TZA Buy Stop Lowered Again, NBEV Sell Stop

While NBEV is up 45% since we bought it mid-March, and had gained as much as 81%, it's disappointing that it only traded sideways the past week while general markets shot higher.

We expect the bear market bounce of the past month is likely over, or nearly so, so we'll place a protective sell stop on NBEV at $1.44

NBEV closed today at $1.51

We're lowering the buy stop on TZA again, now to $30.50 with a new buy limit of $34.00

TZA closed today at $30.16



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TZA Buy Stop Lowered

We're lowering our buy stop on TZA from $45.00 to $37.50 with a limit of $40.00

TZA closed today at $36.91



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Selling AMLP +26% in 5 weeks, STNG +35% in 5 weeks, Buying TZA

We entered six long position on March 16.

Of those, two have already been sold for huge quick gains:

USLV +79% in 3 weeks.

LL +43% in 1 month.


Today we'll sell 2 more:

AMLP, which currently trades at 4.60, netting us +26% in 5 weeks.

STNG, now trading at 25.05, netting us +35% in 5 weeks.


We'll buy TZA via buy stop at $45 up to a limit of $47.

TZA  currently trades at $42.63



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Adding IMT

In October of 2017 we offered three penny stock ideas; SIR, SBW, and IMT.

Just over a week later SIR had already risen by as much 287% and soon after we booked an 87% gain on that position.

We were eventually stopped out of our SBW holding at a loss of 44% (original entry price $0.17 stopped out at $0.095) and we may re-enter it eventually.

So it goes in the penny stock universe.

IMT was trading at $0.045 at the time, and we suggested having no stop in place.

It traded mostly sideways in the nearly 2.5 years since, at one point rising as much as 88% to $0.085

In March of this year it fell during the liquidation that hit all stocks.

IMT now looks stabilized between $0.015 and $0.025 and we'll accumulate a 2nd position at this level.  

Here's its 10-year chart, showing a long-term down trend (barely) broken:

Currently commodities are hot, mostly gold, silver and uranium, all of which IMT has exposure to.

International Montoro Resoures is junior venture company that obviously carries very high risk, like any penny stock, as does any stock especially in today's uncertain markets.

No stop on this.  Risk of loss is 100%, while the upside reward is many multiples of that.

IMT has a relatively low float, so if or when serious buying comes into the stock it could appreciate rapidly; keep an eye on it.

IMT currently trades between $0.02 and $0.025



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Selling LL +43% in 1 Month

We bought LL the morning of March 16, at $4.10

It's gone as much as 67% higher, and at yesterday's close was up 43%.

We'll book that gain at the open.



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Sold USLV, Up 79% In 3 Weeks

We entered USLV at the open on March 16 and at today's close just over 3 weeks later it's up over 67% (up 79% at today's high).

Our USLV position was sold today.



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Bear Market

Ignore the nonsense that stock markets have already bounced back into a "technical bull market".

Ignore "experts" trying to shout "opportunity of a lifetime" louder than the next - particularly those who were screaming "imminent melt-up!" six weeks ago - and forget the irresponsible idiocy of projecting new all-time highs within a few months due to a "V-shaped recovery".

Miracles can happen, certainly.  However miracles are not prudent to speculate on, or invest in.

Stocks were extremely overvalued in 2017 and 2018, so a return to share prices last seen in 2017 and 2018 - against a backdrop of a far worse and much more uncertain global economy - is not suddenly "value pricing" just as it wasn't value pricing back then.

The Fed is a false idol and always was.  It can keep flailing via its make-it-up-as-you go policies but at best will only prolong what's necessary.

Bottom line: bullish sentiment remains sky-high and virtually everyone's looking to hold-on or to buy stocks. 

There's been no sign of the capitulation typically seen at major bottoms.

Many haven't even seen their March account statements yet, or quarterly reports from the funds in which their life's savings are - or were - "invested". 

Be patient.  

COVID-19 is not the cause of the market plunge; it was simply the catalyst.  Therefore we'll rely on the methods that had us levered short the market to an extreme and unprecedented degree before anyone heard of COVID-19, and we'll look for buy signals from those methods and not from declining COVID cases.

There will be massive rallies.  There will be renewed hope doomed to be dashed.  That's how bear markets work.  The current bullish sentiment is evidence of that.  Arguably so too in precious metals.

Again, be patient and go slow.  Don't risk and lose the great gains made so far this year.

It's a long way down.



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