News Focus
News Focus
icon url

CashBowski

08/09/16 11:23 PM

#86014 RE: Cheds #85998

I know you've had your ups and down with SPLI and VPOR, but for me personally both tickers been amazing trades, simply because some of us recognized the early moves with SPLI were part of a bigger picture, and took advantage of the set-up beautifully for a epic run.

Price action is a whole different beast than the fundamentals that you've been stuck on for the past year. That's a irrelevant attribute when a stock is making this kinda move -- when it's only price driven, with extraordinary momentum.

I'm looking around, and it seems the veteran traders spotted the set-up in the 0003-0004's, heck even the gap up to 7 was a clue.

Like I said someone accumulated about a billion shares (or more) for couple hundred grand and are keeping the shares outta play for the time being.

This ticker is getting squeezed, plus whatever other factors that the company is working on is just a bonus if you prefer to consider fundamentals, but those are not currently correlated.

Now that might not be the case in a week or two, when fundamentals will inevitably come into play -- that's why I urge anyone playing this to take profits along the way, but for now it seems to be inline with price action.

Good luck Cheds, hope you come out on top at some point.