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I've Been a Buyer Friday, Making Partial Buys Like I Always Do

It's premature to predict that a low has been made, but plenty of stocks are quite washed-out already and are starting to find support.
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A minor positive open was sold, and a breach of Thursday's lows accelerated the selling, but that was the washout needed to create a quick snap-back. The best bounces always occur in the worst markets, and this market has been quite bad lately.

It is premature to predict that a low has been made, but plenty of stocks are quite washed-out already and are starting to find support. Not everything will bottom at once, and many stocks that do find support will continue to languish for a while.

I've been a buyer this morning, but I'm just making partial buys like I always do. I'm not sure support will hold, and if it doesn't, I'll be taking stops and then rebuying even more.

Quite a few folks are watching bitcoin, and I've started rebuilding a position in Grayscale Bitcoin Trust (GBTC) . It was trading below its NAV value which makes it more attractive than usual. I believe bitcoin will see another run sooner or later, but there is no way to predict when or from what level. I'll continue to nibble at GBTC as it develops

I also have a list of some of my favorite small-caps, most of which I've discussed many times, that I'm buying incrementally. Most have some support, and I don't see much additional downside risk at this point. Some of the names I've been adding today are Elys Game Technology (ELYS) , Xeris Pharmaceuticals (XERS) , AMMO (POWW) , Aurinia Pharmaceuticals (AUPH) , Canaan (CAN) , Texas Mineral (TMRC) , Village Farms (VFF) , Ocular Therapeutix (OCUL) , and Butterfly Network (BFLY) .

One new name I'm starting is Golden Nugget Online Gaming (GNOG) . This was a recent SPAC deal that was finally closed, and it's been under steady pressure for a while. I believe that the calling of warrants created some pressure, but that should unwind soon. I put it on the radar and will be watching for further developments.

At the time of publication, James "Rev Shark" DePorre was Long GBTC, ELYS, XERS, POWW, AUPH, CAN, TMRC, VFF, OCUL, BFLY, GNOG.