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Buying opportunity on late day! +$3700 on VLTC
This lesson is very useful, because it’s the application of a repetitive pattern that happens on a late day!
Stocks with many traders involved give the possibility to good and large movements, mainly on early morning or late day near the close. Near the end of the day many traders (especially short sellers) want to get out from their positions to avoid to hold shares over-night and avoid some potential gaps, (especially on friday or before some holidays, because again short sellers are afraid for possible gaps during the weekend)…..that’s the reason!!! and in momentum stocks, many short sellers have to cover (buy) in order to exit from their positions and that causes a short squeeze and some spikes!
Just today near 14:40 EST time I bought 10,000 shres on VLTC at 7,20, (with 0,05/0,07 cents risk) expecting this squeeze movement, and after 45 minutes the price spiked nicely to the 7,60!! I sold partial profits near the 7,45/7,50/7,55sh level for an overall $3300 (I made also $400 buying VLTC on the morning dip). That’s fantastic!! My vision is larger! Here the pattern and my happy face!!
I have to thank my Millionaire Mentor, Tim Sykes, where I learned a lot! Here a tweet:
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http://www.besttradingidea.com/penny-stocks-blog/
Posted Nov 25, 15 5:55 PMbybobstar
Categories
Short Squeeze, Websites
Tickers
VLTC
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