Well, we ended up having a second Big Momentum stock today. First, we had S-i-n-t that went up about 72 percent and now we have Htgm. So this just went from about seven dollars to nearly 14, which is about a hundred percent in less than an hour. All right.

So let's see if we can get dialed in with what happened on this one. So this is another reverse split, All right. So the stock did a reverse split. We can um, if I click on this symbol right here I can pull up the news headline on it.

So uh, we can pull the news headline down and we'll see right here. Uh, it's a 12 to 1 reverse stock split. All right. So um, so that means that um, okay, these are all addresses I swear that I have I am not in the market to buy these dresses.

most definitely my wife I Just want to put that on the record. Um, so uh, so 1 to 12 reverse stock split yesterday. So so shares 12 times higher today and Float is 12 times lower. So we've talked about this.

those you guys that didn't check out my episode I Just upload recently on reverse stock splits and secondary offerings. Check that out. Because so now let's check to see whether or not they have a shelf registration. So Htgm? Um, they've got the Shelf registration right? We actually looked at this earlier today so this was a not loading completely.

There we go. This is a 200 million dollar Shelf So that gives them the right to sell up to 200 million dollars in stock on the open market. if they wanted to to figure out whether or not they're actually likely to do that, you could look at their balance sheet and there's different, uh, different ways you could do that. but you could look at their balance.

see you could see how much cash they have cash and cash equivalents, which is, um, it's declining for sure. Um, and again, this is not uncommon. Uh with these types of companies. So you know you could look at this and you might be able to draw a conclusion that they're likely to do a secondary offering.

But um, there's no guarantee, it's only, it's still speculation. So in any case, uh, what ended up happening on this? So this is an example and I did trade this one earlier today. Um, a stock does. It's um, reverse split.

So having a hard time loading this chart. but in any case, does the reverse split? Uh, pulls back. it came back up here to a high of high. This candle was about 865.

it sells off at the open. I saw it come back up to eight dollars right here and I saw some people saying I'm thinking about buying it you know for the Eight dollar breakout and I didn't I didn't take that trade I didn't wasn't really sure. fair amount of volume that came up. hit eight, couldn't break sells off, looks like it's dead and then right there.

Boom! How many? How many shares of volume did we have on that candle? Um, same. So this candle prison? it's not telling. Uh, 43 000 shares of volume in that candle. Forty thousand shares, Forty three thousand.

It halts up so it goes from Seven uh. low was Seven Seventeen to Eight. Twenty Nine halted up. It opens higher, dip and rip.

It squeezes up to ten, pulls back. Surge is up here. Higher up to 11, up to 12. up to a high of about 12.

A 1338 pulls back, comes back up, topping tail, drops down, comes back up. another topping tail. This is very common and this is actually to me the area where it starts to get pretty risky to trade. I Like to trade on the front side of the move, but sometimes when you have this big extension like two four, six eight ten green candles in a row when you finally get a pullback, when it comes back up, it ends up being a double top and that can be a bull trap where bullish Traders get get stuck buying up here and then that flush down.

They're now caught and if it rolls over, they capitulate and sell short. Sellers lean into it and you get the sell-off and it kind of happened in a bigger way right there. So htgm, it was lighting up the scanner here. Float 9.85 million shares and let's just see.

Um now the thing is, um that's not adjusted for the split. So the float was 11 million shares. It looks like um as of November but now we've got the split so we'll have that float usually updated after reverse split. There's been a lot of issues this week with reverse splits and um, you know it not sort of working the way they're supposed to op.

Had a reverse split today and you know it was a reverse split. It opened it basically the same price which meant the market cap on it declined by I don't know 80 percent. It rallied back up. What was the split? Um, so did it really? Gain No It didn't.

We know that, um, stock split here ten to one. So yeah, that's crazy. Um, it feels like something hasn't been working quite right with these. Uh, this week and it has provided some opportunity.

but it's also been a as you've certainly been able to tell Risky. So I just wanted to show you that chart on Htgm I Thought folks would probably ask about it I did trade it earlier but only made 200 bucks on it and I've already closed down my platform and I don't intend to take any more trades today. I'm happy with a small green day and I don't want to overstay my welcome. So anyways, um, definitely a wild week and we'll see what uh, the rest of the week has in store for us.

So just a quick recap there on Htgm and as I had mentioned, uh, the morning show will be going on break in January so you won't be seeing the live Morning Show Monday through Friday but you will be seeing more Recaps like this So I Hope you guys enjoy them and I'll see you back here first thing tomorrow morning for the morning show. We'll We'll have a morning show running um through the end of this week and the end of Uh through this week and the end of next week and then uh, it'll last day will be on Friday the 30th. Okay, so uh, thanks again for tuning in. Reminder: As always, trading is risky.

My results aren't typical and there's no guarantee you'll find success whether you trade on your own. you'll learn from me. so make sure you practice and assimilate before you put real money on the line. and don't try to apply and like, follow me or anyone else.

All right. I'll see you tomorrow.