Newsletter 12/19/2024

Newsletter 12/19/2024 Sponsored by SpeedTrader

Author

Mitchell Hennessey
December 19, 2024

Quote of the Day: “The ideal form of work feels like play, but still accomplishes something useful and valuable.” - James clear

NUKK $1.30 to $80 this week…. This market is absolutely insane… This company in literally garbage. About to be delisted….Had $6,000 left on the books… 75% of the board resigned… From most recent 10Q “The company has incurred a net loss of approximately $12,974,000 and generated negative cash flow from operating activities of approximately $2,619,000 for the nine months ended June 30, 2024.”

Also I lost money - purely a system trade but I know of guys out there who rode it short from $3 to $27… If you went short 15,000 shares at $3 and stopped out at $27 you would be down $375,000…. INSANE… The market price is dictated by what the next person is willing to pay but hard not to feel bad especially when the company is a nothing burger imo

SPY Levels:

No interest zone: 588.99 - 592.6

Above Targets: First target is 593.71 Second target is 595.52 Third target is 597.32 Reach Target is 600

Below Targets: First target is 586.76 second target is 585.39 third target is 584.54 Reach Target is 582.7

AMZN LEVELS: AMZN has been a monster…

No interest zone: 222.63 - 224.20

Above Targets: First target is 224.73 second target is 225.82 third target is 226.49 Reach Target is 227.58

Below Targets: First target is 221.88 second target is 220.53 third target is 219.7 Reach Target is 218.35


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.

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.