Enjoyed the ride up. Going to LOVE the ride back down. Here's why.
Enjoyed the ride up but going to enjoy the ride back down even more! SSY will crash big over the next week. Got in at 1.95 on Monday but had to get out on Friday. SSY has tripled for no reason whatsoever except for the passing of the Health Care policy. The company, so nervous over the out of the ordinary price action and trading volume, had to release a press release stating they were unaware of any reasons for the recent trading activity in its common stock. When the company itself has nothing positive to report and can not explain why its stock price has tripled in less than 3 days, that is news to get out quick.
I have seen this stock chart pattern a million times and it never fails. What goes up quickly, falls quickly with no fundamentals to support. We will probably see the stock back in the $1.50 range by the end of the week.