All right. So I thought I would come on here. Um, because I Just saw that trades that took place on Op this morning between 4 a.m and 8 16 a.m are being canceled. So the trades are being canceled.

It's as if they didn't happen. So if you made money on it or if you lost money on it, trades are canceled undo so the market can do a control Z and undo. A trade doesn't happen often, but it can happen and it's under um, clearly erroneous transaction guidance. Uh, that's rule 11 890 A and 11 890 B All right.

So I saw, um I got an email from Um A Trader Who said, hey, check it out I just got an email that pursuant to rule Uh 11890b NASDAQ on its own Motion in conjunction with Nice The Exchange Uh, Finra et cetera has determined to cancel all trades and security op at and above 17 cents uh that were executed on NASDAQ between 4 AM and 8 16 A.m This decision cannot be appealed NASDAQ will be canceling trades on the participants behalf. So wow. All right. Well, isn't that what maybe should have happened on um on Cosm? on Friday maybe I don't know I'm you know I'm What do I know I I'm not an expert, but um I'm just uh I'm just an idiot retail Trader trying to make you know a couple dollars a day so who knows.

Uh, but on uh Friday Obviously we had this, uh, you know, on Cosm, we had this, um, this huge sell-off uh where it. It basically loses 97 of its market value. Uh, essentially because while the reverse split did take place on NASDAQ it wasn't um, you know, uh, propagated out to all of the Uh firms, all of the broker dealers. And so when people logged in because it was a 25 to 1 split, if someone owned a hundred thousand shares, they saw Holy Smokes! I've got a hundred thousand shares in the stocks at six dollars I'm up 600.

Grand They press the sell button and all of a sudden you had this Wipeout huge drop because their share size hadn't been correctly updated now later in the day. Uh, what of course happens is that in fact, they were, they weren't supposed to have a hundred thousand shares. They were supposed to have one twenty fifth of a hundred thousand. which is um, 4 000 shares.

Which meant that they actually, if they sold a hundred thousand, they inadvertently put themselves short ninety six thousand shares. And uh oh, there's the short squeeze as market makers broker dealers are trying to unwind it and people didn't even necessarily know it in their accounts. So uh Josh says lovely because I was down 500 on Op. Well, you got yourself a, um, a bailout on this one.

That doesn't happen often, but um, but you did get one here on on Op. So this morning Op: there's news on it of a uh of a reverse split and this is Htgm. Let me close that. So we had Op here.

news of a reverse split and uh so announces revised. So this was I guess news at 9 00 a.m Um, so the news let's see on the 20th announces reverse stock split to be effective December 21st 10 to 1 split. So if it's a ten to one split, then this morning, as soon as it started trading since it was at 17 cents yesterday, it should have been trading at a dollar seventy immediately, right? But it didn't. it traded.

Um, it basically opened at 30 cents and squeezed up to a dollar Thirty or whatever. I Guess yeah, something like that. dollar dollar, third dollar dollar twenty. So there were some people that made money on it.

Uh, but you know some I suppose. Obviously it lost as well and that's not how splits are supposed to work. It's a trade of money for shares, right? So it there's not supposed to be this type of volatility in a split. But this this last week we have seen, uh, some kind of wild things and we've also seen a number of um, secondary offerings.

That's you know, we're coming to the end of the year and companies are running out of time to get some more cash on the balance sheet. uh and and in their you know, cash accounts before 12 31. So anyways, uh so they did a basically I don't even know what's going to happen with the chart if the chart is going to get I don't know I don't know what's going to happen with the chart but the price uh basically came back down although it did pop up I mean it's still it's like so the split's gonna take place tomorrow but it still went here from a low of uh, 23 cents to a high of 50 cents. so it still went up 100 in those two candles I don't know if that was short covering I don't even know maybe some people just buying the dip, but uh, we we ended up getting uh, seeing the news that those trades are are being uh, canceled or you know, so so that's that on Op.

so people were asking about it. It was halted pre-market at 8 16 a.m so any of the trades that occurred before that canceled the trades after that are I guess valid and tomorrow the reverse split I believe it's tomorrow will be going into effect and there will be a new Q-sip number. So Q sub number is changing on the company so you know, hold on to your hats, we'll see what happens. Hopefully it's a clean um split, but these last couple weeks it's been kind of kind of wild.

So we had Cosm which was insane. Not only do they do a reverse split, q-sip change, name change and the stock drops 97 percent, then it rallied ten thousand percent off the low from 23 cents to a high of almost 24 dollars a share. and then they do a secondary offering priced at 11.50 So crazy stuff. We are in a crazy market right now, but I suppose where there's volatility, there's opportunity as long as you can find a way to manage risk.

And I was able to match my risk today. Got some trades on Htgm, which was volatile as it's been in the last few days. I Got some trades on S-i-n-t and I did not overstay my welcome. This is you know I mean we've got the holiday right around the corner I'm I'm willing to kind of just finish this year and just be grateful for the gains I I do have and not end it with a big loss I just I'd prefer not.

So if I'm not willing to take a big loss, that means I've got to adjust my risk uh, threshold and tighten it up a little bit so tightening up risk minimizing risk as much as I can. I'd like to try to capitalize on opportunity, but with minimal risk. That's the goal that I have right now. Someone else that has a higher risk tolerance might be crushing it on some of these trades and that's awesome.

To each their own, you got to do what's right by you. But right now I'm trying to manage my risk. Finish: finish the month with uh, you know we got this week and next week I've just finished the month with some more green trades. Try not to do anything crazy, just kind of finish this year up.

So wrap it up and then January is right around the corner. So anyways I Also have a recap that I'll upload later on Htgm so you guys can see that. and um, yeah, so thanks. anyways I just wanted to give you guys that update for those that were asking about it.

uh again. So trades on? uh op from this morning between 4 AM and 8 16. uh news that those were getting, uh, canceled and the reverse split is actually going to take place tomorrow? All right. So kind of wild, but um, that that is.

Um, that's what we've been told. All right. So I don't know what that's going to even look like in your trading account if you traded it pre-market I I Have no idea um what that's gonna look. What? What happens how they unwind trades? Uh I Guess the broker dealers have to do something they're not used to doing.

but I guess that's just how it goes. I Have no idea I Don't know. Maybe maybe someone will comment on this. Uh, when it's posted on YouTube and let us know what it looked like on your account if you've seen any changes so far from those trades.

Okay, so that's it for me. Um I Hope you guys have a great uh oh Josh says it just says Zero Zero. Someone was saying that about um, they they saw it on Cmeg. Um, not sure which broker you're on, but uh.

anyways. um was your say Su just zero zero for the P L yawn Fidelity and light speed. Okay, interesting. All right.

well try again tomorrow. Reminder: As always, trading is risky. My results aren't typical, so take it slow practice in the simulator before you put real money on the line. and don't try to blindly follow me or anyone else.

We'll see you back at it first thing tomorrow morning. All right, see you guys Then.