Friday, September 16, 2022 -- $24,227.18 (-$3,274.21, -11.90%)


Friday, September 16, 2022 -- $24,227.18 (-$3,274.21, -11.90%)

Well it has been a little over three months since I have posted and the portfolio has continued its death spiral.  But, today there is news on the Portfolio.  I sold 1,018+ shares of KIND, the KIND call options expired worthless, and, in keeping with the seek-out-risk-at-all-costs nature of this Portfolio, I purchased 10 GWH call option contracts with an exercise price of $2.50 expiring in March, 2023.  I paid $2.70 per share for these options so, in order to break even, GWH will have to go up to $5.20 by the expiration date of these options.  At present GWH is selling for $4.86/share.  GWH is a utility-scale battery development company specializing in iron chemistry batteries.  Though much more bulky that lithium-ion batteries, the iron chemistry batteries, if the technology can be worked out, have the potential to be much much less expensive and longer lasting.  In combination with alternative energy sources, this could dramatically facilitate the movement away from carbon-based fuels.  However, as the technology is still being worked out, GSW carries with it enormous risk.

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