valuesniperOct 11, 16 10:53 AM
Don't you think it could be risky, I mean since last week oil prices increase.
-$354 Loss
ATLSShort Stock
Entry comments: I shorted this pump that looks to be on the verge of collapse like it did a few days ago too down to 80 cents/share, classic #6 pattern from my PennyStocking Framework DVd, thanks to student VG for showing me the chart, Interactive Brokers has shares to short...Been a while since I've seen a chart this solid straight out of http://tim.ly/sykestrades
Exit comments: I gave it time to crack, but now it has a solid wall of buyers at 1.45 and 1.47, as the promoter probly knows I'm short so he's propping it up...that's the risk shorting these OTCs, go for big collapse, if not, then take small profits or losses...small loss for me, potential re-short when there's more signs of collapse...rule #1 cut losses quickly when wrong
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Position Updates
- Oct 11, 16 10:47 AM: Shorted 5000 at 1.48 - I shorted this pump that looks to be on the verge of collapse like it did a few days ago too down to 80 cents/share, classic #6 pattern from my PennyStocking Framework DVd, thanks to student VG for showing me the chart, Interactive Brokers has shares to short...Been a while since I've seen a chart this solid straight out of http://tim.ly/sykestrades
- Oct 11, 16 11:52 AM: Added 3000 at 1.52 - Added to my short, I knew I was chasing it a bit before since the breakdown level is 1.60, but didnt want to miss any big potential collapse...it got down to the 1.30s so I think it can get back down there, maybe the 1.20s later today or tomorrow too, that's my goal to cover into...it could still collapse to the 80 cent/share range like a few days ago, but that's a long shot now given this price action
- Oct 11, 16 3:01 PM: Added 2000 at 1.42 - I added to my short position as this is fading perfectly now and that should open the door to a panic later today or tomorrow morning ideally into the 1.30s or even 1.20s which is my goal
- Oct 12, 16 9:41 AM: Added 2300 at 1.53 - I added into this low volume squeeze, I think its just some disappointed over-aggressive shorts who wanted panic outright...I did too, but this spike isn't convincing so I'm glad the weak shorts are out, this can still panic and go red on the day like it did yesterday midday...risky to add here but the daily chart is broken so I'll give it a chance
- Oct 12, 16 10:14 AM: Covered 12300 at 1.51 - I gave it time to crack, but now it has a solid wall of buyers at 1.45 and 1.47, as the promoter probly knows I'm short so he's propping it up...that's the risk shorting these OTCs, go for big collapse, if not, then take small profits or losses...small loss for me, potential re-short when there's more signs of collapse...rule #1 cut losses quickly when wrong
Related Posts
| Date | Price | |
|---|---|---|
| Entry | 10/11/2016 | 1.4893 |
| Exit | 10/12/2016 | 1.51 |
- Total Views1,148
- Position Size12,300
- Percentage-1.39%
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1
timothysykesOct 11, 16 10:57 AM
@valuesniper pumps don't move with commodities, they move based on pumping
ethrenityOct 11, 16 3:03 PM
Etrade won't let me short this stock -_- oh well!
ethrenityOct 11, 16 3:05 PM
There is a big resistance on the ichimoku cloud resistance right where it's at by the way, if it falls anymore it could break through and drop like you said but it's also likely it coyld bounce a little first.
bunsoy20Oct 11, 16 4:38 PM
No otc on Etrade
KhermusOct 12, 16 10:17 AM
Rule #1 is so important, and you were so right!!! Now trading at 1.65!!! Good job!!!
ethrenityOct 12, 16 10:51 AM
Careful everyone who is shorting this - I think it could pop up in the next week, possibly to 3 based on Ichimoku cloud analysis. Wish you could post images here! Just be careful, dont short overnight.
