June Positioning
What is going to be happening this month is positioning for the next 3 month holds for shorts due to the triple witching on June 24. They will be looking for overpriced with low interest rates. Look for oil stock rates to start dropping and prices to increase until around June 17 or their ER release. Most will report ER within the next 2 weeks. No matter how good the ER is they will start their decline right after. Where you will see big breakouts will be in Health sector. These were heavily shorted as the virus has waned and vaccinations took drastic declines. Shorts will be covering with monkeypox on the rise so any that have high interest rates will be the best. Lastly any stock that had an IPO or debut in mid-January to end of February will be coming to the end of their lockup agreements and will have to recall their shares from short sellers if they want to sell them. The best are the ones that have way more outstanding than free float shares with the highest interest rates. My portfolio reflects these predictions. Oil stocks will be changed before their ER is reported. Once the lockups are called back those will need to be sold and another chosen.
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Mcsnacks H TupackOP : Let’s keep it all green
MisterJ420 : I was just telling my gf yesterday that I might pull back on hymc and go into health for the next few weeks or months. you validated what I was seeing with big tutes shifting to that sector
Fundamentalist : Good play
Mcsnacks H TupackOP MisterJ420: Its from the beginning of last quarter when they were all shorted in March. Look for ones that haven’t made a big move up and has been downtrending since March like $KALA BIO (KALA.US)$ $China SXT Pharmaceuticals (SXTC.US)$$PolarityTE (PTE.US)$ $NeuroSense Therapeutics (NRSN.US)$ $Timber Pharmaceuticals (TMBR.US)$ or $Evofem Biosciences (EVFM.US)$ they should run before June 27th
AnnSG Mcsnacks H TupackOP: @Mcsnacks H TupackHi Sir, which will be the best ?
Mcsnacks H TupackOP AnnSG: All of them did good except for SXTC but it’s day is coming.