Warrant Watchlist 7/1/19

This week is usually a pretty sleepy one on trading desks. You’ve got the B team in place, with the directive to NOT LOSE money.

So generally, you’re not going to get wild market swings because no one is really making any bets.

Obviously the big news story has been Trump’s talks with Xi at the G20. In my opinion, it really didn’t add up to much and the outcome was pretty predictable.

A “nice” meeting where Trump backed off a little, but you can bet that soon enough it will be “if the Chinese don’t give us everything we want, the tariffs will be back on.”

The other big story this week will be the jobs report on Friday. This should give us more direction on interest rates and whether Powell is ready to cut.

As I’ve written previously, this renewed Fed put should keep a floor under the market, and has been the real cause of the recent rally back to the highs for the year.

A few warrants we’re keeping an eye on…

The first one isn’t really a warrant, but a low priced stock found while pouring through the warrant database. Since the warrant is thinly traded, I told Warrant Observer readers late last month they should pick up the common instead.

Right on cue Energy Fuels, Inc. (UUUU) bottomed and members picked up an almost 28% gain over the next month. Ding, that was our 5th big winner in 5 months.

As I went into great detail on this one to Warrant Observer members, there is a deadline fast approaching for President Trump on what to do about uranium and national security.

I’m keeping a close eye on this one with that deadline approaching.

Second, I continue to watch the Akerna Corp. warrants (KERNW). These have settled down from their MASSIVE run a few weeks ago. But still offer a nice volatility play.

This was a freebie I told you guys about on May 17th, exactly one month before the vote on the acquisition which sent this one skyrocketing (it was MTECHW before the acquisition).

I really, really hope you got some at around $.67, the price it closed at on May 17th when you got my email (you could have picked it up even a little lower the next few days).

If you did, you know the reason why, because when the deal closed it shot up 845%…BOOYAH!!

Finally, I’m keeping an eye on GM for a possible mini-Beach Ball trade next week. Unfortunately the stock has been rising into the July 10 expiration, which may limit the extent of any bounce.

I’ll be looking for a possible pullback Monday or Tuesday of next week for a possible entry. This is definitely not an ideal Beach Ball type trade, but we still may see some lift after the expiration. Maybe a good place to own some call options.

I just released the latest issue of The Warrant Observer a few days ago. This was a special issue in that I don’t focus on a warrant situation, but on a trade that I’m currently doing right now. Traded some of it earlier today actually.

This trade makes me money month in and month out, year after year, and is almost always available. It’s a GREAT summer trade, as I go over in detail the article, because you can check in on it whenever you have the time. Even if that means a week later when you get back from the beach.

Love to have you as a member and make some money together. You can check it out here.

Hope you have an absolutely incredible 4th of July!!!