The indices are mixed again, and breadth is just slightly positive at around 4100 gainers to 3600 decliners, but the good news is that stock pickers and traders continue to find good action. You have to be selective, but there is some very interesting activity for those that can move fast.
A good example is Lucid (LCID) , which collapsed to the low $15's in the pre-market as the unlocking of restrictions on the selling of PIPE shares caused a panic. The stock immediately rebounded at the opening bell and is now hitting intraday highs around $18.20. I played the trade but sold way prematurely and am on the sidelines now.
My big winner yesterday was ELYS Gaming (ELYS) . The stock is being flipped aggressive this morning, and I've used the opportunity to rebuild a sizable position. I like this story, and I think it will gain traction once the short-term exit.
A couple of other names I bought on weakness this morning are Beyond Air (XAIR) and Urban-Gro (UGRO) , which I have discussed previously. Also, Senseonics (SENS) is an interesting setup that I am accumulating.
I recently started a new Registered Investment Advisor firm in North Carolina called Hammerhead Financial Strategies, and as I onboard new clients, I have a substantial amount of capital to put to work and that changes what I do to some extent. There are plenty of interesting opportunities right now, but the key is to move incrementally as we head into the seasonally best time of the year.
