We are back! — My Main Short This Week ($HGRAF)
Small Cap Update
Sorry for the time off guys — but we’re back!
My main short going into this week is $HGRAF. The stock just had a parabolic breakout move from the $3 range all the way up to almost $9. That’s the type of move I usually look to fade.
I’ll be looking to get short anywhere above $6.30, but ideally close to $7. The company did two offerings last week, issuing shares and warrants, and it looks like a lot of those shares were dumped into the market right away. My risk is the mid $8’s on this trade.
I don’t think it gets anywhere close to those highs again, but the one wildcard would be if the company announces an uplisting to Nasdaq, which could push it higher.
Last week I shorted a small position in the $7’s and covered it on Friday. After that I flipped long for a quick trade with a couple thousand shares in and out during the day. I’ll be selling the rest tomorrow. All in, I will close around $4.5k on that.
That was the main trade.
Most of my $GLASF position has been closed, which will bring the closed profit to about $5.5k. I still have 1,000 shares short that I may cover soon so I can free up the buying power to short more HGRAF.
I also still hold 10,000 shares of $TAKOF. That stock has been chopping around a lot lately, so I’m just holding the position for a potential breakout unless I get a dip down into the low $0.50’s where I’d look to add.
Outside of that, I started a couple new positions:
$UAMY – bought 500 shares at $10
$NPPTF – bought 4,800 shares
I’d like to build the NPPTF position up to around 10–15K shares. The company mainly holds bitcoin, but it also has exposure to xAI and SpaceX, which could make it interesting later in the year.
My current risk levels:
NPPTF: around $0.45
UAMY: around $8
More updates soon.
These posts are just my personal trade journal and thoughts on the market. Not financial advice.