|Day Low/High||6.42 / 6.98|
|52 Wk Low/High||2.60 / 11.20|
This simple option strategy, which I continue to use with small-cap biotechs, is one of the easiest and cheapest risk mitigation approaches an individual can take.
Quite a few stocks are fading right now -- not due to poor fundamentals, but due to lack of buying interest.
Karyopharm Therapeutics and Gamida Cell are promising companies that have seen their shares pull back significantly in recent weeks.
Here is how I plan to trade them from here.
The interest in stock picking keeps the mood very positive, and I don't see that shifting too quickly.
The main themes are bitcoin, cannabis, stocks priced under $10, small biotechnology, and small-caps in general.
Study those charts and be ready to act as things develop.
To navigate this market effectively you have to keep looking at leading sectors and themes and watch where the money is rotating.
My favorite group at the moment is cannabis.
This looks like consolidation after a big run rather than a major shift in market character.
The electric vehicle company gets included into the S&P 500 before the bell on Monday, and here's where I see good buys -- and some volatility.