Internet Issues? Nothing's Stopping Me From Looking for the Next Great Trade

The biggest positive I see is a continuation of speculative trading action.
Stocks quotes in this article: SOLO, AYRO, NIO, GBTC, PEIX

I'm dealing with flash floods and internet outages this morning in North Carolina but like any good trader that isn't stopping me. 

I've been looking for some opportunities in a market that continues to hold up.  Political issues are being ignored and the rapidly growing number of Covid-19 cases is not having any market impact. 

The biggest positive I see is a continuation of speculative trading action.  Traders are still looking for opportunities and are dealing with the recent rotational action quite well. It would be very easy to embrace a negative narrative, but it isn't happening. 

I'm seeing some good action in the EV sector with small cap names like Electrameccanica (SOLO) and Ayro  (AYRO) coming out of nice technical pattern. NIO (NIO) continues to enjoy super momentum.  

Yesterday I highlighted (GBTC) which is the Bitcoin play and that continues to show good momentum 

One covid play that I feel is a particularly good value right now is Pacific Ethanol (PEIX) . The company has completely transformed itself recently and is now a major supplier of medical grade alcohol used in sanitizers.  This is not a business that is going to slow down anytime soon. PEIX has already contracted most of its 2021 production and will be enjoying tremendous free cash flow.  

I hope to have my internet fully restored later today but it is going to take more than that to prevent me from looking for the next great trade. 

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At the time of publication, James "Rev Shark" DePorre was Long SOLO, AYRO, GBTC PEIX.

TAGS: Investing | Markets | Politics | Stocks | Trading | Coronavirus

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