Time to Buy This Semiconductor Giant?

What's up my fellow penny stock junkies. Yesterday Forza X1 closed at $1.69. Right now it's trading at $2.51 up 49% on news of over $8.5M in potential revenue. I picked up a swing trade on it today in the $2.30's. Here's 3 reasons it can continue: FRZA is a $17.2M nano cap or as small as you can get in terms of market capitalization. Small cap stocks, which start $300M and go up to $2B, are considered a risky place traders dabble to capture aggressive growth. So nano caps ratchet up that risk versus reward even more. Short-term returns in double and triple digits do happen in nano cap stocks. In addition to being the smallest of companies, FRZA is a low float stock which means it's super volatile. Every trade in a low float stock issue can have a larger impact on the value than it would with a higher float. While there's no definition for how low a float must be to be low, speculative traders tend to gravitate to <10M. FRZA has a float of 3.45M so it's super low. FRZA recently went public (August) at $5 a share. They are in the electric vehical space which is a favorite for momentum traders right now. Given their tiny market cap and potential bookings of $8.5M in revs, I think it could continue to rally into the weekend before Monday's 2022 Q3. Interestingly it's at 3P ET when the market is still open, which leads me to believe they have something good to share and could spike the stock before the close. Finally, a quick look at the chart shows shares traded as high as $15, on heavy volume, back in August so I would not be shocked if this move ran between $3-$5. For my buy and sell alerts before I get in and out of exciting stocks like FRZA … … CLICK HERE to join Lightning Alerts https://join.ragingbull.com/lightningalerts-2 (Disclaimer: I own shares of FRZA) Jason Bond RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 Manage your email subscriptions. DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website, application or other service ("Services"), please review our full disclaimer located at https://ragingbull.com/disclaimer. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. AnyRagingBull Service offered is for educational and informational purposes only and should NOT beconstrued as a securities-related offer or solicitation, or be relied upon as personalizedinvestment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision. RESULTS PRESENTED NOT TYPICAL OR VERIFIED. RagingBull Services may contain information regarding the historical trading performance of RagingBull owners or employees, and/or testimonials of non-employees depicting profitability that are believed to be true based on the representations of the persons voluntarily providing the testimonial. However, subscribers' trading results have NOT been tracked or verified and past performance is not necessarily indicative of future results, and the results presented in this communication are NOT TYPICAL. Actual results will vary widely given a variety of factors such as experience, skill, risk mitigation practices, market dynamics and the amount of capital deployed. Investing in securities is speculative and carries a high degree of risk; you may lose some, all, or possibly more than your original investment. RAGINGBULL IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Neither RagingBull nor any of its owners or employees is registered as a securities broker-dealer, broker, investment advisor(IA), or IA representative with the U.S. Securities and Exchange Commission, any state securitiesregulatory authority, or any self-regulatory organization. WE MAY HOLD SECURITIES DISCUSSED. RagingBull has not been paid directly or indirectly by the issuer of any security mentioned in the Services. However, Ragingbull.com, LLC, its owners, and itsemployees may purchase, sell, or hold long or short positions in securities of the companies mentioned inthis communication. If you have a current active subscription with JBP Unchained you will need to contact us here if you want to cancel your subscription. Opting out of emails does not remove you from your service at JBP Unchained.