UGL trade ideas
GROWGROW asset managers 100mil market cap they own and created JETS etf also own HIVE (crypto mining)...reopening/crypto play........its more about ppl getting excited about reopening then the actually success of reopening....since they run the ETF weather the ETF goes up or down as long as the its AUM grows so will this stock
U.S. Global Investors, Inc. Short term Trade U.S. Global Investors, Inc. engages in the provision of investment advisory services. It operates through the following segments: Investment Management Services, Investment Management Services-Canada, and Corporate Investments. The Investment Management Services segment offers a range of investment management products and services to offshore and exchange traded fund clients. The Investment Management Services-Canada segment comprises of investment management products and services in Canada through its asset management firm. The Corporate Investments segment invests for its own account to add growth and value to its cash position. The company was founded in 1968 and is headquartered in San Antonio, TX.
GROW - Bulling & Still GrowingU.S. Global Investors, Inc. engages in the provision of investment advisory services. It operates through the following segments: Investment Management Services, Investment Management Services-Canada, and Corporate Investments. The Investment Management Services segment offers a range of investment management products and services to offshore and exchange traded fund clients. The Investment Management Services-Canada segment comprises of investment management products and services in Canada through its asset management firm. The Corporate Investments segment invests for its own account to add growth and value to its cash position. The company was founded in 1968 and is headquartered in San Antonio, TX.
SHORT INTEREST
277.41K 09/13/19
P/E Current
-9.20
Price to Sales Ratio
5.57
GROW overall positive directionPlaying Trading Simulator Game:
I bought 1000 shares at $4.71 on 4JAN18 because of the positive jump in price on 2JAN18.
I was guessing it would make a complete jump above my lower trend line.
I should have guessed that the lower trend line is now resistance.
Currently in the green.
Need to decide if I will hold or order a trailing stop.
Daily price range has been 10 - 20 cents lately.
Weekly Candles, with breakdown of BUY vs SELL volume areasNASDAQ:GROW #Early look at areas where more buys/sells are made. Details on chart outline what this means you should be able to therefore expect in these areas. I currently have a core position in GROW, and I am selling up to 2/3 of this core position, which began with an avg of 3.64, on large spikes in price, and then rebuying total position on pullbacks to ride wave back up. This is currently my second trip with this security, and my avg is now 3.79 after rebuying at lows. In my opinion, area up to 8.82 is possible on this next leg up, with possible areas of resistance along the way. I currently plan to sell part of my position at 7.41 area, then the remainder at around 8.30, where I believe additional resistance may be encountered. I will then be rebuying dips once again, rinse, repeat. In my opinion this has the potential to be a $35-45 security by EOY.
GROW A Quick Daytrade?Chart Details: GROW has shown strong support around $1.60 and hos been changing its direction in the previous weeks. My graph shows that GROW ended above resistance Friday 07/01/16. This could mean that there is another rally to the next resistance line at about $2.60. GROW has already had a gap up from Friday. It might be possible that we see another price gap on Monday.
*Disclaimer* This company is not recommended to be held for a long period. Make sure to cover downside loss or place a stop sell.