Newsletter 02/07/2024

Newsletter 02/07/2024 Sponsored by SpeedTrader

Author

Mitchell Hennessey
February 07, 2025

Quote of the Day: When asked to surrender during battle, John Paul Jones replied, "I have not yet begun to fight!" - This is a personal favorite of mine. The Battle of Flamborough took place on September 23, 1779. Jones, was outnumbered and outgunned, but fearlessly initiated the attack. This was a significant victory for the American Navy. I personally really enjoy these stories of courageousness and leadership. It certainly helped during trying times.

I know I have been slacking on saying thank you but I do read every post / email and appreciate you all. Each one makes me smile.


SpeedTrader is a sponsor for the Newsletter!! As many of you know, I trade small caps. I've been focusing on small caps using SpeedTrader as my go-to brokerage for the past 8 months, especially for shorting stocks. TD, ETRADE etc. are so unreliable. My fills were also terrible. I would see the price LOWER and still have trouble getting filled. I use SpeedTrader because they have TRUE Direct Market Access, so I can execute my trades. Plus, their customer service is top-notch —always there when I need them.

Check out the promo rate and full details by clicking on the banner/logo above or any of the links. Remember, I can only share what I personally use SpeedTrader for—I can't offer their services or answer questions about them directly.

This trade below is from November. I am able to route through FAN, ARCA etc. using SpeedTrader to help me get the best execution price. The commission rate posted on the link above is $.0015 per share when using code HUGHHENNE. Be sure to read the web page and/or contact SpeedTrader for details.

This was my trade 01/27 for NVDA. Just as discussed yesterday - Patience. This was a 2.5% trade. I never gave it the opportunity to go against me. Without the tools from SpeedTrader and patience I might have had 2…3 losses prior to this and would just be working to make it back.

If I were a risk manager at a fund this would be on every traders sheet today:

  • Small Cap gainers ill be watching: CDT - I would be careful longing this. They need to raise cash. My hope is they bring it higher 1.5 - 1.9 and then start selling paper..

  • SPY - Inflationary slowly climbing up. Unemployment rate fell to 4%

  • AMZN has very very recently over past few sessions been showing some weakness… interested to see if that continues

No interest: 604.73 - 606.99

Above Targets: First target is 607.31Second target is 609.1 Third target is 610.6 Reach Target is 6012

Below Targets: First target is 603.93 second target is 602.63 third target is 600.98 Reach Target is 598.93

AMZN LEVELS:

No interest zone: 231 - 233

Above Targets: First target is 2234.5 second target is 235.93 third target is 238.08 Reach 242.52

Below Targets: First target is 230.63 second target is 228.54 third target is 226.67 Reach Target is 222.93

GOOD LUCK AND BE SAFE

H.H

“Hazard Zet Forward”

PLEASE READ: I am doing this because I love the community and enjoy talking about stocks. I have a right to talk about stocks and I’m going to do just that. Nothing is advice. I am not a financial advisor. This is not advice (seriously, i mean it). I am not a pro. I could be buying or selling any ticker mentioned at any time. One more time - I could be buying or selling any ticker mentioned at any time. I will do what I want and I want you to do what YOU want. Any money made / lost is the result of your personal decision - “Daily Newsletter” “Hugh henne” “Mitch Hennessey” or anyone / anything connected to any of those are not liable.