The final stretch of a race is always the most intense. Leads are closed by competition, everyone is running on fumes and the ones who can squeeze that last drop of energy out of themselves will push past the rest. Without pain there is no gain they say.
This last month BBIG saw a massive sell off initiated by the Nasdaq letter the company was sent. News sent the price rolling all the way down to the 50c levels which have yet to recover. We saw a short burst to high 70c ranges the other day but it was short lived.
Not much to report lately except I'm still in the trenches holding and selling covered calls. Today I plan to recoup a few more dollars off my 500 shares which were released over the weekend.
CORZ had quite a day when it rocketed out of nowhere and I was able to take profits. I used the funds from selling 100 shares of CORZ after it popped up to purchase some Tesla but that seems to be doing worse than ever before.
It would probably be a good time to slowly dollar cost average into Tesla as it finds its support zone and bottoms out. It is inevitable that Tesla buyers will return eventually and most of the decline is probably due to Elon Musk selling shares and the FUD surrounding that. It has never been a better time to be in the finance markets though since we are at extreme discounts at every corner.
Until next time my friends! Always stick to your strategies and find ways to hone them for the best.