A Low-Priced Biotech Is Back in the Bargain Bin – And I’m Adding
This beaten-down small-cap offers rich options premiums, and an attractive setup.
This beaten-down small-cap offers rich options premiums, and an attractive setup.
It is difficult to hold a long position in a stock that is not keeping up with the market trend.
The hardest part of this market is not financial. It is the feeling that everyone else is getting rich, and you are doing something wrong.
Let’s scan through the headlines for the stories of the week that speak to our Pro Portfolio holdings.
| Symbol | Transaction Type (Sell/Buy) | # Shares Traded |
|---|---|---|
| SPY | Buy | 65 |
| AXP | Buy | 80 |
| URI | Sell | 100 |
| PLTR | Sell | 450 |
| NVDA | Sell | 525 |
We are buying SPY and AXP.
| Symbol (Add to Bullpen) |
|---|
| QQQ |
| MMM |
We are adding QQQ and MMM to our bullpen
| Symbol (Remove from Bullpen) |
|---|
| NIO |
| idxx |
We are removing AMAT and MMM from our bullpen
| Symbol | Price Target |
|---|---|
| META | 600 |
| CRDO | 230 |
| Symbol | Panic Price |
|---|---|
| META | 520 |
| CRDO | 140 |
We added to two holdings this week, and are eyeing these others right now
In response to a number of emails I remain short the following high octane stocks: $AMD, $INTC, $MU, $SNDK, $NVDA and $TSLA.
Thanks so much for reading my Diary today and all week.
Enjoy the weekend.
Be safe.
Position: Short AMD (S), INTC (S), MU (S), SNDK (VS), NVDA (S), TSLA (S)
After-Hours % Advancers

After-Hours % Decliners

Closing Volume
– NYSE volume 9.5% above its one-month average
– NASDAQ volume 6% above its one-month average
– VIX index: up 7.01% to 18.47
Breadth

S&P 500 Sectors

% Movers

Nasdaq 100 Heat Map

Closing S&P 500 Heat Map

The S&P 500 closed at the lows of the day for the first time since March.