SteadyTrade Treats π Everyone is on Vacay βοΈ
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ποΈ 17 August 2020
β±οΈ 11 minutes
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| 0:00.0 | Good morning. Happy Monday. Sted Trade Treats listeners. My name is Bryce Toey joined once again, |
| 0:05.8 | and as always, by Matthew Monaco. We are here today to talk about basically the end of last week |
| 0:12.0 | and the hot stocks and what may be looking for this week. And ideally, at the end of this episode, |
| 0:17.3 | we'll be talking about possibly coming weeks, even months, just a little bit of longer term lookout plan. So the stocks we'll be talking about this week are SKYS and FAMI. And then we'll be talking a little bit about stimulus checks and what we think that's going to be doing for overall economy and the stock market. Remember, this is not investment advice only for informational and educational purposes. Let's dig into it. |
| 0:38.1 | Stock number one is Skies, SKYS. It's Sky Solar. Sky Solar Holdings. I'm sorry. It's a company based |
| 0:44.7 | in Hong Kong. This was an interesting one to me. It wasn't a gap up and they released their news at |
| 0:49.4 | 9.43 a.m. So again, that's why it wasn't a gap up. But the daily chart, very, very ugly. I mean, |
| 0:56.6 | it had just been beaten down from about $6 all the way down to under three on no volume. And then |
| 1:02.0 | Friday came around and traded about a little over 20 million shares on news that a global |
| 1:07.9 | developer, or the Skies, which is a global developer, owner and operator |
| 1:11.0 | of solar panels announced that on the application of the company on August 13th, the grand |
| 1:15.9 | court of the Cayman Islands discharged in its entirety and with immediate effect, it has been |
| 1:21.4 | granted to Hudson Solar Cayman LP. Basically, they're just able to get more business from my |
| 1:26.3 | understanding in a different area. |
| 1:28.2 | It seems a little bit, I don't know, maybe it's good news, but again, the stock price itself speaks for itself. |
| 1:36.2 | Well, it did hold up really well at the end of the day, which in my opinion, Matt, I'm sure you've seen stocks that release news at really odd times. It's not a gap up, so shorts aren't getting stuck in it right out of the gates. It was really choppy at the end of the day. It made its move up. Opened up the day at $3.22. Hit a high of $5.28. So, you know, what a 60, 70, 80% move? I don't know. Not doing math off the top of my head. Matt, that's your, |
| 2:01.3 | that's your strong suit. You know, I didn't do too well on calc. It's interesting that it's holding up so well. And again, $6 will prove to be a very big resistance area. But the fact it's holding well after hours, they could be priming for another PR, which could send this on a multi-day run, but we haven't seen many multi-day runs lately. So it's interesting to me, |
| 2:21.0 | Matt. I don't know if you've even really taken a heavy look at their news or the stock itself, because I know this isn't your bread and butter. And you weren't trading Friday. But what do you make of it? I took Friday off. You know, we were preaching in most of our episodes last week, like it's's a little slower and definitely was a little slower on Friday. Didn't really a lot in watch. So I just took the day off. And you don't have to trade every day. I don't want to sound like Tim Sikes too much here. But like it's okay to like be a quote unquote retired trader. And because every day there's not going to be a trade you |
| 2:50.9 | only got to play the trades when they're there and sometimes it's like once a month I know we're |
| 2:56.7 | spoiled in 2020 and there was like five good plays a day for the last several months but it's |
| 3:02.5 | okay to take it slow uh this one my thoughts are California had like a blackout over the weekend. |
| 3:08.7 | I saw some tweets about that and California is very big on solar. |
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