Stocks Recently Sold: CCCC, GCT, PATH. CCCC Triggered model sell price of $ 5.62, stock hit a low of $ 5.49 on Friday 1/19. Need for stock to stabalize a little before rebuying. I still believe this stock has growth potential. GCT was on a solid upward trend. However, after this past week, the SP formed two sharp SP declines that were > 10% in less than a month. On 1/12, GCT closed at a low of 20.11, which was a sharp spike decline of 14.3% below former PSP of 23.47. On 1/19, the SP formed low of 19.90, a 10.2% sharp decline from former peak of 22.16. I am going to sell GCT right now and let the stock breath. I still believe it’s a great solid growth long-term stock. On 1/9, the 10D line decline at an angle less than 25 degrees from the vertical.
New stock buys this past week: DOCU, GMED, DWAC
Ludicrous Stock Portfolio - Current Holdings
Sell Now Triggers: CBAT, MPAA, SID, ZYXI
On 1/17/24, CBAT closing stock price was 1.06, which is a 15.9% decline from former closing peak of 1.26. This is the second greater than 10% decline in the form of sharp stock price peak to low declines. MPAA 4-6 month horizontal pattern in stock price. That is a sell signal for ludicrous stock model. On 1/17/24, the 10D closing moving average line declined at an angle less than 25 degrees from vertical (with indicator set on one-year one-day increment chart). This is a a Ludicrous model sell signal
New Buy Now Triggers (1/19)
AVIR (Biotechnology): On 1/19, a new buy trigger pattern formed as an inclining 10D line crossed an inclining 200D line, with the stock price more than 2% greater than 10D, and the 10D greater than 200D. Ludicrous stock model process is to buy on 1/22 market open. This stock could grow wings to reach the two year high
RNG (Collaboration software): Ludicrous Stock model buy trigger occurred after market close on 1/17, as 10D shifted to an incline. Buy price is 1/18 market open 33.94
Stocks on Watch to Buy List
AEVA, AMRN, AUDC, BAND, BAX, CCI, CLOV, CNXC, CONN, CROX, DOCS, DORM, ENV, FTNT, GCO, GRIN, HBI, HUBS, IRTC, JBSS, KIRK, LESL, LITE, MASI, MTCH, NWL, OUST, PYPL, TASK, TDC, TDOC, TGT, TSN, TTGT, TUP, UEIC, UI, UPLD, XOS, ZD, ZIM, ZUMZ.
Market Status Update Ludicrous Market timing model status is green. This means 100% invested in equity market index.
Best of luck on returns,
Joseph Furnari
Founder – Ludicrous Returns LLC