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Thursday, 04/02/2015 5:49:03 PM

Thursday, April 02, 2015 5:49:03 PM

Post# of 1228
Classic double top reversal....

I might never have heard of ZIOP if it hadn't been for the email I got from an outfit called stockreversals...I'm sure lots of people know the drill, they tout themselves as "dedicated professionals helping investors find winning stocks"...or some other drivel like that. They talk up lots of stocks, and of course some of them hit. Then they use that as leverage to tout a stock like ZIOP.

I sign up for lots of these emails, not for investing ideas, but to know what to avoid. Then when stockreversals was pumping MOBI in the fall at $8+ I decided, why not buy puts and make some bank from the pumping dumping scalper outfits ideas.

It worked great on MOBI, made enough to pay for a Carribean winter holiday, and I think I'll make even more on the ZIOP puts I bought when it was trading over $13 in early March.

If you want to taste the fruit, you have to go out on a limb. But if you wait for the herd to move out on the limb....the branch tends to snap.

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