End of Day Wrap Up 02/08/2021

Ocugen OCGN Investing

The Highlight of the Day: Ocugen Inc (OCGN)

Today my long term investment, Ocugen (OCGN) ran 166.09% with 719.5M in volume, with a High of Day of $18.77, Low of Day of $9.13, Closing at $15.81. After hours, OCGN closed at $13.96 -$1.85, -11.70%, so tomorrow we’ll have our first red day (at least during pre-market hours) since 02/03/2021, which is my favorite time to accumulate for the ride up. I’ve actually been waiting for a pullback, but it’s had a crazy run for the past week. I’m holding this long term until 2025, and I’m excited to see the growth of Ocugen.

Why I Invested in Ocugen Inc (OCGN)

  1. Pipeline for their modifier gene therapy platform: OCU400, OCU410, novel biologic: OCU200, and vaccine: Covaxin View Here
  2. Corporate Presentation with Planned Timeline View Here
  3. Consistent and Ongoing Communication with Shareholders View Here
  4. Ongoing News and Events, which shows strong Public Relations View Here
  5. Recent Registered Direct Offering, priced HIGHER ($7.65) than the closing price on Friday of $5.25, which I haven’t seen a company do in a very very long time. Ocugen intends to use the net proceeds from the offering for general corporate purposes, capital expenditures, working capital and general and administrative expenses for the continued growth of their company, which I’m fully in support of. View Here
  6. Sec-Filings View Here
  7. Ongoing Communication within the Professional Network on LinkedIn View Here

We all have our reasons for choosing to invest long term in a company, and for me, Ocugen Inc was one of those companies that I had a good feeling about. They had a rough year last year, as did every company, but I actually think the pandemic gave them the nudge they needed to switch gears. I took notice of Ocugen last year in June 2020 when their stock price dropped to $0.17.

What About All the Bad Press Back in June 2020?

I did a ton of research, and at the time there was a TON of bad press. Of course, being who I am, I decided to do some investigating, and I personally believed this company can turn things around. The more hate that spread about Ocugen, the more I wanted to invest and prove those people wrong. I tend to do opposite of what others tell me to do, so when they say sell and avoid, I buy, and I buy a lot (after doing my due diligence, of course).

Stock Split History

Ocugen (OCGN) has had one split within their history, which took place on September 30, 2019. This was a 1:60 reverse split, meaning for each 60 shares of OCGN owned pre-split, the shareholder now owned 1 share.

OCGN Historical Prices 1/14/2021-2/8/2021

Ocugen’s Charts Week of 02/08/2021

OCGN 1 D 1 m Chart 02/08/2021
OCGN 5 D 5 m Chart 02/08.2021
OCGN 5 D 15 m Chart 02/08/2021

How to Utilize My Positions List Below

Many ask how to utilize my top 10 green/red position lists below. Oftentimes, I will exit my green swing positions if it looks like there will be no continuation. My decision varies depending on what my cost price is. It’s all about managing risks, and if it looks like I’ll be in a position where, I’ll be down, I won’t hold, and will choose to reposition myself by accumulating dips on red days over a period of time until it’s ready for the next run.

To Buy On Green Days or Not

I will add to my green positions on green days only if it’s moving in the direction I like and forming higher lows, and showing a bullish chart. I make sure to scale when adding, especially on green days, because it can go south quickly.

To Buy on Red Days or Not

I will almost always accumulate my red positions because they usually move back up, unless it’s a clear pump and dump, which I will never swing because it’s too risky. If there are sharp spikes and a quick drop down, then it’s a clear pump and dump. If the chart slowly drops in price throughout the day, then that’s usually people taking profits. To make the call on re-entering or accumulating, I look at the 5D, 10D, 30D, 90D, 180D charts and I monitor the volume. I love adding when there’s little to no volume when setting up long swings.

Top 10 Green Positions (02/08/21):

  1. OCGN
  2. TSOI
  3. ITRM
  4. HCMC
  5. GAXY
  6. SNPW
  7. MARA
  8. RCON
  9. GHSI
  10. SAVA
  11. PHUN

Top 10 Red Positions (02/08/21):

  1. BLIAQ
  2. AMC
  3. CBAT
  4. LYL
  5. GME
  6. POLA
  7. PTON
  8. DXCM
  9. FSR
  10. RXT

I monitor Market Movers every single day to scan for new setups. I mainly look for positions with unusual volume that are at the bottom, ready for a reversal back up, or if they remain green, I look for a bullish chart for a continuation.

As always, if you made some massive gains, be sure to support your local and small businesses. Be the change you wish to see in the world. Believe it or not, we can make a difference in keeping these businesses open!

Many have asked how to support me directly, so I’ve set up a PayPal for Donations to my blog below. Every bit helps to keep my blogging dream alive. I truly appreciate you taking the time to read.

-Cheers

Disclaimer : This should not be considered investment advice, and should not be used to make investment decisions. Do not buy or sell any stock without conducting your own due diligence. Information on eyelovegains.com is opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts and data provided here are not meant for investment purposes and only serve as examples. We are not liable for any losses you may endure from the buying and selling of stocks or securities within your accounts.

Eye Love Gains

Anna is the face behind Eye Love Gains. Her passion for helping Entrepreneurs, Small Business Owners, Traders, and those struggling to rebuild their lives is the key motivation behind eyelovegains.com.

You may also like...

18 Responses

  1. Luke Young says:

    So where can you buy a stock like HCMC if Webull calls it non tradeable?

    • Eye Love Gains says:

      I use TD Ameritrade for my OTC trades. I like their thinkorswim platform. If you would like to open an account, I can have TD Ameritrade send you a referral email. =)

  2. Les Nicolosi says:

    I was recommended this blog by way of my cousin. I am no longer positive whether or not this publish is written through him as nobody else understand such distinctive about my difficulty. You are incredible! Thank you!

  3. Very well written article. It will be useful to anybody who employess it, including me. Keep doing what you are doing – for sure i will check out more posts.

  4. Hiya, I’m really glad I’ve found this info. Today bloggers publish just about gossips and net and this is really annoying. A good website with exciting content, this is what I need. Thanks for keeping this web site, I will be visiting it. Do you do newsletters? Can’t find it.

  5. Tamra Snide says:

    Generally I do not read post on blogs, but I wish to say that this write-up very pressured me to try and do it! Your writing taste has been surprised me. Thanks, quite nice article.

  6. Helpful information. Lucky me I discovered your site by accident, and I’m stunned why this coincidence did not took place earlier! I bookmarked it.

  7. Haley Idrovo says:

    Very good written information. It will be helpful to anybody who utilizes it, including myself. Keep doing what you are doing – for sure i will check out more posts.

  8. Tod Bruscato says:

    Currently it looks like WordPress is the top blogging platform out there right now. (from what I’ve read) Is that what you are using on your blog?

  9. Dodie Ferrar says:

    Undeniably consider that that you said. Your favorite justification seemed to be on the net the simplest thing to take into account of. I say to you, I definitely get irked even as people think about issues that they plainly do not recognise about. You managed to hit the nail upon the top and outlined out the entire thing without having side effect , other people could take a signal. Will probably be back to get more. Thank you

  10. Martha Urby says:

    Hey! I just wanted to ask if you ever have any trouble with hackers? My last blog (wordpress) was hacked and I ended up losing several weeks of hard work due to no data backup. Do you have any solutions to stop hackers?

  11. Wow that was strange. I just wrote an very long comment but after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that over again. Anyways, just wanted to say superb blog!

  12. Buddy Beppu says:

    Hello There. I found your blog using msn. This is a really well written article. I’ll make sure to bookmark it and return to learn extra of your helpful info. Thanks for the post. I will certainly comeback.

  13. What’s Going down i’m new to this, I stumbled upon this I’ve found It positively useful and it has helped me out loads. I’m hoping to contribute & help other customers like its aided me. Great job.

  14. I’m truly enjoying the design and layout of your site. It’s a very easy on the eyes which makes it much more enjoyable for me to come here and visit more often. Did you hire out a designer to create your theme? Great work!

  15. Movers in Boston says:

    My spouse and i were so excited when Chris managed to finish up his basic research because of the precious recommendations he came across out of the web pages. It is now and again perplexing to just always be giving freely solutions that a number of people may have been trying to sell. And now we fully understand we need the blog owner to appreciate for that. The specific explanations you’ve made, the easy blog navigation, the relationships you will help to engender – it’s got all remarkable, and it’s really facilitating our son in addition to our family do think this matter is exciting, and that is extraordinarily fundamental. Thank you for the whole thing!

  16. Hello, i think that i saw you visited my site so i came to “return the favor”.I’m trying to find things to improve my website!I suppose its ok to use some of your ideas!!

  17. Hola! I’ve been reading your site for some time now and finally got the courage to go ahead and give you a shout out from Dallas Tx! Just wanted to mention keep up the excellent work!

Leave a Reply

Your email address will not be published. Required fields are marked *