Cere is my play this week

Question

Oversold thats all I can say. The have enough cash. I'm going to try to get in the high 1s or low2s. Goodluck and let's makes some money off of this.

One more VElTI -- I think is has a chance for a quick run up, but I don't want to pay these high prices. So I will wait patiently until it gets into the $1.80s 50% then the other 50% if it goes lower.

bill702 · Answer

Oversold thats all I can say. The have enough cash. I'm going to try to get in the high 1s or low2s. Goodluck and let's makes some money off of this.

One more VElTI -- I think is has a chance for a quick run up, but I don't want to pay these high prices. So I will wait patiently until it gets into the $1.80s 50% then the other 50% if it goes lower.

Michael990 · Answer

Volume of 2000 shares a day on a $2 stock??? No thanks

bill702 · Answer

Yep, it has low volume and a low float. It trades more then 2k a day not sure where you got that number. A lot of insider buying in the last year. It's trading basically at the amount of cash they have. Not much debt and think biofuels have a shot. It's at levels where you would think it's a Chinese company. Definitely oversold. Got in today at $2.20.

The other one was VELT, damn autocorrect not sure why it came up VEITI. I have been trading this of late and made decent money, got out last Friday at 1.98 from an average of 1.63. Hoping for it to come back down a little bit to get back in for the long haul. I just thought the market would tank in the beginning of the week and didn't want to leave the profits on the table. I sold every share I had Friday except UVXY and a few penny stocks in my trading account.

bill702 · Answer

That was a few days longer then expected, but sold half for a little above a 20 percent gain. More insider buying this week so will hold some for a while and move onto the next stock.

bill702 · Answer

Boo I sold my latest CERE position on 6/6 just to watch it go up 100 percent the next week. I hate when that happens you sit here and trade the thing and once you exit your position the damn thing skyrockets.

Cere is my play this week

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