I initially bought with the feeling that I was momo’ing it (i.e. chasing). And sure enough it became violent and printed some paper losses. I added for an average of 2.20/share.
From the NFTRH Trade Log:
Buy starter position in speculative and volatile CVSI, much like w/ ROKU & SRAX before these were increased on pullbacks. –June 12
Add a bit more CVSI on sharp pullback. –June 13
Increase CVSI to full position on today’s hammering. –June 21
But I held on for a wild ride and now it’s all water under the bridge.
Side notes: “full position” is not as large as an established stock (e.g. current holdings like MDT or WMT) would be. Also, now comes decision time; sell? Not sell? Partial? Hat tip to my friend Fred L. for this one. After the ignominy noted the other day, this is far more pleasant. [edit] Profit taken. 85% good enough.
Subscribe to NFTRH Premium for an in-depth weekly market report, interim updates and NFTRH+ chart and trade ideas. You can also keep up to date with plenty of actionable public content at NFTRH.com by using the email form on the right sidebar. Or follow via Twitter @BiiwiiNFTRH, StockTwits or RSS. Also check out the quality market writers at Biiwii.com.
