Sugarmade Inc (SGMD)

[MallenNV]

Post #52716

WERE OUT.

Auto bought Amazon at $110 after shorting at $122. 3500 shares at $12 net comes to $42,000 profit. Because we are sure Amazon will rise to $250, we bought back 250 shares at $111 using $27,750 of the profits and banking $14,250.

When we sell the 250 shares at $250 for $62,500 after the cost, we net another $34.750 for a total profit of $49,000. Regardless of the share price now, it's all pure profit.

UPDATE;
Going as planned. The buyers are taking out Amazon 1-5 shares just to get in with little means of making money on the stock just to say they own Amazon. This is driving the price up today $14 per share. And even if the shares rise to double in price from $120 to $240, those who own 1-5 shares will not sell.

Look at the buy data, you see 1-3-5 shares being bought all to often and that is what drove the price from $2 to $3000 per share. We anticipated Amazon will climb back to $250 (maybe even higher) and it’s on its way. Those who failed to buy 1-5 shares at $111 or even $120 are now kicking themselves and rushing to buy in 1-5 shares and drive the price up with no sell off.

Our 250 shares we paid $111 for are now closing in on $140 so were up $6,500 but as I posted, after the short and buy back for less, all this is profit added to the short profits.

Unfortunately this won’t happen to SGMD, you have to short them knowing it will never bounce back. So much money to be made and the way to do it is right in front of everyone’s eyes, they just fail to see.