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Alias Born | 03/28/2012 |
Wednesday, April 17, 2013 8:18:21 PM
Being a trader, if I saw ZERO skyrocket to $20 I wouldn't be able to hit the sell everything button fast enough because I know every other trader is thinking the same thing. Grab it while you can. Sell on the peaks & buy on the dips. There are always dips. If you miss one run, just wait, another will come along soon.
The only time I've ever seen anything shoot strait up like that was the Knight Securities glitch last year. They said on the news it was only NASDAQ. Bullhocky! I watched it and have a bruise on my chin from my mouth dropping wide open to prove it. lol!
All of a sudden maybe like 40% of my tickers jumped 30%-40%. I wasn't fast enough, probably because of shock but as fast as they spiked up, they dropped down even further. I think I woke my family screaming WTF just happened??
Later on the news I heard about poor NITE losing $400M because of a computer glitch. Point being, as soon as traders saw the spike, they took profit off the table and then some, so if you were lucky enough to have a sell in, you might have won.
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