Back up the truck

It's time to buy small-cap stocks

Author

Jason Bond
November 27, 2023

Good morning,

Jason Bond Picks is on a roll lately with the swing trades. Let’s see if we can add to that Monday.

Right now I want to be looking at quality small-cap stocks like HIMS, ASTS, ENVX, and AEHR just to name a few. 

I have about 20 brand NEW names I’ll be watching into Christmas followed by the January Effect.

I particularly like AEHR as a January Effect trade. The company is a pick and shovel stock in the semiconductor arms race. 

Here’s the weekly chart.

Small-caps are at some of their cheapest valuations in recent history. Now that the labor market is cooling, an end to the Federal Reserve’s interest rate hikes could spark a monster rally for the smallest of stocks. 

I believe the IWM or Russell 2000 small-cap index to breakout above $200 in quarter 1 of 2024 and climb into the $220’s, a whopping 24% move. 

Here’s the weekly chart. 

And with the wind at its back, good small-caps could explode higher.

I’m in 6 small-cap swing trades from last week. My stop loss rule is -3% and profit goal 5-20% in 1-4 days.

OTLY

  • Entry: $.74

  • Range: $1-$1.20

  • Goal: $.82-$.86

  • Stop: $.72-$.71

Notes: Uptrend started in November.

GEVO

  • Entry: $1.17

  • Range $1.40

  • Goal: $1.27-$1.29

  • Stop: $1.13-$1.11

Notes: Spikeability since October.

BBAI

  • Entry: 1.85

  • Range: $2.50-$3

  • Goal: $2.05-$2.15

  • Stop: $1.74-$1.72

Notes: AI is not done.

ANGI

  • Entry: $2.17

  • Range: $2.60-$2.80

  • Goal: $2.30-$2.40

  • Stop: $2.07-$2.05

Notes: Attractive buyout valuation. 

VERI

  • Entry: $2.21

  • Range: $2.80-$3

  • Goal: $2.40-$2.60

  • Stop: $2.09-$2.07

Notes: Broke 10-day EMA last week. 

NRDY

  • Entry $2.72

  • Range: $3-$3.30

  • Goal: $2.85-$2.95

  • Stop: $2.64-$2.62

Notes: Broke 10-day EMA Friday.

Then there’s my LQMT long-term trade which rose 64% last week on some of the best catalysts we’ve seen in years.

Here’s the weekly chart.

The catalysts are active which means they should lead to more favorable news and drive the stock higher. 

The level II shows very few sellers from $.07-$.15 so I predict it’ll be around $.10 soon and trend toward the 2022 highs. 

Again, our unmissable Black Friday deals end at MIDNIGHT!

Let’s go!

Jason Bond

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