Stink bids in on NOVRF, KWEB

I haven’t made any changes yet today, but put in “stink bids” (low-ball bids) on both NOVRF and the KWEB etf. I will post the daily NOVRF chart below, but in each case we now have a good, strong reversal day. Today its NOVRF up over 16%, and Friday it was KWEB tacking on over 4%, so these two seem like they are trying to turn the corner, which means I want to get up to a full position as soon as possible as long as at favorable prices. Long time readers know I hate chasing a stock by paying, but in NOVRF’s case, you can see its the first good day in a long while, so I’m definitely not paying up on it!

The KWEB etf is pulling back today a couple percent, after having strong Friday. There is lots in the news about the Chinese government cracking down on internet giants over there, but it’s hard to put price on news, so we will let the charts remind us what to do. I’ve posted enough KWEB charts and nothing much has changed, just the price. Let’s see if they can push it a little lower and give us some great fills at low prices. As always, members should check revised stop levels, position sizes (most important), and unrealized gains and losses on the tabs above. I post DAILY screen shots of the typical account I manage for friends and family, a trader should find this very useful and informative, and it can not just make them a lot of money, it can save them from some grave errors like cutting winners too soon.