Savvy Trades and Investments

[researcher59]

GTEC +.61 to 3.43, closing near the high of the day. I don't think this rally, which has roughly doubled the stock price in 3 days, has anything to do with fundamentals. It seems to me that the stock probably got pumped somewhere, perhaps on Reddit, by momentum players, and it's tough to predict how high they can push it .... in the recent case of VFS, the money losing Vietnamese EV company, the stock rose 700% in a mere 6 days to a high of $93 and is now down to $28, a drop of 70% in 4 days. It was strictly a low float trading frenzy that caused the action.

GTEC might have peaked today at $3.50, but on the other hand it could be heading over $4 on Monday .... I've sold about 40% of my position so far and feel comfortable with that, realizing that I can't predict the top and will likely be holding a bunch of shares when the stock inevitably retreats.

If it were easy to use technicals like RSI to predict a coming price reversal, then it would be easy to profit by selling short, but that's not the case.