now. Took a larger than usual position on an overnight play. Down a little at close, hopefully tomorrow plays out better. Here is the recap.
OH account:
Funds all settled and opened a new swing trade. Got a position in WATT. This is the best technology I've heard coming out in a while. I think it will take off once readily available. Works like wireless internet, but charges batteries like your phone. Do not need to plug in your phone at home, just have to put it close enough to the router like device. Rumor is 15 ft right now and working on 30 ft radius. Big market, big opportunity. Quiet period ends in about 2 weeks. Hoping I caught the low.
IB account
Sold NEON for a loss. Did not get the action I wanted and forced to sell for a loss. Looking back should have sold earlier when first doubted stock. Need to learn that lesson. Hard with limited trades.
Bought JASO. Bought near its highs of the day aka bad entry point. But rumor is they have a deal with Tesla for charging stations and Tesla has said they are going to spend millions (I think hundreds) on charging stations. Some foreign magazine reported the deal is real, but hoping for better confirmation. Would like stock to shoot up if/once announced by JASO or TSLA but willing to hold if it needs to climb gradually as people realize importance of contract. Right now willing to hold for about 2 weeks for a swing.
JASO got one fill above closing price last I looked. Hopefully that is a good indicator for what is coming tomorrow. Tomorrow like today will be mainly just monitoring positions. And maybe a late play. Could change if one of open positions spikes positively for me. Plan is a buy in last half hour of day tomorrow for an overnight gap/morning spike.
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